TL;DR
- Simon’s Cat (CAT) has experienced significant growth in just two weeks, hitting a record high and gaining popularity among traders.
- Now ranked as the fourth-largest token in its category, it joins other notable tokens like Popcat (POPCAT) and Mog Coin (MOG), which have also made impressive gains.
The New Peak
Simon’s Cat (CAT) – a meme coin that debuted on the BNB chain on August 22nd – has demonstrated remarkable growth. It has surged by 70% over two weeks, reaching a new all-time high of $0.00003355 (according to CoinGecko) earlier today (September 13).
The increase in the coin’s value aligns with the positive outlook expressed by various market analysts, some of whom think the “cat season” has yet to reach its peak. An X user stated that CAT “is cultivating a wonderful organic community,” with the number of wallet holders surpassing 26,000.
Another user (with the X handle Unipcs) lauded the token’s all-time high, speculating that it could eventually become “the one cat to rule them all.”
It’s also noteworthy that this meme coin has caught the attention of major cryptocurrency exchanges. HTX (previously known as Huobi), for example, has launched CAT/USDT perpetual futures available with up to 50x leverage.
MEOW, New Perpetual Listing! #HTX adds $CAT/ $USDT perpetual futures with up to 50x for both long & short trades. @SimonsCatMeme
Details: https://t.co/VJMCDU1vqI pic.twitter.com/1mdwbR0bxw
— HTX (@HTX_Global) September 13, 2024
These products enable traders to speculate on price fluctuations without actually owning the underlying asset. They are intended for long-term holding, requiring market participants to maintain a specific margin to keep their positions open.
What About the Other Cat-Related Memes?
CAT currently stands as the fourth-largest cat-themed meme coin, boasting a market cap of around $220 million. The clear frontrunner, Popcat (POPCAT), has a market capitalization close to $650 million, and it too has seen substantial rises lately. At present, it trades around $0.65, reflecting a 27% increase compared to last week’s figure.
Several exchanges provide services for POPCAT, including Bybit, KuCoin, Crypto.com, and Gate.io. Additionally, the US-based Kraken plans to join the list, promising to list the token in the coming week.
Other cat-themed meme tokens that have witnessed double-digit growth over the past week include Mog Coin (MOG), Kittekoin (KOIN), and MANEKI (MANEKI).
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