Key Takeaways:
Cate, a newly launched meme coin on the Ethereum blockchain, has experienced rapid growth since its debut in September despite its relatively smaller market capitalization. In a short period, CATE experienced notable growth, pumping by 68% in a single day on one occasion.
CATE Posts ATH and ATL In the Span of 30 Days
Cate Coin is inspired by the pet cat of Atsuko Sato, who is the owner of the famous Shiba Inu that became the face of the popular internet meme “Doge”, which inspired cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB). Just like in the Atsuko household, $CATE is closely related to $DOGE, and now $NEIRO.
The Ethereum-based meme coin follows a straightforward approach with a total supply of 1 billion tokens and zero transaction fees, typical meme coin stuff.
The token’s developers have introduced a burn mechanism that will protect Cate Coin’s value by reducing its supply over time. This structure appeals to investors seeking transparency and ease of access.
In the first three days since launch, CATE was able to attract over 5,500 holders. The coin’s official X page boasts 4,600 followers and it is getting listed on popular crypto exchanges. During its launch, the CATE team donated $20,000 USDT to Perry’s Palace LA, a popular cat shelter, which demonstrated their commitment to making a real-world impact.
CATE has a circulating supply of 1 billion coins and a market capitalization of $2.64 million. CATE is currently trading at $0.002647 – down 10.11% in the last 24 hours. The coin attained its highest valuation on September 15, when it was trading at $0.048132, while its lowest price was recorded on October 22.
CATE Coin Could Regain Momentum in November, With a Surge Expected in January 2025
Despite the major crash it suffered, Cate Coin’s Fear and Greed Index shows 70, indicating “Greed”. But the market sentiment for CATE is currently “Bearish”. The coin recorded 10 out of 30 days in the green, with a 55.42% price volatility, meaning it is now not a good time to buy CATE.
Cate Coin’s price has declined by 83% against the US dollar in the last month. According to predictions, the price of CATE is expected to rise by 229.62% and reach $0.008426 by November 21, 2024.
In 2025, Cate coin is forecasted to trade between the price channel of $0.004368 and $0.010336. The average price at which the coin could change hands at an average price of $0.006605. January is widely expected to be the best-performing month for the meme coin as there is most likely to be a bull run for the broader market.
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