Simon’s Cat ($CAT), a popular web3 meme coin, is attracting huge investors after Binance announced the launch of its perpetual contract. It skyrocketed to 30% in the past two days, reaching the price of $0.00003854 per coin.
Various traders who seek meme coins are opting for CAT as it is expected to give good returns in the long run. Is it actually worth for long-term hodling? In this article, we will delve into the $CAT token’s price prediction.
We will analyse the charts, explore the community support, check other pros and cons, and get into the latest buzz around the token to create a long-term price prediction until 2030. Let’s begin.
What is Simon’s Cat?
Simon’s Cat is a famous animation series with around 1.6 billion YouTube views. Beyond the video series, it has a game that has over 20 million downloads. This blockchain coin is like a tribute to Simon’s Cat, a creation from passionate fans.
This meme coin was created through Binance Smart Chain and has been around the web3 space for the past three months. Within a short period of time, it gained numerous investors, reaching around 250 million dollars in market capitalization. The token ticker is $CAT, and let’s get into its details.
The CAT Token – Basic Details
| Token Ticker | $CAT |
| Contract Address | 0x6894CDe390a3f51155ea41Ed24a33A4827d3063D |
| Chain | Binance Smart Chain |
| Total Supply | 9,000,000,000,000 CAT |
| No. of Holders | 232,199 |
| Market Cap | $260.16 million |
Factors that Influence Simon Cat’s Price
The sentiment of the whole crypto market, the events inside the community, new proposals, tokenomics, news value, and external factors – all affect the price movement of tokens. Let’s check some of the reasons for CAT’s boom.
Community Support
The 232K wallet holders and more than 2,389,347 transactions indicate the vibrant on-chain activity happening around the Simon’s Cat. The Telegram community has 63K members and the X (Twitter) handle has around 214K followers.
This strong community support is visible in its media presence. It is one of the current trending coins, and it cannot be achieved without the support of passionate members. A strong community means a strong market cap.
Binance’s Listing
Binance decided to create a 1000CATUSDT perpetual contract which went live on 21st October 2024. Users can now trade $CAT without purchasing it, and leveraging their positions up to 75 times.
Binance’s move to enhance the trading experience of its users was very beneficial for Simon’s Cat. The listing in such a reputed exchange resulted in discussions and media exposure, and it naturally attracted investors.
CAT’s Tokenomics
Apart from the exchange allocation and the liquidity pool allocation, the tokens are distributed decently, and the holdings seem pretty decentralized. This reduces the risk of sudden pump-and-dump schemes and market manipulation.
Also, 10% of coins were burned recently. We can expect more burnings soon, and it will help the coin to increase its demand. In conclusion, tokenomics plays a huge part in increasing the market value of Simon’s Cat.
Meme Market Sentiment
The whole meme market has around $56 billion market cap, and it has shown significant growth in the past months. According to CoinMarketCap data, Simon’s CAT is in the 221st position, and it is expected to move up soon.
The collaborative nature of the meme coin niche has been helping a lot of coins lately. The Floki Inu community has organized an airdrop campaign where the rewards were in $CAT tokens. This event has increased Simon’s Cat’s credibility, creating an impact in the charts.
CATS Token – Insights from Charts
CATS is almost 43% up from the past week. Although it is in an uptrend, the coin is around 21% down from its all-time high of $0.0000464, which happened a month ago, precisely on September 21, 2024. Traders expect the coin to break its own ATH soon.
As a recent coin, in-depth chart data is not available for analysis. Anyway, the on-chain activity and the positive movement of green candles align with the bullish side. Let’s get into the long-term prediction.
Simon’s CAT Price Forecast: 2025, 2026, 2027, 2028, 2029, 2030
| Year | Min. Price (in Dollars) | Max. Price (in Dollars) |
|---|---|---|
| 2025 | $ 0.00007557 | $ 0.00009685 |
| 2026 | $ 0.00003504 | $ 0.00009685 |
| 2027 | $ 0.00003879 | $ 0.00008687 |
| 2028 | $ 0.00006927 | $ 0.000145 |
| 2029 | $ 0.000136 | $ 0.000313 |
| 2030 | $ 0.000124 | $ 0.000183 |
Where to Buy Simon’s Cat? The Markets
The CAT/USDT pairs are available in HTX, KuCoin, Gate.io, MEXC, BingX, and BitMart. CAT/WBNB pairs are available in decentralized exchanges like Pancaskeswap, Uniswap, and Squadswap.
Simon’s CAT: Is it a Good Investment Option?
As of now, the $CAT token is travelling through a bull phase, and if you are looking for a short-term entry, better wait to find a perfect dip. For long-term holding, Simon’s Cat is a better meme coin to choose from.
However, always do your own research and let the decision to purchase come from you. Meme coins survive through media exposure, community support and pure luck. Be aware of the high volatility of the meme market and plan your moves accordingly.
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