Cate, a relatively new meme coin on the Ethereum blockchain, is experiencing rapid growth, despite its smaller market cap.
In just a short span, Cate has experienced notable price surges. The coin has pumped by 68% in a single day, with a 36% increase over the past day and a half.
But what’s behind the excitement surrounding Cate?
Brief Overview of Cate (CATE)
Meet CATE, the groundbreaking pet of Atsuko Sato, also known as “Kabosu Mama.” Before Kabosu, the Shiba Inu famous for the “Doge” meme, became a global sensation, CATE, the pioneering cat, had already made a name for itself in the Sato household.
CATE isn’t just any cat; this legendary meme feline has been a close companion to $DOGE and now extends its friendship to $NEIRO. With an adventurous spirit and irresistible charm, CATE has ventured onto the Ethereum blockchain, poised to create a lasting impact in crypto history.
Cate follows a straightforward approach with a total supply of 1 billion tokens and zero transaction taxes. The project burned its liquidity to provide extra security. This simple structure appeals to investors seeking transparency and ease of access, especially in a market filled with complicated tokenomics.
In just three days, Cate Coin has already attracted over 5,500 holders. Its social media presence is equally strong, with around 4,600 Twitter followers and growing exchange listings. Cate’s early success includes a $20,000 USDT donation to Perry’s Place LA, a cat shelter, demonstrating the team’s commitment to making a real-world impact.
The project has gained attention for its rapid community growth, boasting over 5,000 Telegram members, Twitter verification, and new exchange listings. As the coin trends, its early performance points to strong potential for further growth.
CATE price prediction
Cate’s price has surged over 100%, now trading at $0.0444, with an all-time high of $0.047 reached just three hours ago. The market cap also climbed at a similar rate, while trading volume spiked by about 68% today.
With this momentum, Cate seems poised to break through the $0.05 mark soon. Increased community engagement and growing exchange listings drive this bullish sentiment. The vibrant community behind Cate plays a key role in its success, fostering strong support and demand.
Analysts remain optimistic about Cate’s future. They predict the coin could reach $0.06 in the short term, and a longer-term target of $0.08 to $0.10 is possible, depending on market conditions and investor interest.
However, the cryptocurrency market remains volatile. Despite the positive outlook for Cate, investors should stay mindful of potential risks. Resistance levels around $0.048 and $0.050 may challenge further price gains.
Alternative coin: Pepe Unchained (PEPU)
Last week, the Pepe Unchained (PEPU) team celebrated raising $12 million in their presale. Today, that amount has increased to $13 million.
The presale price for Pepe Unchained starts at $0.0096897, but it will go up throughout the campaign. The next price increase will happen later today, with subsequent hikes at each new stage of the presale, which occurs every three days.
Pepe Unchained is building an Ethereum Layer-2 blockchain designed to support meme coins and related applications. It uses similar technology to other popular Ethereum Layer-2 solutions like Base, Blast, Arbitrum, and Optimism.
A tall refreshing glass of Pepe Unchained..
It always goes down smooth pic.twitter.com/byTHtWSv36
— Pepe Unchained (@pepe_unchained) September 14, 2024
Like these other Layer-2s, “Pepe Chain” will handle transactions on a separate blockchain that sits on top of Ethereum. It promises to be 100x faster and cheaper than the main Ethereum chain. Pepe Unchained aims to boost Ethereum’s capabilities, just like Coinbase’s Base and other Layer-2s.
The project also appeals to everyday investors who missed out on previous fundraising rounds reserved for venture capitalists. Paying tribute to Pepe, the most iconic meme of this cycle, adds to its charm.
Additionally, the team offers traders the chance to grow their investment through its staking protocol. Staking started with the presale and currently offers a 155% annual percentage yield (APY). A significant 30% of the total $PEPU supply is set aside for staking rewards.
This provides a strong incentive for traders to get involved in the presale early and maximize their rewards before the anticipated exchange launch.
There is no information yet on whether $PEPU’s initial exchange offering (IEO) will be on decentralized or centralized exchanges. However, with strong investor support, major centralized exchanges may consider listing $PEPU.
The project has also undergone smart contract audits from Coinsult and SolidProof, both of which found no issues with the code, increasing its attractiveness to top exchanges.
To participate in the $PEPU token presale, go to pepeunchained.com.
Related
- Pepe Unchained Presale Hits $12.8 Million Milestone as Whales Dominate Buying
- Turbo Token Surges 9% Today as Whale Activity Boosts Pepe Unchained Presale to $12.5 Million
The post CATE Surges Over 100% to New All-Time High – Should You Buy, Sell, or Hold? appeared first on ReadWrite.
