Simon’s Cat, a meme coin inspired by the popular animated series, trends on CoinMarketCap and DEXTools while gaining traction with listings on several reputable exchanges.
As a trending meme coin, it poses the question: Should investors consider buying Simon’s Cat?
This article will dive into the project’s current performance, its market potential, and whether it’s worth investing in.
Brief overview about Simon’s Cat
The Simon’s Cat project emerges as a significant player in the meme coin space, emphasizing its strong presence on the BNB chain. Floki, a well-known figure in the crypto community, has notably mentioned the project, which boosts the coin’s credibility.
Simon’s Cat trades on several reputable exchanges, including BingX, Gate.io, KuCoin, MEXC, HTX, BTSE, PancakeSwap, BitKan, CoinW, LBank, XT, KCEX, Bitrue, and AscendEX. This broad availability across platforms signals strong potential for attracting investors.
The tokenomics of Simon’s Cat include a 30% allocation to pre-sale investors, 18.50% for a $FLOKI holders airdrop, 5% for the treasury, 1.5% for the $FLOKI trading bot airdrop, 5% each for community growth and MM’s, 10% dedicated to the Simon’s Cat Foundation, and 25% allocated to liquidity.
UPDATE: Snapshot for $CAT Airdrop to $FLOKI Holders Completed
We would like to announce that the snapshot for the $CAT airdrop to $FLOKI holders has been completed.
As communicated in previous announcements, the snapshot for FLOKI holders on Binance was taken at 23:59:59 UTC on… pic.twitter.com/yXJCXbEimV
— FLOKI (@RealFlokiInu) August 30, 2024
The project also focuses on philanthropy, using each trade to help feed hungry cats globally, adding a charitable aspect to its appeal.
On Twitter, Simon’s Cat has attracted over 89,000 followers. This vibrant community and active engagement reflect growing interest and support. The project is gearing up for “cat season,” aiming to capitalize on the trend of cats potentially outshining dogs in the meme coin race.
Alongside Simon’s Cat, another project has caught the attention of the 99Bitcoins YouTube channel: Pepe Unchained, which is currently in presale and has raised nearly $12 million.
Pepe Unchained, the first Pepe-themed Ethereum Layer 2 blockchain, offers 100x faster and cheaper transactions, a block explorer, staking with 170% APY, and a dedicated Ethereum bridge, making it one of the best meme coins to buy in September.
Simon’s Cat price prediction
Simon’s Cat token (CAT) launched with a resounding success on August 23, 2024, experiencing a substantial initial price surge due to a combination of factors. Exchange listings, token burning, and the highly anticipated airdrop all contributed to its early growth.
As the first major cat-themed meme coin on the Binance Smart Chain (BNB Chain), CAT’s price has steadily climbed since its debut. The listing of CAT on various exchanges significantly enhanced its visibility and accessibility, attracting a wider range of investors and driving demand.
The burning of 900 billion CAT tokens reduced the total supply, potentially boosting its value. On August 27, 2024, CAT reached a high of $0.0000286 following this token burn.
The Simon’s Cat airdrop, which distributed 20% of the total supply to eligible FLOKI holders, initially sparked a buying frenzy. However, as the market settled and the initial excitement faded, CAT’s price began to decline, reflecting a common post-airdrop trend.
CAT still has a long way to go to reach the market capitalization of top meme coins like DOGE and SHIB, but its performance since launch suggests potential for growth. With a current price of $0.00002351 and a 73.05% increase in the last 30 days, some predict a 223.75% increase in the next 30 days.
Although CAT’s future remains uncertain, its strong performance since launch suggests it could become a significant player in the meme coin space.
