This Cat-Themed Meme Coin Marks New ATH As ‘Cat Season’ Knocks On The Door – Details

TL;DR

Simon’s Cat (CAT) is up double digits in two weeks, hitting a new all-time high and gaining traction among traders. It is now the fourth largest in its realm, with other tokens such as Popcat (POPCAT) and Mog Coin (MOG) also making substantial gains. The New Peak

Simon’s Cat (CAT), a meme coin launched on the BNB chain on August 22, has shown quite impressive performance. Its price has increased by 70% in a two-week scale, reaching a new all-time high of $0.00003355 (according to CoinGecko data) today (September 13).

Price CAT, Source: CoinGecko

The coin’s jump aligns with the bullish stance of multiple market watchers, some of whom believe the “season of the cat” has yet to make big waves in the space. One X user stated that CAT is “building a lovely organic community”, with portfolio holders exceeding 26,000.

Another (using the X Unipcs handle) praised the token’s ATH, predicting that he will eventually become “the one cat to rule them all.”

It is worth mentioning that the meme coin also caught the attention of some leading cryptocurrency exchanges. HTX (formerly known as Huobi), for example, introduced CAT/USDT perpetual futures with up to 50x leverage.

MEOW, new perpetual listing! #HTX adds $ CAT/ $USDT perpetual futures with up to 50 times for long and short trades. @SimonsCatMeme

Details: https://t.co/VJMCDU1vqI pic.twitter.com/1mdwbR0bxw

— HTX (@HTX_Global) September 13, 2024

These products allow traders to speculate on price movements without directly owning the underlying asset. They are designed to be held indefinitely and require market participants to maintain a certain level of margin to keep positions open.

What about the other cat related memes?

CAT is currently the fourth largest cat-themed meme coin, with a market cap of around $220 million. The undisputed leader, Popcat (POPCAT), is worth nearly $650 million, and its valuation has also soared recently. It is currently trading around $0.65, a 27% increase compared to the figure seen a week ago.

Some of the exchanges that offer services with POPCAT include Bybit, KuCoin, Crypto.com, Gate.io and more. US-based Kraken is also jumping on the bandwagon, promising to include the token next week.

Other cat-themed meme coins that have seen double-digit price increases in the last seven days are Mog Coin (MOG), Kittekoin (KOIN), and MANEKI (MANEKI).

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