The meme coin market has long been dominated by dog-themed tokens. Names like Dogecoin, Shiba Inu and Floki Inu have attracted millions of investors. However, a few different players have emerged on the scene recently. One of them is CatCoin. CatCoin, which recorded an incredible rise of 4793% throughout March, managed to attract the attention of investors. On the other hand, other meme coin projects traded on the Base network also attract attention. Here are the details…
CatCoin: Cat-themed meme coin attracted attention
CatCoin is a cat-themed meme coin, just as its name suggests. Unlike other meme coins, CatCoin is managed with a decentralized structure. Thanks to the DAO (Decentralized Autonomous Organization) structure, decisions are made by the community. This makes CatCoin more attractive to investors.
CatCoin, whose total supply is constantly decreasing, takes precautions against the risk of inflation. The entire 50 billion total supply is currently in circulation. Its current price is around 0.000000001295 dollars. There are several important reasons for CatCoin’s recent rise:
- Community support: The CatCoin team’s active social media use and 300 billion token giveaway event mobilized the community.
- Bull market: The overall rising cryptocurrency market has also helped altcoins like CatCoin gain value.
- Transition from Solana to Base: Another development is that investors are now looking for meme coin opportunities in Coinbase’s new network, Base, instead of Solana. This led to the appreciation of cat-themed meme coins on the Base network.
Could CatCoin’s rise herald a shift in the meme coin market? Although it’s hard to say for sure yet, the success of CatCoin shows that interest in cat-themed meme coins is growing. CatCoin’s sudden rise proves once again how dynamic the cryptocurrency market is.
What were the other coins that experienced an increase?
In addition to CatCoin, other cat-themed meme coins traded on the Base network also stand out in this wave. For example, Toshi is one of the most popular meme coins on the Base network, rising more than 10% in the last few months. Toshi, which was launched as a rival to Shiba Inu, has already reached a large investor base. Thank You Based God (TYBG) was also a noteworthy coin. With a price increase of up to 1300 percent, TYBG experienced one of the biggest meme coin booms in recent times. TYBG has strong community support behind it.
Normie, on the other hand, is a meme coin traded on the Base network and inspired by words used in daily life. It has managed to attract the attention of investors with its recent rise. Finally, Brett is a meme coin inspired by a cat name popular on the internet. It showed a similar performance to TYBG, with a price increase of up to 1300 percent.
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