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Popcat tumbles 9%, losing market confidence, as traders flock to CatSlap, surging 336% in just five days.
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Market-leading cat-themed crypto Popcat has shown weakness with a 9% selloff today, but smart money traders are turning to CatSlap (SLAP) for significant returns.
Having launched just five days ago, CatSlap is currently trading at a 336% premium. However, with a market cap of just $28 million, experts think huge gains could be on the horizon.
Meanwhile, Popcat has lost a quarter of its entire market cap in the past week. As holders exit Popcat, CatSlap is emerging as an attractive alternative with real viral potential.
Can investing in SLAP make you 100x gains or more?
CatSlap has almost 6,000 holders, and its base is growing rapidly. 23 of the last 25 trades were buy orders. If you missed the 600x gains that Popcat provided, this could be your second chance to get in on a high-growth cat coin early.
The CatSlap website features a countdown timer to a “major announcement.” Whispers are circulating that this will involve a coveted listing on a tier-1 exchange such as Binance, Coinbase, or Robinhood. The three titans are in a meme coins arms race right now, vying to capture a bigger market share. Robinhood made the last move by listing Dogwifhat on Monday.
The CatSlap team clearly knows what they’re doing. It has already been listed on CoinMarketCap and received a smart contract audit from Solid Proof. This bolsters its chances of securing a big-name exchange listing.
CatSlap is about to explode – are tier-1 listings confirmed?
The CatSlap price chart shows signs of an explosive breakout in the coming days.
A whale sell order of $200,000 caused a retracement, which opened an opportunity for new investors to accumulate SLAP at a discounted rate.
However, the chart is currently forming a descending wedge pattern, which is one of the most high-percentage, bullish patterns available.
SLAP also formed a similar – yet smaller version – of this pattern prior to its current ATH. The last time it broke out, a 304% price rally ensued. But with the current triangle pattern running on a higher scale, we could see an even more explosive breakout.
Evident in the huge buy wall shown before, traders are taking full advantage of this low price ahead of anticipated tier-1 exchange listings. And as always, smart money traders are among those buying in at the lows.
Another tailwind for CatSlap today is that Ethereum is outpacing the market. While the total crypto market cap is red, Ethereum is up 1.51% today. CatSlap is an Ethereum-based meme coin that will benefit from the ecosystem’s rising tide.
While Solana has proved a hotbed for meme coins in 2024, Ethereum remains the most liquid blockchain by a long stretch. As such, ecosystem meme coins like Shiba Inu, Pepe, and Mog Coin continue to dominate.
CatSlap staking offers a 40% APY
Most meme coins are limited to “buy low sell high” utility. However, CatSlap introduces a staking mechanism that provides up to a 40% APY. But to receive the full 40%, stakers must lock their tokens for 12 months.
This incentivizes long-term holding and bolsters CatSlap’s supply and demand dynamics, increasing its chances of lasting success.
SLAP is available to buy on the project’s decentralized exchange widget on its website homepage or on Best Wallet via its Upcoming Tokens feature. Interested users can download Best Wallet on the App Store or Google Play Store.
Enjoy a gamified experience with CatSlap
CatSlap offers a gamified experience through its CatSlap Slapometer.
It’s a “click-to-slap” game that follows Popcat’s “click-to-pop.”
However, there are talks that CatSlap will step into full Play-to-Earn soon, something that Popcat or no other cat-themed meme coin offers.
Moreover, CatSlap’s click-to-slap game separates users by country, creating a global competitive outlook that Popcat’s game does not have.
Analysts have high hopes for CatSlap, with Michael Wrubel recently saying it can 50x in price, which would take it past the $1 billion market cap line and put it in contention with Popcat.
The project’s social media channels are growing quickly. Over 9,300 people have followed its X account, and 700 have joined its Telegram channel. Prospective investors can join these channels to stay updated with the latest news and developments.
The crypto bull market is here. This month, Bitcoin is nearing $100K, and many meme coins have provided life-changing gains. CatSlap is well-positioned as the next to do it, but it feels like it’s almost time for the giga-pump. Those wanting to get involved should act quickly to avoid missing out.
To learn more, visit the CatSlap website
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This article first appeared at crypto.news
