2 Robinhood Chain Tokens That Could Be the Next CASHCAT

CASHCAT is the biggest token created on Robinhood Chain after gaining by 2,200%. That rally is cooling off because the price of CASHCAT is down by 17% today, July 13, to trade at $0.14 at the time of writing. This drop has shifted investors’ attention towards other Robinhood Chain tokens that could rally as much as CASHCAT did in its early days.

CASHCAT Dominates Robinhood Ecosystem Tokens After Major Rally

Robinhood Chain has surpassed $4.2 billion in cumulative DEX volumes per DeFiLlama data. Most of these volumes are coming from meme coins like CASHCAT, which have outperformed Bitcoin and the broader crypto market after gaining by 8,000% between July 1 and July 13.

The gains seen by CASHCAT have seen the total volumes of Robinhood Chain meme coins reach $640 million per CoinGecko data. This is higher than the $349 million in volumes posted by Solana meme coins.

CASHCAT now dominates a 59% share of the total market cap of Robinhood Chain meme coins that stands at $233 million.

Still, because Robinhood Chain is a fairly new blockchain, new meme coins continue to launch on the network every day, as creators and traders seek to maximize on the hype surrounding it. These new launches are not only bullish for Robinhood stock but also these new coins.

DEXScreener now shows two tokens with the potential to post the same gains as CASHCAT and other top gainers on Robinhood Chain, and these include JUGGERNAUT and FOX.

JUGGERNAUT Soars 55%, Market Cap Surpasses $13M

JUGGERNAUT currently ranks as the second-biggest token on Robinhood Chain with a market cap of $13.4 million. Analyst Drallio on X notes that it is the “closest bet” to CASHCAT and the market cap could reach $100M.

DEXScreener shows that the JUGGERNAUT meme token has 2,747 holders, while its trading volumes for today, July 13, stood at $6.2 million.

This meme coin was also up by 59% today, July 13, while CASHCAT price was down by 19%. The gains come as Robinhood Chain hits 7.6M daily transactions.

This divergence suggests that traders could be rotating from CASHCAT to other performing meme tokens on Robinhood Chain like JUGGERNAUT.

JUGGERNAUT is facing resistance at $0.015. A move above this obstacle at $0.015 could see the meme coin target the July 10 high of $0.021.

However, failing to close above the psychological resistance of $0.015 could cause panic selling, and the price could drop to the support at $0,010.

The ADX line that is rising suggests that the uptrend is strong. Hence, JUGGERNAUT could mirror CASHCAT’s early-day gains if buying pressure remains high.

FOX Token Extends Gains Despite Cooloff

Data from CoinGecko shows the total market cap for tokens on Robinhood Chain has dropped by 31%, but Robinhood (FOX) has defied this trend with a 50% gain today, July 13.

FOX now has a market cap of $855,000 per DEXScreener data, with trading volumes standing at $561,000.

However, FOX is among the most volatile tokens on Robinhood Chain because it has only 891 holders compared to CASHCAT, with more than 5,000 holders.

Still, it has the potential to become the next CASHCAT because the positive MACD line suggests that the momentum is still favoring bulls despite the market cap of other Robinhood Chain meme coins dropping.

This meme coin faces psychological support at $0.0005, and a move below that price could invalidate the bullish thesis.

But if buying pressure remains strong, FOX could move to the resistance level of $0.0010.