Catizen Price Prediction: $1 Rally At Risk as Airdrop Shift Sparks Transparency Concerns
Highlights
- Catizen price is holding steady above $0.66 support, with the possibility of challenging the $0.95 resistance amid Binance listing.
- Growing dissatisfaction over the CATI airdrop allocation could intensify selling pressure.
- The CATI price shows a sideways trend between $0.95 and $0.66 horizontal levels.
Telegram-based play-to-earn game Catizen has surged in popularity recently after a huge airdrop event and controversy surrounding the project. This article focuses on Catizen price prediction and a potential bullish outlook for CATI ahead of a major exchange listing. Will CATI holders be shocked or disappointed?
Catizen Price Prediction: Will CATI Thrive on Binance Despite Community Backlash?
Catizen (CATI) is a Web3-based gaming and social entertainment platform integrated into Telegram using The Open Network (TON) blockchain. The CATI token of Catizen is set to be listed on the leading cryptocurrency exchange, Binance, on September 20, 2024, at 10:00 UTC, with several trading pairs.
While the upcoming listing sparks a bullish outlook for Catizen price prediction, the project faces significant backlash on social media platforms amid the change in its ongoing airdrop allocation.
The crypto analyst Gautamguptagg recently highlighted the CATI airdrop, which was intended to reward contributors based on engagement metrics, has shifted investment-based allocation.
The tweet highlights, “- Master level members who didn’t spend got 30-40 tokens, while Gold members with just $10 investment got 40-60 tokens.”
The analyst further emphasized the initially promised 43% community airdrop was reduced to 34% as the remaining 9% to Binance’s Launchpool. Furthermore, the team divided the airdrop into two seasons without any prior mention in the whitepaper, raising concerns over the lack of transparency.
Adding to the controversy, Gautam added, “They allocated 20% of the supply to the team, which is more than the S1 airdrop supply (15%). Plus, IYK treasury supply also benefits the team, so in total, about 35% of the supply goes to the team.”
This controversial airdrop distribution has left early contributors disappointed, as concerns about transparency continue to raise doubts about the project’s future direction
🪂 Catizen $CATI Really MESSED UP , With Their #Airdrop Allocation
🐱 9 Big Mistakes by the Catizen Team (The Team Just Filled Their Pockets) 👇
1. Firstly, they said rewards would depend on CATI speed(VKitty)/Fish Consumption, but now allocation is based on investment.
— Gautamgg.eth/sol 🇮🇳❤️ (@Gautamguptagg) September 15, 2024
CATI Price Signals Impending Breakout
The Catizen price prediction shows a sideways action above $0.66 support in the hourly chart. The neutral candle formation with higher wicks on either side reflects a lack of initiation from buyers or sellers.
If the upcoming listing boosts the investor’s activity, the CATI price could challenge the overhead resistance of $0.95, registering a potential growth of 33%.
On the contrary, if the airdrop allocation controversy accelerates, the sellers could breach the $0.66 line and drive an extended fall to $0.43.
Frequently Asked Questions (FAQs)
1. What is the current Catizen (CATI) price prediction?
2. What is the role of the team in the CATI airdrop controversy?
3. How could the Binance listing affect the CATI price?
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