CATS Price Surged 690% Earlier In The Day: What’s Pushing This Rally?

08 Oct, 2024 Updated 08 Oct, 2024

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Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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CATS Price Surged 690% Earlier In The Day: What's Pushing This Rally?

CATS price had its biggest rallies earlier in the day. It witnessed a 690% surge despite the slower pace of the crypto market, shocking the investors who missed out on this token. CATS is a popular cat-themed coin in the market, which is new yet in demand after its competitors, like DOGS, became popular. However, this price rally has not sustained throughout the day and has slowed down on the charts, but the earlier gains of this meme coin are still relevant.

Why CATS Price Surged 690% Today

CATS is one of the most popular meme coins, and it is primarily based on the TON blockchain. However, despite the demand, the token had slower days until today to exhibit its best performance. As a result, the CATS price surged 690% earlier in the day, growing to the ATH of $0.0007238 with $106063.21 in trading volume, explaining this token’s high demand.

On further analyzing the charts, the trading volume has increased 13-fold within a few hours and is still high. This surge was the result of the many popular crypto exchanges that began listing the token. It includes the listing on the Bybit, KuCoin, Bitget, Haskey, and many others.

💥World Premiere💥

📢 New Listing@Cats_telegram $CATS Gets Listed on #KuCoin!

💎Pair: CATS/USDT
💎Deposit: now open (network: TON-Jetton)
💎Trading: 10:00 on October 8, 2024 (UTC)

— KuCoin (@kucoincom) October 4, 2024

Additionally, its connection with Telegram is continuously boosting this token among investors. In the last few months, Telegram-based game tokens, especially meme coins have been continuously trending and grabbing investors’ attention. It includes the popular Hamster Kombat game, which has bagged more than 300M users within a few months.

However, the HMSTR price is still struggling and is below the $0.1 mark, disappointing many. This token is down on charts after its airdrop went live, causing high volatility issues. The same might come true for the CATS token price, as the CATS airdrop Season 2 has already been announced, and the first one is in progress.

Will The CATS Price Rally Sustain?

CATS price rally peaked around 11 hours ago, as it grew from $0.00014141 to $0.0007238 within a few hours. However, this rally has long passed as the price has been down by 84% ever since then. Moreover, at the time of reporting, CATS is trading at $0.0000814 and is continuously moving downwards following a high selling pressure on the token.

It is presently at the lowest point of the day, losing all the gains after the volatility surrounding the token as the game players began withdrawing their Season 1 airdrop tokens. This sudden drop after the heavy gains is much more disappointing as the holders had high expectations.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.