Sunday 7 August 2022
Home / none / Meme Coin CateCoin Silently Balloons Over 250% – Time To Buy CATE?

Meme Coin CateCoin Silently Balloons Over 250% – Time To Buy CATE?

CateCoin (CATE) is doing the cat walk as it skyrockets by over 250% amid the crypto market’s bizarre movement. The slow yet steady gains of CATE shows how low market cap coins can advance and give decent rewards.

Related Reading: Polkadot Loses Steam As DOT Sheds 10% After Weekly Gains

CATE Pumps Up Price by 16.63%

According to CoinMarketCap, CATE meme coin is rising steadily as it pumps the price by 16.63% or 0.000001057. More so, CATE has spiked in price triggered by the increase in trading activity and hype coming from social media.

Judging by the current technical analysis on the weekly price charts, CATE is soaring as it consistently edges through the third straight green candle. CATE has recently been able to outrank the $0.000000714 and $0.000000779 resistance zones which have been turned into a support zone.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Accordingly, CATE was able to breach the $0.00000103 resistance level for a bit there but has now retraced.

No doubt, CateCoin is extremely bullish especially as it racked up in terms of volume. CATE is also shaping up into a classic bull flag pattern with the potential of breaking out seen on the upside. If CATE can keep this price momentum going, then it can revisit $0.000001.

Related Reading: ADA Up 22% In Last 7 Days; Remains On Track To Test $0.6 Barrier

Another scenario is if CATE switches into bearish mode and lose its bull flag precipitating a bearish reversal momentum. CATE coin is performing way better than other crypto as it was able to bounce from the support zone as shown with its correction on the 0.236 Fibonacci level.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Get 110 USDT Futures Bonus for FREE!

If CATE can maintain its traction, its price can shoot up to over $0.0000013 at the end of this year. However, all of these will depend on Bitcoin’s performance because the king of crypto influences how the other meme coins perform and behave in the market.

CATE Consistent Traction May Push Price Higher

According to CoinMarketCap, CATE has a very low market capital of $29 million. With that being said, increased and consistent traction will lead to a pump in value to as much as 10x to 20x for CateCoin.

In a space dominated by dog meme coins, CATE is the first-of-its-kind meme coin that enables meme creators to create and earn from NFTs.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

Right now, CateCoin is depicted as one of the most powerful meme coins in the market. CATE has so much to offer that encompasses the value of other meme coins.

cate offers NFTs, gaming, mobile wallet, and Dapps. More so, one of the selling points of CATE is that long-term investors can easily generate up to 15% APY when they stake and 2% of the transaction fees are dispersed to investors.

Crypto total market cap at $1.06 trillion on the daily chart | Source:     Featured image from Zee News, chart from

Original Article

About Sean Patterson

Check Also

Top 5 cryptocurrencies to watch this week: BTC, FLOW, THETA, QNT, MKR

The United States jobs data on Aug. 5 was above market expectations, indicating that inflation has not cooled down. The strong numbers reduce the possibility that the U.S. Federal Reserve will slow down its aggressive pace of rate hikes. After the release, the likelihood of a 75 basis points hike in September has risen to 68%, according to CME Group data. However, analysts at Fundstrat Global Advisors have a different view. They highlighted that three out of six times, the S&P 500 bottomed out six months before the Fed’s last rate hike. Therefore, the firm anticipates the S&P 500 to witness a strong rally to 4,800 in the second half of the year. Crypto market data daily view. Source:Coin360If the tight correlation between the equities markets and the cryptocurrency markets maintain, the recovery in the crypto markets may have some more room to run. On-chain monitoring resource Material Indicators said in a Twitter update on Aug. 5 that if Bitcoin (BTC) rises above $25,000, there is no ..

Leave a Reply

Your email address will not be published. Required fields are marked *