Shiba Inu & DOGE's rival CateCoin set to explode? Know price prediction

November 02, 2021 09:49 PM AEDT | By Raza Naqvi

Shiba Inu & DOGE's rival CateCoin set to explode? Know price prediction — Image source: © Hello6373 | Megapixl.com

What is CateCoin?

Launched in May this year, CateCoin started adding value to the meme world by allowing meme creators to earn with their memes in a decentralized way.

Developers can use the decentralized finance (DeFi) platform to create memes and reward other meme creators. CATE is the native token of the platform that can be used to pay developers.

CateCoin crypto price prediction

Expressing joy over the increased attention of crypto enthusiasts, CateCoin tweeted that it is now a family of 90,000 holders and is among the top 300 cryptocurrencies in CoinGecko, a crypto platform.

Also Read: EverGrow crypto set to explode in 2022? Know price prediction

As memes are quite popular among youngsters, this space could attract more people in future. Keeping the popularity of non-fungible tokens (NFTs) in mind, the platform also allows users to convert their memes into NTFs.

According to the project's website, meme creators need to invest in purchasing five million CATE tokens to get on the platform to create and post memes. However, as the price of a single CATE token is cheap, it remains affordable for many investors.

Shiba Inu & DOGE's rival CateCoin set to explode? Know price prediction

Bottom line

According to CoinGecko data, the CateCoin crypto clocked an all-time high (ATH) on Tuesday, November 2. It reached US$ 0.00000818 per token and was trading 4.7 per cent lower in comparison at 6 AM EST.

In the last 30 days, the CATE token has soared 8482 per cent, and it could set new highs in future as it continues to witness a bullish momentum.

Also Read: BitUp soars over 800 million per cent in 7 days. Too good to be true?

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