CatSlap Goes Live on MEXC - Is It The Next Big Cat-Themed Meme Coin?

Exciting new meme coin CatSlap launched on MEXc on Friday and there is a lot of hype so we decided to examine what is making this cat meme so popular. Sponsored

Understandably, the attention over the last few days has been about Bitcoin ($BTC) hitting $100k. It was the day crypto enthusiasts had been waiting on for over a decade. However, with the crypto market, you cannot afford a moment to stop and congratulate yourself, you need to be thinking about what’s the next move. Savvy investors were already moving on.

We saw Bitcoin plummet below $95k soon after it had briefly reached a figure above $103k. One of the reasons this happened was investors were selling off some of their $BTC in order to invest in the altcoin market to diversify their portfolios. One token that seems to be the target of this is CatSlap ($SLAP). The cat coin was one of the biggest earners on Friday.

The meme coin started trading on top meme coin trendspotter MEXC at 1 pm UTC, Friday, December 6th, and the hype is really growing. Let's see why.

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CatSlap- is the time of pup and frog dominance coming to an end?

The meme coin market has been fascinating to observe in 2024. As early as last summer it felt like the meme coin sector could be written off as a failed experiment but nothing could have been further from the truth and we have seen that in 2024.

There has been a huge evolution in the meme coin sector and it has led to incredible growth. It has been the crypto sector that has experienced by far the most growth this year. A record number of new meme coins have also been launched, smashing previous records.

What we have seen is a new versatility in the market. Tokens are no longer one-dimensional high-risk/high-reward projects with lots of volatility. We have seen valuable utility added to projects and other kinds of memes come to the fore. CatSlap ($SLAP) is the perfect example of both of these factors coming together to create a successful meme coin.

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Is this the cat meme that takes cats to the forefront of the meme coin sector?

Since the dawn of the meme coin market pup memes have dominated the landscape. In 2023 and this year frog memes have started to break that dominance. Now, we have cat coins that might be able to pass both of these.

At this moment we have two cat meme coins in the top 10 on CoinMarketCap. Popcat ($POPCAT) and Mog Coin ($MOG) have helped break the dog and for dominance. Now, we think the baton is about to be passed to CatSlap and it will be able to even pass these two cat coins and break into the top 5 meme coins.

CatSlap was a fair launch token that was listed at the end of November. We always like when coins do this as it means the same entry point for everyone. After its initial launch, it pumped before having a bit of a down period. Now, however, it is back as one of the biggest meme coin gainers. It is up over 150% in the last 7 days and on Friday pumped by 20%.

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With so much going on, there is something for every meme coin investor

There is just so much going on with this project that is what we think investors will love. For example, just one look at the presale site and you will be overwhelmed with the amount of fun memes and gifs of this ferocious feline slapping all around it.

The project also runs a slap-to-earn P2E game. The way they do this is to create some competition between countries. Every time you throw a slap with your feline your country will gain a point on the slapometer. You even get rewards for doing this fun and simple task.

The project also understands the importance of scarcity when it comes to long-term gains. $SLAP tokens are burned as the Slapometer count increases and every day as people unstake their tokens early! That means great things for the long-term price of $SLAP.

As you can see this is a project that has something for everyone. It perfectly blends virality with the utility of a P2E game. They even threw in token burning just to put the icing on the cake and like any other good meme coin project these days you can stake $SLAP for rewards. The APY currently stands at 40%.

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Conclusion

As you can see from our analysis, this is a meme coin with huge potential. December is normally a strong month for crypto and we can see the meme coin market getting a lot of attention. CatSlap is already pumping but we expect this to continue.