2024-12-11 14:03 |
Dogecoin (DOGE) and Shiba Inu (SHIB) are struggling to hold their support levels.
Currently, we’re seeing DOGE trade at about $0.396, and SHIB is approximately $0.00002721, with minor ups and downs in the last 24 hours (per CoinGecko).
Both have seen dips recently, which has pushed investors to look at new opportunities, such as emerging meme coin presales.
Meanwhile, CatSlap ($SLAP), a new cat-themed meme coin, recently saw a rapid rise with its unique approach and strategic feature set
Let’s take a closer look at what’s been going on.
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Can SHIB and DOGE Regain Momentum or Will This New Cat-Based Token Overthrow Them?As of December 10, 2024, Dogecoin (DOGE) is trading at approximately $0.396, reflecting a 7.8% increase over the past 24 hours.
SHIB is in a similar position, with resistance at $0.00003 and support at $0.000025. These established coins have hit a rough patch, with selling pressure outweighing buying interest right now.
Shiba Inu (SHIB) is trading at approximately $0.00002696, which reflects a 10.7% increase over the past 24 hours.
As for price predictions, Analyst Michael Abetz, for instance, suggests DOGE could reach $10. He cites that increased adoption and market dynamics could play a role after Trump’s election win.
Moving on to SHIB, Crypto analyst Javon Marks predicts a 342% surge for SHIB and mentions a breakout from a falling wedge pattern.
High leverage in the market has taken a toll on traders, triggering substantial liquidations. Over $108 million in leveraged positions have been wiped out, with DOGE accounting for a staggering $96 million of that total.
As a result, investors are looking for the next big thing in crypto and there are numerous opportunities that may be interesting – especially in the meme sector.
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CatSlap’s Meteoric Rise – From Launch to Major ListingsLaunched on November 21, 2024, CatSlap ($SLAP) introduced a playful concept where users engage in a slapping game where they earn points and rewards. This approach quickly attracted a large user base, which led to over 433 million slaps recorded in the game.
The project’s popularity surged and culminated in its listing on MEXC, the 10th largest global crypto exchange by volume, on December 6, 2024.
After the announcement, CatSlap saw a 250% surge over the weekend.
To build on its viral success, CatSlap launched a ‘slap-to-earn’ version of its game, funded with a $100,000 USDT prize pool and millions of $SLAP tokens.
Participants can earn points with each slap and climb the game’s leaderboard for a share of the prize pool.
The top 10 slappers split the $100,000 prize pool, earning $10,000 each, while others on the leaderboard receive $SLAP tokens.
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Strategic Partnerships and Community Growth Could Play a Big Role in the Future of CatSlapCatSlap’s partnership with Best Wallet, a Web3 crypto wallet with over 100,000 users, has also increased its reach.
The wallet’s ‘Upcoming Tokens’ feature includes $SLAP and makes it easily accessible for purchase and staking. Users can buy $SLAP through Best Wallet or CatSlap’s official website using ETH, USDT, or credit cards.
Staking $SLAP for 12 months offers a 40% return on deposit, which leads to long-term holding.
The project’s community has grown rapidly, with over 11,000 followers on X and more than 2,000 subscribers on Telegram.
It continues to build momentum with plans for additional exchange listings. A major announcement is expected in the coming days, rumored to potentially be another Tier-1 centralized exchange listing.
This strategy aims to increase liquidity and attract a broader investor base. The project’s fully diluted market capitalization has reached $22 million, with $5.4 million in liquidity locked for six months to encourage long-term investment.
CatSlap has also implemented token burns and buybacks (burned over $1 million worth of $SLAP tokens) and conducted buybacks totaling more than $597,000.
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The Bottom LineDogecoin (DOGE) and Shiba Inu (SHIB) remain key players in the meme space but they are facing challenges.
Meanwhile, CatSlap ($SLAP) could capitalize on this shift with its robust features and rapid growth.
Its playful “slap-to-earn” game, strategic exchange listings, and strong community engagement make it an opportunity that may be worth keeping an eye on.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
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