Story: Emerging crypto- CateCoin (CATE) ; 01-11-2022;
Emerging cryptocurrencies in 2022- Catecoin (CATE).
• The coin enjoys a twitter community consisting of 75.7K Followers.
• The CateCoin has an Instagram community of over 3K followers.
Here's what CateCoin's official Twitter accpunt shared today:
Is CateCoin a good investment option in 2022:
The official website for the CateCoin says it was launched with the intention to add real value to the meme world. The Catecoin Meme Platform enables meme creators to create NFTs and earn with their memes in a decentralized way.
The meme coin is self-proclaimed the ultimate meme coin, and consider itself as direct competitor with the Dogecoin and the Shiba Inu coin, which both uses Shiba Inu dog as the mascot or has the logo of the dog. While the CateCoin flaunts cat as their logo and mascot.
Growth possibilities according to the CateCoin:
According to the official website, the CateCoin has 164741 holders, The CateCoin has price $0.00000132 per coin at the time of writing this, according to the official website.
• Catecoin holders can earn 15% APY by staking their $CATE tokens in the Catecoin Dapp. (Stake for a minimum of 31 days; withdrawing prematurely results in a 20% penalty).
• Buying and trading cat NFTs in the Catecoin Marketplace.
• The coin also allows its holders to earn more coins with Play To Earn game called the 'Rise of Cats'.
• Earn $CATE by just holding Catecoin in your wallet. 2% of every buy and sell transaction is distributed to Catecoin holders.
• The official website says the coin has total supply of 100 Trillion.
• Exchanges that offer Catecoin includes PancakeSwap, HotBit, Bilaxy, and others.
The Catecoin (CATE) saw its highest peak last year with “Rise Of Cats” Play To Earn NFT Game, the coin achieved 8000% growth, in few weeks of the launch.
The coin has an all time high with value of $0.00000785 .
Meme into NFTs:
the platform also allows users to turn their memes into NFTs. However, there is a barrier to entry for making memes on the platform. Users must hold at least 5 million tokens to be eligible for posting.
The big question is the CateCoin worth your investment in 2022 and for the future, well the answer is simple nobody could exactly predict the future of any cryptocurrency be it CateCoin or any other cryptocurrency.
CateCoin currently is dipping alongside the entire crypto market, while currently the coin does not possess good solid community backing it, like the Shibarmy for Shiba Inu and Dogearmy in case of Dogecoin.
The coin does have a solid pipeline though, consisting of many future-proof techs such as NFTs and Play to Earn. Overall, the coin has to go a long way, until it could make it to the moon.