One of the most talked-about meme coins in 2022 has nothing to do with dogs. However, animals do seem to be on the mind of many crypto investors as cats have begun to take over. In particular, the cat theme meme coin Catecoin has seen some extraordinary growth over the past few months with interest from early Dogecoin and Shiba Inu investors.
Major Returns from Early Investors
Some of the earliest investors in Catecoin has experienced a 2900x return, making it one of the most lucrative meme coins of all time. The meme coin is continuing to shows signs of fast growth with over 170,000 buyers since the coin’s launch. Additionally, Catecoin has seen a growth rate of 132% over a recent 14 day period giving the coin over $6 million USDT liquidity. Taken altogether, Catecoin is positioned to be the Dogecoin and Shibu Inu of 2022.
Cat Themed Coins Are Overtaking Dogs in Social Media Popularity
Another reason for Catecoin’s rise in popularity is the fact that crypto investors are looking beyond dog-themed coins. Right now, cats are becoming the “go-to” theme on social media platforms such as Twitter. Because of this cat-themed meme coins such as Catecoin are rising quickly in popularity. Early investors – who tend to be ahead of the curve before major buyers come in – are looking at Catecoin as one of the next big meme coins to explode.
Enhanced utility that Includes a 15% APY Staking Reward
Finally, Catecoin has been programmed with multiple utilities that are not offered by other meme coins such as Dodgecoin and Shiba Inu. Most notably, stakers of Catecoin can earn up to 15% APY. Also, Catecoin will offer a number of uses for play-to-earn, NFT, and metaverse functions. Finally, holders of Catecoin get 2% when the meme coin is used in a transaction. None of these benefits are available for Shiba Inu or Dogecoin holders.
Catecoin in 2022
Catecoin continues to find new interest in 2022. However, it is quite possible that we could see unexpected demand for the meme coin over the next 12 months. If there is an alt coin cycle this year, then Catecoin has a realistic possibility of delivering a 100x return much like other successful meme coins.
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