CateCoin (CATE) is doing the cat walk as it skyrockets by over 250% amid the crypto market’s bizarre movement. Its steady, but slow gains show how much low-market cap coins can grow and offer you incredible rewards.
Prices Rise by 16.63% at CATE
CoinMarketCap says that CATE is on the rise, with its value increasing by 16.63% (0.000001057). CATE’s price has risen more due to increased trading activity and social media hype.
According to the technical analysis of the weekly price charts CATE continues its upward trend as it passes the third consecutive green candle. CATE recently surpassed the resistance zone of $0.000000714 & $0.000000779, which has been made into support zones.
CATE managed to surpass the $0.00000103 resistance for a little while, but now has retraced.
CateCoin’s volume has been a boon. Also, CATE has the potential to break out on the upside and is forming into a bull flag pattern. CATE could revert to $0.000001 if it maintains its price momentum.
CATE could also switch to bearish mode. This would cause CATE’s bull flag to go down, triggering bearish reversal momentum. It is doing better than most cryptos because it has been able bounce off the support zone. This was evident by the correction made at the Fibonacci level of 0.236.
CATE’s price could rise to $0.0000013 if it can keep its momentum. However, all of these will depend on Bitcoin’s performance because the king of crypto influences how the other meme coins perform and behave in the market.
CATE offers more value than other meme coins
CoinMarketCap shows that CATE currently has $29 Million in market capital. CateCoin’s value will increase by 10-20x with consistent, higher traction.
CATE, the meme coin is unique in that it allows meme creators to earn NFTs from their memes.
CateCoin has been referred to as the strongest meme coin on the market at the moment. CateCoin has so many things to offer, it even surpasses other meme coin’s value.
Cate offers gaming, NFTs and mobile wallets. The best part about CATE? Long-term investors can earn up to 15% in APY when they stake. Investors also get 2% of transaction fees.
Crypto market cap total at $1.06 trillion according to the daily chart. Source: TradingView.com| Source: TradingView.com
Featured Image from Zee News. Chart from TradingView.com