Catslap, a new meme coin, has jumped 2000% in 48 hours

Catslap is the new cat coin in town. The feisty feline’s quirky narrative and solid tokenomics make it the next potential meme coin to watch. The coin offers a low market cap entry point for investors. Catslap aims to compete with established cat coins like Popcat and Mogcoin. The project focuses on fair tokenomics and community rewards. A crypto influencer suggests Catslap could see a 50x increase in 2024

Popcat (POPCAT) and Mogcoin (MOG) are cat coin kings. While POPCAT boasts a lifetime surge above 7000%, MOG has recorded a 15000% jump since its launch.

MOG is closing in on a $1 billion market cap, and POPCAT has already crossed the milestone. As popular as they are, these cat coins are close to hitting their saturation points. It is unrealistic to expect them to replicate their past performance.

They could generate gains, but wild pumps are the forte of new meme coins. That turns the spotlight to Catslap.

Catslap (SLAP) is the new feline in town. The new Ethereum-based meme coin recorded a 2000% jump in just 48 hours of listing.

As the name implies, Catslap is ready to slap anything that gets in its way. This quirky narrative, paired with solid tokenomics drives the $SLAP narrative.

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Catslap had a fair launch on Uniswap. Right from the beginning, the token price is determined by market demand. There were no presales, early investor perks, or insider deals. That means new investors have a fair shot at returns. The direct listing also minimises risks like market price manipulation by whales.

Here’s how the $SLAP tokenomics is broken down:

50% goes to liquidity. The allocation ensures smooth trading even during volatile market rallies.
20% is allocated for passive rewards.
10% is reserved for community incentives.
10% is earmarked for development.

Additionally, the team has vested 10% of the total supply for 10 years. The decision demands long-term commitment from the team. To earn returns, they have to work behind the project consistently. There are no shortcuts.

What gives Catslap the edge

Meme coins are considered to be silly. Still, they make fortunes for lucky investors. Dog coins of various breeds have dominated the meme-coin market for a long time. However, things are changing, as the 2024 trends show.

Meme coin investors are welcoming new meme coins with bold themes. As dog-themed coins like Shiba Inu and Dogecoin reach saturation, cat coins are rising in popularity.

Catslap joins the list of cat coins like Popcat and Mog Coin. However, it has a sharp edge against its more established competitors.

First is the lower initial market cap, which leaves more room for returns. High-cap tokens such as Popcat have already ballooned up to a market cap of around one billion.

Catslap offers a low-cap entry point, which gives it upside potential. For instance, Catslap had a market cap of just $10 million market cap at the time of writing. If it explodes above $100 million, early investors could book returns close to 1000%.

When it comes to Popcat, on the other hand, the targeted market cap should be over a massive $10 billion. Even Pepe, the world’s third-largest meme coin, has a market cap under $10 billion. That limits the growth potential of top cat coins and turns investors’ attention to newcomers like Catslap.

However, by that logic, all new meme coins should be on investors’ radars. So what makes Catslap stand out?

Fair tokenomics, community rewards, and aggressive marketing plans make $SLAP a crypto not to miss.

The project just burnt 25,000,000 $SLAP tokens, reducing the supply permanently. Capitalising on the inverse relationship between price and supply, the value of $SLAP tokens could gain strength in the coming weeks.

https://x.com/CatSlapToken/status/1863417843334713352

The team plans to launch extensive community programmes and marketing campaigns over the next few weeks to drive traction to the coin. Since the bull season is expected to power up early into 2025, Catslap could tap into the unfolding crypto craze.

Timing is key

$SLAP tokens are available on decentralised exchanges like Uniswap. The project has also joined forces with Best Wallet to secure the purchase process. The non-custodial wallet is popular for its advanced features.

$SLAP supports purchases using ETH, USDT, or even a bank card. The token has undergone a security audit by Solidproof.

According to crypto influencer Michael Wrubel, who has a community of over 300,000 members on YouTube, “Catslap can 50X in 2024”. Can a new meme coin with a silly game explode 5000%? That seems like a wild target.
However, it is worth noting that Catslap’s current market cap is under $15 million. It just launched. If the meme coin community celebrates it like Popcat or Cat in a Dog’s World, the coin could soar.

Visit the Catslap (SLAP) website

Name: Catslap
Email: [email protected]

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This story originally appeared on: India Times - Author:Faqs of Insurances