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Simon’s Cat price is up 9% in the last 24 hours of trading at 0.00002398 As of 3:15 a.m. ET, trading volume was up 6% to $54.6 million.
The popular meme coin has been on a rise since August 30, after initially falling to a support level at $0.000018. Over the past few days, the token’s price has been volatile, but the overall trend has been bullish for the past five days, allowing Simon’s Cat to outperform many other cryptocurrencies, including both altcoins from the meme coin space and those outside of it.
The project predicted its success on August 31, when it published a post on X saying that September would see the CAT token go live.
The price surge began on August 30 after the CAT token was listed on Coinstore, one of the leading cryptocurrency exchanges in Asia and the world.
🔥New Listing on Coin Store🔥
👏Welcome: @simonskatmeem Cat👏
⏰Trading time: 2024/08/30 11:00 (UTC+8)
👇Watch this space to learn more👇
🌎Official website: https://t.co/SC5neVqmFa
👩👦 Official Telegram: https://t.co/Iy2x2Z8Nvu pic.twitter.com/mZcECfWIxc— Coinstore (@CoinstoreExc) August 30, 2024
However, its growth stopped at the $0.000025 resistance level, and this was not the first time in the past few days. In the future, traders should keep a close eye on the project and watch it for buying opportunities.
Simon’s Cat Price Prediction
After briefly reaching and breaking the resistance level at $0.000025, the CAT token price was rejected to its current value. However, there are several technical indicators that suggest that the token could see another price surge soon.
The first indication of this is the fact that CAT saw a sharp price drop as traders quickly moved to sell the bullish meme coin. In their rush to make profits, they pushed the Relative Strength Index (RSI) value into the oversold zone at 27.95.
This opens up a great buying opportunity for day traders, who are likely to start buying on the dip, which in turn will create demand and push the price of CAT higher again.
The coin’s Bollinger Bands are still relatively wide, even if the price is pushing the lower band further down. However, this is also likely to change soon. The only question is whether the coin will gain strong enough momentum to break the resistance at $0.000025 this time, or whether the barrier will halt its advance once again.
A promising alternative to Simon’s Cat
While Simon’s Cat has a strong chance of recovery in the coming hours, the token is currently in a free fall, making it risky to buy it now. Instead, investors looking for new opportunities may consider a presale alternative such as Crypto Stars (STARS).
It is a relatively new cryptocurrency, having only been on pre-sale for a few weeks. However, during this time it has attracted a huge amount of attention from investors and experts.
While many people have already purchased the token, allowing it to raise over $928,000 so far, some are waiting to see if demand will increase before joining.
Currently, the STARS pre-sale is approaching its first million, after which many expect whales to start joining the ICO as well. The coin promises to revolutionize the storage space in the meme coin sector thanks to its invention of a brand new smart storage contract known as MemeVault.
Unlike regular smart staking contracts that allow a user to stake a single project’s native cryptocurrency, MemeVault allows users to stake both STARS and major meme coins including Dogecoin, Peppe, Floki, Brett, Milady, Turbo, and more.
The project aims to put itself at the heart of the meme coin distribution process, and its technology could easily grow to include more meme coins or perhaps all cryptocurrencies one day in the future.
This is the appeal of Crypto All-Stars and the reason behind their ICO success. It is also the reason why many investors are considering Buy STARS Token NowWhile it is still in the early stages of the presale, and is priced at just $0.0014191, STARS can be purchased using ETH, BNB, USDT, or credit/debit cards.
Another thing worth noting is that popular crypto expert and YouTuber ClayBro, who has over 130,000 subscribers, speculated that Crypto All-Stars has the potential to surge 29x after launch.
Visit the official STARS website here.
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