CAT Surges 9% But Expert Says Consider This New Meme Coin for 29x Gains

adminSeptember 3, 2024

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Simon’s Cat price has surged 9% over the last 24 hours to $0.00002398 as of 3:15 AM ET, with volume up 6% to $54.6 million.

The popular meme coin has been on an upward trend since August 30, initially dropping to the $0.000018 support level. The token’s price has fluctuated over the past few days, but the overall trend has been bullish over the past five days, with Simon’s Cat outperforming many other cryptocurrencies, including altcoins from the meme coin sector and other altcoins.

The project shared a post on X on August 31st, predicting that CAT tokens would be acquired in September.

The price surge on August 30th began after the CAT token was listed on Coinstore, one of the leading cryptocurrency exchanges in Asia and the world.

🔥 New products have been registered on COINSTORE 🔥
👏Welcome: @simmonscatmime $CAT👏
⏰ Trading Time: 2024/08/30 11:00 (UTC+8)
👇Check out this space for more info👇
🌎 Official website: https://t.co/SC5neVqmFa
👩‍👦 Official Telegram: https://t.co/Iy2x2Z8Nvu pic.twitter.com/mZcECfWIxc
— Coinstore (@CoinstoreExc) August 30, 2024

However, the growth was halted by resistance at $0.000025, not for the first time in the past few days. Going forward, traders should keep a close eye on the project and monitor for buying opportunities.

Simon’s Cat Price Prediction

After reaching and briefly breaking through the resistance level of $0.000025, the price of the CAT token has been rejected at its current value. However, there are several technical indicators that suggest that the token could soon see another price surge.

The first hint of this is that CAT saw a fairly sharp price drop as traders quickly moved to sell the surging meme coin. They rushed to take profits, pushing the Relative Strength Index (RSI) value into the oversold zone at 27.95.

This opens up a huge buying opportunity for day traders, who are likely to start buying when the price drops, which in turn will create demand and push the CAT price up again.

Simon's Cat Price Prediction

The token’s Bollinger Bands are still relatively wide, despite the price pushing the lower band lower. However, this could change soon. The only question is whether the token will develop enough momentum to break through the $0.000025 resistance this time, or whether the barrier will stop the advance again.

A promising alternative to Simon’s Cat

Simon’s Cat is likely to recover in the coming hours, but the token is currently in freefall, making it risky to buy right now. Instead, investors looking for new opportunities may want to consider pre-sale alternatives such as Crypto All-Stars (STARS).

This is a relatively new cryptocurrency that has been in pre-sale for a few weeks, but has attracted a lot of attention from investors and experts during this time.

While many people have already bought the tokens, raising over $928,000 so far, some are waiting to see if demand will build before getting involved.

The current STARS pre-sale is approaching its first million, and many expect whales to start joining the ICO. The token promises to revolutionize staking in the meme coin sector by inventing a completely new staking smart contract called MemeVault.

Unlike typical staking smart contracts that allow users to stake the native cryptocurrency of an individual project, MemeVault allows users to stake all major meme coins including STARS and Dogecoin, Pepe, Floki, Brett, Milady, Turbo, and more.

So this project aims to be at the center of meme coin staking, and the technology can easily grow to include more meme coins or potentially all cryptocurrencies one day.

This is the charm of Crypto All-Stars and why the ICO has exploded. It is also why many investors are considering buying STARS tokens now, when they are still in the early stages of the pre-sale and the price is only $0.0014191. STARS can be purchased with ETH, BNB, USDT or credit/debit cards.

Another thing to note is that ClayBro, a cryptocurrency expert and popular YouTuber with over 130,000 subscribers, speculated that Crypto All-Stars could surge up to 29x after launch.