Catecoin with CatPay token is set to beat DOGE and Shiba Inu

The cryptocurrency market has grown tremendously over the past year, and the number of coins listed on CoinMarketCap continues to rise. If you search the number of cryptos listed on CoinMarketCap, you'll be surprised by the total number of coins: more than 18,000 of them! For sure, you know only a few of them.

The enormous number of cryptos shows an interest in this technology, and many users are looking for alternatives to Bitcoin and other top 10 coins. However, with so many options to choose from, it cannot be easy to know which cryptos could be a perfect choice for investment.

When it comes to cryptocurrencies with meme-based origins, you might think that Dogecoin is the only game in town. Wrong! There's one more cryptocurrency you need to know about: Catecoin. The new crypto in the town, i-e, Catecoin (CATE), satirically brought cats to the cryptocurrency world and could be the perfect alternative to the top cryptos.

Catecoin is positioned as the potential rival to Dogecoin and Shiba Inu, but it has also performed exceptionally well in the crypto market. The cat theme-based meme coin launched less than a year ago and has given up to 2900x returns in just three months of its launch. These high returns have helped Catecoin attract more investors and further nourished the token to propagate rapidly.

Catecoin, a cat-inspired meme coin, hasn't taken long to dominate the market. As per its original roadmap, Catecoin aims to see itself in the top 20 cryptos in the coming time. That is not just it. The crypto has been pacing up its strategies to give tough competition to Dogecoin and Shiba Inu.

At present, Dogecoin entitles to the 12th position on the chart of top cryptos and enjoys Elon Musk's advocacy. Shiba Inu, launched in August 2020, emerged into popularity as the Doge killer. However, in 2022, Catecoin snatched that title from Shiba Inu.

The reason behind this claim is that Catecoin has come up with many utilities that are the WOW factors about it. Catecoin, if compared to Dogecoin and Shiba Inu, comes with added excellence, which can overtake both of the dog-based meme coins.

Here's how Catecoin is a tough competition to Doge and Shiba

Catecoin has turned out as one of the most promising cryptos in the market, making Cate Vs. Doge fights a sensation. Catecoin offers plenty of opportunities for the users for earning some real money. The cat-themed crypto has introduced many facilities for the users, including content farming, and NFT marketplace, a proprietary game called The Rise of Cats, and more. Additionally, there are passive streams of income on the platform that help the user earn some money.

One such passive stream is staking or storing the cryptos such as Catecoin, Shiba, and Baby Doge in the Catecoin wallet, which gives you 15 percent APY (Annual Percent Yield). Also, for transactions made through the Catecoin wallet, 2 percent of the transactions are redistributed to users on the platform.

Catecoin additionally launched the CatPay reward token just a few days ago. The CatPay token can be earned by playing The Rise of Cats games. CatPay tokens can be used either on making purchases in the game or as a mode of payment on supported decentralized apps (DApps). With this move, the CatPay token will have a straight competition with the Smooth Love Potion Token offered as a reward in the Axie Infinity game.

As new crypto, Catecoin has made several significant announcements over the past few months that have excited users in both their platform and beyond. Connect with Catecoin on its Twitter handle to stay updated with the upcoming announcements.