Looking back, most people wish that they were smart enough to get into Dogecoin or Shiba Inu back when few people knew about these meme coins. Today, it appears that there are new meme coins that are likely to replicate the same incredible returns as those top performers. Today, many crypto experts think that Catecoin could likely become the next Shiba Inu. Looking at the early performance of Catecoin, it does have some incredible similarities to Shiba Inu's incredible rise. Here, we will look at how Catecoin's early day adoption is match Shiba Inu.
The first thing that you should notice is name recognition. In less than a year, Catecoin has become the biggest cat-themed crypto project in the entire industry. This matches the fact that Shiba Inu quickly became the dog meme coin of choice just after Dogecoin. Additionally, Catecoin is the only cat-themed meme coin that is currently listed on major exchanges. The fact that Catecoin has become synonymous with cat memes shows that this project has some incredible upside potential.
While many coins have been cut by 50% or more during the crypto bear market starting in 2021, Ctecoin has bucked the trend with a 400% return that matches the performance of Shiba Inu back in 2019. Some experts believe that when the next bull market in crypto arrives, Catecoin could see a 100x return much like Shiba Inu during the blow-off top in the crypto market back in early 2021.
Like Shiba Inu, Catecoin has been created to survive over the long haul. Both projects have been created with excellent tokenomics in mind. For instance, Catecoin has already burned 15% of its supply, making it a truly deflationary meme coin.
Finally, both Catecoin and Shiba Inu have strong project managers and community investors. We have seen several major Dogecoin, Shiba Inu, and BNB whales pour into Catecoin. When the average investor begins to understand the potential of Catecoin, the meme coin's potential returns could be astronomical.
Catecoin is likely to replicate the incredible performance of Shiba Inu during the next bull market. That could lead to 100x returns in a short period. If you would like to learn more about Catecoin, be sure to visit the project's official website at Catecoin.com.
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