Many people are familiar with the popular protocol token LUNA and its role in reducing the volatility of the Terra stablecoin. However, more and more crypto investors are taking a look at the faster-growing meme coin Catecoin as the next big potential winner. Let's take a look at why Catecoin may offer continued faster growth versus Terra Luna.
During the past bull market, the 100x winners did not come from established coins such as Bitcoin, Ethereum, or Cardano. Instead, it was smaller meme coins such as Shiba Inu and Dogecoin which provided life-changing wealth. The same will likely be true during the next bull market run. Taking a look at Terra Luna and Catecoin's market capitalizing, we can see that Terra Luna is currently 20 times larger. With a current market cap of just $30 million, Catecoin has the potential to make early investors some incredible returns.
In addition to being larger, Terra Luna has also been around longer. That means that the coin is later in its maturity cycle. The major investors who wanted to pour their money into the protocol token have already done so. The same can not be said about Catecoin. We have only seen a handful of whales invest in the meme coin. During the next bull run, we may see the retail investor discover the meme coin. This is where the exponent growth may likely occur.
Terra Luna only serves one purpose – it is designed to reduce volatility to one specific stablecoin. However, Catecoin offers many utilities which can justify a higher value. Right now, Catecoin can be staked with a 15% APY rate. Also, token holders can enjoy a share of the 2% transaction tax. Finally, Catecoin is part of the recently released play-2-earn game, crypto wallet app. In the future, Catecoin's project creators may find even more ways to put the meme coin to use.
The next crypto bull run will bring some major surprises. That could include Catecoin becoming the meme coin of the moment, supplanting Shibu Inu or Dogecoin. It will be interesting to see the growth potential of Catecoin over the next few years.
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