Over the past year, we have seen a number of crypto coins become essentially worthless. All of us can remember what happened to the horrid Squid Game token which lost tens of billions of dollars of investor value after the creators pulled the rug on the project. We also saw what happened to Terra Luna which evaporated billions of dollars overnight. Therefore it is important to know whether a cryptocurrency project is properly protected from going to zero.
Some investors may think that the Squid Game and Terra Luna token are isolated incidents. The sad truth is that 99% of crypto coins are not properly protected from going to zero. For instance, the Elon Musk-backed Dogecoin can easily become worthless if it doesn't have a tax function that allows it to generate money from each transaction. Most investors don't know this. In a prolonged crypto winter, we could have more crypto coins become completely worthless.
The fast-rising cat-themed meme coin Catecoin is designed to be resilient during any market condition. That's thanks to its built-in tax function. Catecoin charges a 2% transaction fee. This allows the meme coin to always generate an income whether investors are buying or selling the crypto coin. The result is that the meme coin always has the liquidity to survive. This is why Catecoin is becoming the meme coin of choice for more and more investors.
The programmers of Catecoin have planned for all market conditions. That's why we are seeing more large Shiba Inu, Dogecoin, and BNB whales pouring into Catecoin. We expect to see Catecoin become one of the fastest rising meme coins during the next crypto coin bull market. How high can Catecoin go? In the past, popular meme coins have risen 100x in a matter of months. Therefore, it may not be surprising to see Catecoin follow a similar trajectory.
One of Catecoin's many advantages is that it can never go to zero. This is something to keep in mind during the unpredictable gyrations of the crypto market. If you would like to learn more about Catecoin's various advantages over other meme coins like Dogecoin and Shiba Inu, be sure to visit Catecoin official website.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.