With dog-themed coins like Dogecoin, Shiba Inu, and now Floki Inu on the radar of many traders and investors, it appears that a cat-themed coin has crept in. Catecoin is a cat-themed cryptocurrency that has apparently risen to the top ten most talked cryptocurrency coins on Twitter.
Catecoin vs. Dogecoin vs. Shiba Inu
When it comes to memecoins, there have been no cats in site for a few months. Since the release of the Doge memecoin, a number other coins, like Shiba Inu and Floki Inu, have attempted to imitate the dog-themed coin. The Sandbox NFT’s sales have increased by 600% to $3.8 million.
The top ten coins referenced on Twitter during the first week of November were shared by the Twitter account CryptoRank Platform. Although Bitcoin remains the most often referenced cryptocurrency on Twitter, an unexpected coin named Catecoin has slipped into tenth place.
Check out the 10 Most Mentioned Cryptocurrencies on Twitter within the Week:
1. BTC
Mentioned 2,487,205 times on Twitter
2. SHIB
Mentioned 1,619,026 times on Twitter
3. ETH
Mentioned 694,759 times on Twitter
4. DOGE
Mentioned 531,532 times on Twitter
5. CAKE
Mentioned 424,232 times on Twitter
6. SOL
Mentioned 373,899 times on Twitter
7. SAFEMOON
Mentioned 348,455 times on Twitter
8. FLOKI
Mentioned 256,548 times on Twitter
9. XTZ
Mentioned 242,919 times on Twitter
10. CATE
Mentioned 241,588 times on Twitter
CATE, or Catecoin, is a cat-themed coin meant to compete with DOGE and SHIBA. As per the official Catecoin website, the coin was compared in terms of supply, staking, hold and earn, and usage.
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CATE VS DOGE and SHIBA
- Supply
CATE has a supply of 100,000,000,000,000 or one hundred trillion while DOGE has unlimited supply and SHIB has a quadrillion in supply.
- Staking
Catecoin offers a 15% APY, while Dogecoin and Shiba Inu do not have their own staking options.
- HODL and Earn
With Catecoin, holders will be given 2% of every single transaction, while Dogecoin and Shiba Inu do not have any earning options.
- Usage
CATE was created with a clear usage mainly for being a DeFi meme platform and a gaming platform. While DOGE has no utility, SHIBA did not initially have a platform, developers came together and created the Shibaswap.
Catecoin Tokenomics
Catecoin will apparently be distributed in three parts: 35 percent to the ecosystem and 30 percent to the coin’s liquidity. According to reports, 15% will be set aside for the exchange listing, while 10% would be used for marketing. The remaining 10% is said to be for the team’s future development.
Catecoin is currently apparently accessible on PancakeSwap. Before investing in or purchasing any type of cryptocurrencies or other digital assets, it is critical to DYOR, or “do-your-own-research.” Check out the top ten Solana projects, including Dapps, smart contracts, and protocols, that have recently reached an all-time high.