‘Will CATS crypto steal the spotlight?’ Bitget’s pre-listing excites investors

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  • Bitget has listed CATS coins early, offering unique trading opportunities before the official market launch.
  • Cat-themed memecoins gain traction, but still trail behind dog-themed tokens in market value.

As a seasoned crypto investor with over a decade of experience under my belt, I find the early listing of CATS coins on Bitget to be an intriguing development. Having witnessed the rise and fall of numerous memecoins, I’ve learned to appreciate opportunities that offer early access to promising projects. In this case, being able to trade CATS before its official market launch is a rare chance indeed.

It’s interesting to note that Bitget, a significant figure in the crypto trading industry, has introduced the memecoin CATS on its early market platform, marking a fresh move.

Bitget lists CATS crypto

In this early stage, the listing provided traders an exclusive opportunity to interact with the CATS token prior to its public market debut, appealing to both new and experienced investors who wanted to seize the chance to invest early.

Providing further information on the same, TON Degen’s X (formerly Twitter) handle noted, 

“#Bitget begins trading for the $CATS token, available prior to market hours. The current pre-market value of $CATS is set at $0.000729.”

Market trends

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Adding CATS token to Bitget emphasizes their dedication to offering early opportunities for upcoming tokens, allowing traders to profit from market trends ahead of when CATS becomes widely accessible.

From my perspective as an analyst, I’ve noticed a swift surge in popularity for the meme coin, CATS. This digital currency, deeply intertwined with the Telegram community, has been rapidly distributed through airdrops. The criteria for receiving these tokens are based on factors such as user account age, premium membership status, and engagement level within the platform.

Come late August 2024, I found myself among the impressive 7.5 million strong community of CATS holders. This remarkable growth can be attributed to the phenomenal virality that CATS enjoyed within the mini-app ecosystem on Telegram.

Bitget’s strategic move

According to Bitget, this listing aligns with their approach to support projects thriving within the Telegram and Toncoin (TON) blockchain ecosystem.

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Remarking on the same, crypto enthusiasts, Omegacarlos said, 

“Given the excitement surrounding the $CATS project, it’s evident that it holds great promise. While the airdrop may have limitations, entering the project early might prove to be a shrewd decision.”

Clearly, it’s evident that Bitget has been a strong advocate for the TON ecosystem, as they have listed projects like Notcoin [NOT] and Hamster Kombat [HMSTR].

By summer 2024, the platform reinforced its dedication with the introduction of a $20 million TON Ecosystem Grant program, designed to nurture emerging initiatives within the TON blockchain network.

This initiative is designed to spur innovation and growth within the ecosystem. 

Cats vs. dogs: Which memecoin will prevail?

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However, another X user- Thenothinkers added a point of concern and said, 

“Will $CATS steal the spotlight from $DOGS?”

Considering the rising worries, AMBCrypto recently carried out an analysis comparing the market values of leading meme coins with a feline (cat) and canine (dog) theme.

At the moment of reporting, it was found that the market for meme coins based on cats had a value of approximately $2.35 billion, showing an uptick of 4.8% over the past day.

On the other hand, the market for meme coins based on dogs had a considerably higher market capitalization of approximately $30.1 billion, experiencing a 3.2% fluctuation during the same timeframe.

This comparison highlighted the growing interest in cat-themed tokens, though they still lag behind their dog-themed counterparts in overall market value. 

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2024-08-30 00:08