New Meme Coin Catslap Rises 120% as Jump Trading Invests $900K CEX Listing in 1 Day
The crypto market is at a fever pitch right now as numerous large-cap altcoins add 30-40% gains in a single day.
However, excitement is even stronger among new market emergents, such as Catslap ($SLAP), which rallied by 120% in 24 hours.
But it might just be getting started.
Despite a market cap of only $33 million, the trending meme coin just received an investment from Jump Trading, one of cryptos most respected trading firms now worth $900,000.
Jump Trading $900K investment adds to Catslaps legitimacy
The Chicago-based money house made the purchase just days before Catslaps team will unveil a major announcement.
Could it be that they know exactly whats coming and expect a huge uptick in price to follow?
Either way, the investment confirms Catslaps position as one of the most promising new meme coins on the market, and it underlines that industry experts are backing the project.
The forthcoming announcement is expected to reveal a centralized exchange listing, and while theres no word on which exchanges it might entail, the community hopes that Jump Trading will use its connections to secure a place on a big-name platform such as Coinbase or Binance.
Investors are falling in line with Jump Trading and scrambling to grab $SLAP before the CEX news.
The price rocketed by 120% yesterday, posting a new all-time high (ATH) of $0.01014 overnight.
Catslaps staking, burning, and Slap-to-Earn cause a buzz
How does the Catslap team have time to sleep? It launched on 23 November and has not stopped shipping new updates since.
It started with staking, which allows users to lock up their $SLAP tokens and garner a 40% APY. But theres a caveat. Tokens will be locked for seven days and incrementally unlocked over that time.
Users who choose to unstake their tokens early will forfeit any remaining locked tokens. These tokens will be automatically burned, helping reduce the $SLAP supply and boost its value.
The team will also carry out token burns as the project develops based on milestones in its Catslap game.
The Catslap game kicked off alongside the project, but the team recently introduced a Slap-to-Earn mechanism that allows users to earn free $SLAP tokens for playing.
You can track the progress of Catslap players via the games leaderboard, which can be split into individual users or countries.
All of these features separate Catslap from any other cat coin on the market, and yet it has a market cap of approximately 42 times smaller than that of the market leader, Popcat.
Even based on the current market landscape, Catslap is well-equipped to draw significant capital inflows in the coming months. However, the crypto market is currently experiencing an unprecedented juncture, which only strengthens the bull case for $SLAP.
Crypto enters a new era as XRP adds over $100 billion in 1 month
Forget what you thought you knew. The rules have changed, and crypto has entered a new era of liquidity abundance.
Fueled by XRPs eye-watering 410% gain this month which has added over $100 billion to its market cap the crypto market has enough capital for any fundamentally strong mid or low cap to perhaps 10x in one month.
When it comes to Catslap, its low market cap, rising momentum among retail and institutional players, and innovative utilities all indicate that the token could be one to watch.
As to how far $SLAP could go, prominent analysts say investors should not rule out massive gains possibility from here.
For instance, Jacob Bury says a crypto could explode in value.
Grab $SLAP on Best Wallet to catch real-time updates
CatSlap was recently voted token of the week on the Web3 wallet Best Wallet.
Investors can secure $SLAP directly from the Best Wallet app via its Upcoming Tokens feature. This feature also allows them to track real-time updates such as the forthcoming exchange listing directly from the app.
Prospective investors can also grab $SLAP on UniSwap or the Catslap website via its decentralized exchange widget.
Stay updated with the projects latest news and developments by following its X account or joining its Telegram.
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