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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Meme Coin CateCoin Silently Balloons Over 250% – Time To Buy CATE?

Christian Encila
Christian Encila
2 years ago
2 mins read
CateCoin

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CateCoin (CATE) is doing the cat walk as it skyrockets by over 250% amid the crypto market’s bizarre movement. The slow yet steady gains of CATE shows how low market cap coins can advance and give decent rewards.

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CATE Pumps Up Price by 16.63%

According to CoinMarketCap, CATE meme coin is rising steadily as it pumps the price by 16.63% or 0.000001057.  More so, CATE has spiked in price triggered by the increase in trading activity and hype coming from social media.

Judging by the current technical analysis on the weekly price charts, CATE is soaring as it consistently edges through the third straight green candle. CATE has recently been able to outrank the $0.000000714 and $0.000000779 resistance zones which have been turned into a support zone.

Accordingly, CATE was able to breach the $0.00000103 resistance level for a bit there but has now retraced.

No doubt, CateCoin is extremely bullish especially as it racked up in terms of volume. CATE is also shaping up into a classic bull flag pattern with the potential of breaking out seen on the upside. If CATE can keep this price momentum going, then it can revisit $0.000001.

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Another scenario is if CATE switches into bearish mode and lose its bull flag precipitating a bearish reversal momentum. CATE coin is performing way better than other crypto as it was able to bounce from the support zone as shown with its correction on the 0.236 Fibonacci level.

If CATE can maintain its traction, its price can shoot up to over $0.0000013 at the end of this year. However, all of these will depend on Bitcoin’s performance because the king of crypto influences how the other meme coins perform and behave in the market.

CATE Consistent Traction May Push Price Higher

According to CoinMarketCap, CATE has a very low market capital of $29 million. With that being said, increased and consistent traction will lead to a pump in value to as much as 10x to 20x for CateCoin.

In a space dominated by dog meme coins, CATE is the first-of-its-kind meme coin that enables meme creators to create and earn from NFTs.

Right now, CateCoin is depicted as one of the most powerful meme coins in the market. CATE has so much to offer that encompasses the value of other meme coins.

cate offers NFTs, gaming, mobile wallet, and Dapps. More so, one of the selling points of CATE is that long-term investors can easily generate up to 15% APY when they stake and 2% of the transaction fees are dispersed to investors.

Crypto total market cap at $1.06 trillion on the daily chart | Source: TradingView.com 

Featured image from Zee News, chart from TradingView.com
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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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