CAT climbs 9%, but expert advises considering new currency even for 29X gains

Simon’s Cat price has climbed 9% in the past 24 hours to trade at $0.00002398 as of 3:15 a.m. EST on trading volume that has climbed 6% to $54.6 million.

The price of the popular cryptocurrency has been increasing since August 30, after initially falling to a support at $0.000018. Over the past few days, the token’s price has fluctuated, but the overall trend has been bullish over the past five days, which has allowed Simon’s Cat to outperform many other cryptocurrencies, including altcoins in the meme coin sector and those outside of it.

The project predicted its success on August 31, when it shared a post on X stating that September would bring the CAT token takeover.

The price surge on August 30 began after the CAT token was listed on Coinstore, one of the leading cryptocurrency exchanges in Asia and the world.

🔥 NEW LISTING ON COINSTORE 🔥

👏Welcome: @SimonsCatMeme $CHAT👏

⏰Transaction time: 08/30/2024 11:00 (UTC+8)

👇Watch this space for more👇
🌎 Official website:
👩‍👦 Official Telegram: pic.twitter.com/mZcECfWIxc

— Coinstore (@CoinstoreExc) August 30, 2024

However, its growth was stopped by resistance at $0.000025, and this was not the first time in recent days. Moving forward, traders should keep a close eye on the project and monitor it for buying opportunities.

Simon’s Cat Price Prediction

After reaching and briefly breaking the resistance at $0.000025, the CAT token price was rejected at its current value. However, several technical indicators suggest that the token could soon see another price hike.

The first clue is the fact that CAT has seen a fairly sharp price drop as traders have quickly decided to sell the surging meme currency. In their rush to take profits, they have pushed the value of its Relative Strength Index (RSI) into the oversold zone at 27.95.

This opens up a major buying opportunity for day traders, who are likely to start buying the dip, which in turn will create demand and push the price of CAT back up.

The token’s Bollinger Bands are still relatively wide, even though the price is pushing the lower band lower. However, this is also likely to change soon. The only question is whether the token will develop strong enough momentum to break through the resistance at $0.000025 this time around, or whether the barrier will stop its advance again.

A promising alternative to Simon’s Cat

Although Simon’s Cat has a strong chance of recovering in the coming hours, the token is currently in freefall, making it a risky purchase at the moment. Instead, investors looking for new opportunities could consider a pre-sale alternative like Crypto All-Stars (STARS).

This is a relatively new cryptocurrency that has only been on pre-sale for a few weeks. However, during this time, it has attracted considerable attention from investors and experts.

While many have already purchased the token, helping it raise over $928,000 so far, some are waiting to see if demand will increase before joining in.

Currently, the STARS presale is approaching its first million, after which many expect whales to start joining the ICO as well. The token promises to revolutionize staking in the meme coin industry thanks to its invention of a brand new staking smart contract known as MemeVault.

Unlike traditional staking smart contracts that allow the user to stake an individual project’s native crypto, MemeVault allows users to stake both STARS and major meme coins including Dogecoin, Pepe, Floki, Brett, Milady, Turbo, and others.

The project thus aims to position itself at the heart of meme coin staking, and its technology could easily grow and potentially include more meme coins or potentially all cryptos one day in the future.

This is what makes Crypto All-Stars so appealing and why its ICO has exploded. It’s also why many investors are considering buying the STARS token now, while it’s still in the early stages of its pre-sale and its price is just $0.0014191. STARS can be purchased with ETH, BNB, USDT, or credit/debit cards.

Another thing worth noting is that crypto expert and popular YouTuber ClayBro, who has over 130,000 subscribers, speculated that Crypto All-Stars has the potential to surge 29x after its launch.

Visit the official STARS website here.

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