A cat-themed gaming altcoin powered by artificial intelligence (AI) is hitting new all-time highs after being abruptly listed by the world’s largest cryptocurrency exchange by volume.
In a new announcement, cryptocurrency exchange Binance says it will be adding Catizen (CATI) to its product lineup starting September 20.
“Binance is excited to announce that Catizen will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, and Binance Auto-Invest.”
Catizen is a blockchain game based on The Open Network (TON), launched in March, that lets users take on the role of a city mayor, managing an entire virtual city of felines to earn rewards.
TON is a layer-1 blockchain that was operated by the popular messaging app Telegram. It has since been under the management of an independent network of developers.
According to data from crypto exchange KuCoin, Catizen has over 34 million users, 3.5 million daily active users, and an average revenue per paying user (ARPPU) of $33 from 800,000 paying players.
KuCoin claims that the game’s popularity can be attributed to Telegram’s high user base and the popularity of other blockchain-based games, such as Notcoin (NOT).
“With nearly a billion users interacting with Telegram bots and mini-apps each month, Catizen benefits from Telegram’s vast user base and features that support secure, decentralized transactions.
Additionally, the explosion of other Telegram games like Notcoin, TapSwap, and Hamster Kombat has also helped increase interest in the Catizen game.”
The listing news sent CATI soaring, with the digital asset trading at $0.988 at the time of writing, up 9.5% in the past 24 hours. The gaming altcoin hit an all-time high of $1.11 earlier today.
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Featured image: Shutterstock/jovan vitanovski
