Catslap (SLAP), a new cat-themed meme coin, created a shockwave in the meme coin space with its gains of over 5,000% after launching on Uniswap on November 21st.
However, the token isn’t just another meme coin, as it features a minigame which sees its players virtually slap other meme mascots.
To celebrate 10 million slaps on the Cat Slap game, the token’s developers decided to remove 10 million SLAP from its total supply to reward its fast-growing community.
CatSlap’s website now features Slapometer, a tracker that displays the number of burned tokens. After burning another 300,000 tokens today, that number stands at 12.5 million, and it could increase the value of the remaining SLAP tokens in circulation.
Besides tracking token burns, CatSlap’s website also tracks the number of times its players slapped the Pepe image by participating in the game.
That number currently stands at 14.1 million, with players from Japan, Morocco, Australia, and Germany leading the charts.
https://x.com/CatSlapToken/status/1862440142486503562
Each entry on the Slapometer also includes a link to transaction IDs on Etherscan, where interested parties can confirm that the burns went through, including the 10 million token burn and today’s burn.
However, it seems that Catslap’s developers have more in mind regarding the Cat Slap game, as they’ve told their community on X (Twitter) to prepare for a “Slap-to-Earn” feature.
Can Catslap Catch Up With Popcat And What That Would Mean
Catslap entered the market with a bang, launching on Uniswap and skyrocketing by more than 2,000% in the first 24 hours.
However, the token faced a sharp decline after reaching the $0.006814 mark on November 24th, likely influenced by the market-wide downturn caused by Bitcoin’s sharp drop from $99,000 to $96,000 the same day.
The token is now trading at $0.002657 after returning to its November 23rd levels, representing a 36.46% gain over the past 7 days. In contrast, Popcat dipped by 13.26% over the past week despite today’s market-wide rebound that helped the broader crypto market reach a $3.38 trillion market cap.
Cryptofied, a crypto analyst, expects Catslap to soar again and advises his 447,000-strong audience to start stockpiling the coin during the dip.
https://x.com/CRYPTOFIED1/status/1862115988768010256
Anticipating further growth during the meme coin supercycle, crypto expert Elite Crypto shared that he intends to accumulate Catslap with every dip, highlighting the recent actions by the token’s developers, such as the token burns and the upcoming Slap-to-Earn game.
Although Popcat hasn’t experienced an explosive start like Catslap, taking nearly three months to start soaring, it currently has gains of 8353.42% over one year.
If Catslap manages to replicate that success following its future developments and potential Tier 1 exchange listings, investors could see a $1,000 investment turn into $84,500 over a year.
Catslap Scheduled To Make a Major Announcement In Just Six Days
According to the Catslap website, only five days and 22 hours remain until its developers share major news with its holders.
With the upcoming Slap-to-Earn mechanism announced and the Slapometer live, investors are now guessing whether it’s news of a major listing or another feature that could bolster the hype around SLAP.
With further details to be announced, Catslap’s pending announcement is generating positive short-term sentiment, which is reflected by its volume’s performance in the past 24 hours.
65% of its volume of $576,000 has been dominated by buying activity, which also increased the number of Catslap holders to 8,139 from yesterday’s 7,590.
Popular analyst Crypto Boy, who’s followed by 49,900 YouTube users, is bullish on the coin. He believes the major announcement will revolve around a listing on one of the leading exchanges and is confident that Catslap will skyrocket if that’s the case.
CatSlap New 1000X Meme Coin | CatSlap Token Full Review | Buy CatSlap to be Millionaire
Setting a target above the $0.01 mark, he believes the coin is set to explode following the announcement and urges his audience to add it to their portfolios before the countdown on Catslap’s website ends.
Favorable Market Conditions May Pave The Way For Catslap’s Growth
November has seen the broader crypto market cap grow by more than $1 trillion following the election of Trump’s pro-crypto government on November 5th.
Bitcoin, which was priced at $67,033 the day before the US Election Day, has been steadily trading above the $90,000 mark throughout the month, nearly surpassing a historic milestone of $100,000 in its second half.
Although the leading cryptocurrency dipped to the $91,000 level on November 26th, it’s now priced at $97,472, and Thanksgiving Day could be the reason.
While financial markets come to a halt for the holiday, that’s not the case for crypto, which is now seeing an influx of trading activity.
Mister Crypto, a crypto expert, points out that Bitcoin tends to pump throughout and after the holiday and BTC’s proximity to the $100,000 level could see it reach a new milestone as it enters December.
https://x.com/misterrcrypto/status/1860220045038879214
With Catslap’s major announcement scheduled just days after Thanksgiving, its holders could stand to benefit from the potential bull run Bitcoin’s surge would cause.
How to Purchase SLAP and Maximize Profits Ahead of Its Potential Soar
Investors can add SLAP to their portfolios by heading to its website, connecting their crypto wallets, and using ETH, USDT, or a bank card to purchase it.
The token is also featured in the “Upcoming Tokens” section of Best Wallet, the fastest-growing Web3 wallet interested parties can download from Google Play or the Apple App Store.
The token’s website also lets its users stake SLAP, currently offering a 40% staking APY. The staked tokens remain locked for seven days, but holders can pull them out of the pool early by burning some of their token holdings in the process.
The project’s smart contract has been audited by SolidProof, enhancing investor security. Catslap also emphasizes investor trust with 3.9 million tokens locked for liquidity for a period of 60 days.
The project’s focus on ensuring a safe trading environment and long-term success has already helped it amass over 10,900 followers on X (Twitter) and Telegram.
With a large community and robust security, Catslap seems to have a strong foundation meme coins require to grow.