The cryptocurrency market is at a fever pitch right now, with numerous large-cap altcoins posting gains of 30-40% in a single day.
However, enthusiasm is even greater among new emerging markets, such as Slap ($SLAP)which rose 120% in 24 hours.
But this may be just beginning.
Despite a market cap of just $33 million, the trending meme coin just received a investment from Jump Trading, one of the most respected cryptocurrency trading companies, which is now worth $900,000.
Jump Trading’s $900,000 Investment Increases Catslap’s Legitimacy
The Chicago-based money house made the purchase just days before the Catslap team releases an “important announcement.”
Could it be that they know exactly what is coming and expect a big price increase to follow?
Either way, the investment confirms Catslap’s position as one of the most promising new meme coins on the market and underlines that industry experts are behind the project.
The upcoming announcement is expected to reveal a list of centralized exchanges, and while it is not known what exchanges it could involve, the community hopes that Jump Trading will use its connections to secure a spot on a reputable platform like Coinbase or Binance.
Investors are lining up with Jump Trading and scrambling to get their hands on $SLAP ahead of the CEX news.
The price soared 120% yesterday, recording a new all-time high (ATH) of $0.01014 overnight.
Catslap Betting, Burning and Slap-to-Earn Cause a Stir
How does the Catslap team have time to sleep? It was launched on November 23 and has not stopped sending new updates since then.
It started with staking, which allows users to lock their $SLAP tokens and earn 40% APY. But there is a warning. The tokens will be locked for seven days and gradually unlocked over that time.
Users who choose to withdraw their tokens early will lose any remaining locked tokens. These tokens will be burned automatically, helping to reduce the supply of $SLAP and increase its value.
The team will also conduct token burns as the project develops based on its milestones. Slap game.
The Catslap game started 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 through the game’s leaderboard, which can be divided 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 capitalization approximately 42 times smaller than the market leader, Popcat.
Even given the current market landscape, Catslap is well equipped to attract significant capital inflows in the coming months. However, the cryptocurrency market is currently experiencing an unprecedented juncture, which only strengthens the bullish case for $SLAP.
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Buoyed by month.
When it comes to Catslap, its low market capitalization, growing momentum among retail and institutional players, and innovative utilities indicate that the token could be something to watch.
As for how far $SLAP could go, leading analysts say investors shouldn’t rule out the possibility of massive gains from here.
For example, Jacob Bury says that a cryptocurrency could skyrocket in value.
Get $SLAP in Best Wallet to receive real-time updates
CatSlap was recently voted “token of the week” in the Web3 Best Wallet.
Investors can earn $SLAP directly from the Best Wallet app through its Upcoming Tokens feature. This feature also allows them to track real-time updates, such as the next trading list, right from the app.
Potential investors can also get $SLAP on UniSwap or the Catslap website through its decentralized exchange widget.
Stay up to date with the latest project news and developments by following their unknown account or join your Telegram.
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