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CateCoin is one of the memecoins launched during last year's memecoin trading frenzy. What sets CateCoin aside is that, unlike most doge-themed memecoins, CateCoin is a cat-themed coin. The coin has since become a major rival to Dogecoin and Shiba Inu, the two largest meme coins by market capitalization.
CateCoin gains 3% in 24 hours as the crypto market recovers
The broader cryptocurrency market has reported a slight recovery during the past 24 hours, as evidenced by the 2% gain in the global market cap. The uptrend seems to provide market support for some coins in the market, as seen in CateCoin, which has gained by around 3% during the past 24 hours.
Memecoins are usually affected by intense volatility due to their lack of utility and popularity among day traders. CateCoin has not been spared from the volatility, dropping by 92% from an...
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