Just a chill guy token ($CHILLGUY) is up 10.3% today, but low-cap Catslap ($SLAP), released just six days ago, has better risk-reward potential and is up 51%.
CHILLGUY has a lot going for it as the most recent breakout meme coin, but its lightning success, which has taken it to a $621 million market capitalization, and the legal disputes with the creator of the original graphic image could prove to be roadblocks on its hoped-for road to a $1 billion valuation.
On the other hand, Catslap, built around the viral narrative of the slapping cat with its very own Slapometer, is on a market cap of only $29 million, with plenty more upside to come. At the time of writing $SLAP is trending in the DexTools hot pairs ticker.
$SLAP might remind keen meme coin watchers of Popcat, the most valuable cat-themed coin, where you click to pop as opposed to click to slap with Catslap. But Catslaps takes things an important step further – its Slapometer is broken down by country. Topping the leaderboard is Japan, followed by Malaysia and Australia, making the Asia-Pacific region the biggest slap fans in the world.
Wickedly addictive and fun too, the global Slapometer competition adds an extra element of sticky user engagement that the $1.2 billion Popcat lacks – it is one of the reasons why crypto experts are singling out $SLAP as the primary candidate to be the new top cat. Rubbing salt into the Popcat wounds, the token’s price is down 5% in the past 24 hours and 28% on a weekly view.
Official: Slap-to-Earn is coming to Catslap – full details in announcement in 7 days’ time
Market participants are waiting with bated breath for a forthcoming ‘major announcement’ from Catslap. We now know that at least part of the announcement will be concerning the introduction of Play-to-Earn (P2E) features, which in utility terms will put distance between itself and the cat meme coin competition.
An X post yesterday revealed officially for the first time that ‘Slap-to-Earn’ is coming to Catslap:
We brought you $SLAP, now get ready for Slap-to-Earn
pic.twitter.com/ZTaqU3qYuZ
— CatSlap (@CatSlapToken) November 26, 2024
A P2E component will increase Catslap’s value proposition, as would rumors of a big token burn turning out to be correct. The news is already positively impacting the token price.
The steady escalator of green candles in the current price action could be setting $SLAP up for the sort of surge witnessed on Saturday, November 23, as identified in the chart below.
After crypto market profit-taking, trending $SLAP is all set for a price boom
As with pretty much all tokens in the cryptocurrency market, the bitcoin-led correction in the markets yesterday has affected Catslap too.
But these tests are sent to sift the wheat from the chaff, so to speak. Catslap’s impressive recovery from near-term lows has been impressive. At the time of writing $SLAP was priced at $0.003351 after finding a floor at $0.002117.
Catslap has amassed 7,091 token holders in another encouraging sign of a community increasing in size and engagement. The busy Telegram channel has 1,937 members, often with around a quarter of that number or more online.
The SLAP/ETH trading pair’s market structure is noteworthy at this juncture. There is a high preponderance of buy orders below or around the $1,000.
Of course, whales are most welcome, provided they stick around. But whales looking to make a quick buck can quickly destabilize the price, while, by contrast, a multitude of smaller investors committed to the project can bring the sort of stability that provides a platform for a solid advance in the price, as is being seen today.
$SLAP price is up 3,082% since launch – it could match $CHILLGUY and jump 84,162%
Catslap has the ‘slapability’ to leave Popcat, Pepe and the rest behind. The chances of its price appreciating 100x times are high.
The readily accessible fun of visiting the website homepage and being able to click-to-slap is irresistible, with the audio feedback and the country leaderboard attached to the Slapometer adding to player engagement. Crypto people seem to like what they see of Catslap, so could it be the next Chill Guy, but without the legal baggage downside?
Chill Guy is the most recent meme coin success story, having launched on DEXs on 15 November the coin has rocketed 84,162% (it was minted on the Solana-based pump.fun launchpad on October 6).
For its part, $SLAP is up 3,082% since its straight-to-DEX fair launch on November 21. If you invested $500 at the listing price of $SLAP and it matches the gains of CHILLGUY, you will be sitting on a stash worth $42,000.
With liquidity of $2 million and trading volume of $1 million, Catslap has superior market positioning compared to Chill Guy, which had to claw its way to a market cap of $69,000 before liquidity could be deposited on Raydium, the main Solana DEX. Catslap, by contrast, had ample liquidity from the moment it listed, locked for 60 days.
Catslap is an Ethereum token (ERC20) – tokens with the same branding found on other chains are scams.
I’m gunning for the crown. $SLAP to a billy
pic.twitter.com/n7yQYRZGH9
— CatSlap (@CatSlapToken) November 27, 2024
Catslap ($SLAP) could easily do 50x or 100x says this trader
YouTuber TodayTrader made an alpha call to buy at its near term low “for a risk-free 10x”, but thinks the coin could “easily do 50x or 100x”. The video is worth a watch:
Buy and stake Catslap today and earn rewards of 40% a year
Catslap Token can be bought in the fast-growing Web3 crypto wallet Best Wallet. The partnership means that aside from all the other marketing the team is doing on crypto websites and on X, the token has a tailored 60,000-strong audience in the shape of the users of the app’s ‘Upcoming Tokens’ feature.
You can easily buy and stake $SLAP using the Best Wallet app, available for both Android and iOS devices: Google Play or Apple App Store. Stakers earn 40% a year. The minimum length is seven days. You can unlock tokens early by burning some of your staked balance. 20% of the token supply is allocated to staking rewards.
Catslap is fully audited by SolidProof and no critical issues have been found.
Catslap’s social media footprint continues to grow at a quickening pace. The project has 9,881 followers on X and as mentioned earlier nearly 2,000 on Telegram – not bad for a six-day-old project.
Join the thriving Catslap community on X and Telegram to be among the first to know about upcoming market-moving news. Catslap could be the next Chill Guy, so don’t miss out. The entry price is particularly attractive right now following yesterday’s crypto market profit-taking.
Visit Catslap Token website or Best Wallet to buy $SLAP.
The post CHILLGUY Price Pumps But its Legal Dispute Means Newer Meme Coin Catslap (SLAP) is a Better Buy, Up 51% Today appeared first on Cryptonews.
#IndustryTalk #Altcoins #CatSlap #Market [Source: CryptoNews]