Why Is Simon's Cat (CAT) Trending On X Today?

From an internet animated series with 1.6 billion views to a popular cat-themed token, Simon's Cat has won over the netizens.

The popular internet animated series, Simon's Cat, now has its own cryptocurrency, and it is trending on X today. Here's why.

With 1.6 billion views on the animated series, Simon's Cat has become a netizen favorite. Now, the cat is getting its own cryptocurrency, and it is already one of the most in-demand cryptos out there.

The token has a market capitalization of $259.32M and has seen some highly profitable days. Just a month ago, the CAT token achieved an all-time high (ATH) of $0.0000464. Moreover, the demand for the token is persistent, with the CAT hashtag trending on X today.

Meme coins have been dominating the crypto market since the beginning of the year. This has created a new demand for cat-themed tokens, including one for Simon's Cat, given its reference to the popular animated series. Notably, the token has also surged by 147.44% since launch and is currently trading at $0.00003835, which is significantly high.

There are three main reasons why the token is trending again. Firstly, the demand for meme coins is rising, with meme-themed tokens like Moodeng and Goatseus Maximus bringing all the attention to this category. Secondly, the token's 60% surge in the last seven days has brought additional attention, especially considering that the market conditions are not entirely favorable. Despite this, it calls for the need for profiting tokens like Simon's Cat. With this, the token is closer to its ATH and only needs a significant push to grow 17% more to surpass that.

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