Crypto Market Pulls Back as Popcat and MOG Rival CatSlap ($SLAP) Gears Up for Big Announcement
Tuesday 26 November 2024 – Crypto prices are experiencing a natural pullback, but all eyes are on Catslap ($SLAP), a rising challenger to Popcat and MOG, as it prepares for a major announcement that could propel its price into a parabolic rally.
The market’s downturn follows Bitcoin’s failed attempt to break $100k, with President-elect Donald Trump’s recent Truth Social post on tariffs fueling further uncertainty across risk assets.
After a strong rally, many crypto traders, including Catslap investors, are taking profits. It’s normal for markets to pull back—these corrections allow traders to lock in gains while setting up attractive entry points for those ready to “buy the dip.”
Many of the top meme coins are feeling the impact, with Dogecoin down 13.4%, Bitcoin slipping 6% to $92k, and Popcat down 14.3%. Catslap is also seeing a dip, dropping to $0.0029 from yesterday’s highs of $0.0049 at the start of the European session.
Catslap was gearing up for its next big move but has been caught in the broader market pullback. Rather than selling off, most investors are holding steady or trimming just a bit of their positions, keeping their upside exposure intact ahead of the ‘major announcement’ in just nine days.
Getting ready to slap away another 0 pic.twitter.com/113s7mZmQy
— CatSlap (@CatSlapToken) November 25, 2024 What’s Coming Next for Catslap? P2E, a Token Burn, and Possibly an Airdrop?Although the project has not officially stated what the big news will be, the use of an adjective like “major” suggests that it will be price-moving.
Play-to-Earn (P2E) gaming has been seen as a possible reveal. This would certainly be in keeping with the slap gamification at the heart of the Catslap narrative. Each click adds to the Slapometer slap count, which is tallied by country as part of a global competition. It is easy to envisage how this could be monetized for users.
The project tokenomics has an allocation of 10% of the 9 billion (9,000,000,000) total token supply to community rewards. That’s in addition to the 20% set aside for staking rewards, so that begs the question, how are these rewards to be earned?
Assuming P2E is coming, players could be rewarded for the number of clicks their country makes. Of course, for that to work, players will need to connect their wallets to take part in the earning opportunities.
Another facet of an announcement might be airdrops or perhaps a burn program. Focusing on the latter, a burn program is one of the most effective ways to increase the value of tokens. By removing tokens from the supply, it makes those that remain scarcer and, therefore, potentially more valuable.
Again, the team has not officially announced this, so this is pure speculation at this point. Nevertheless, we can safely assume that the adept marketers at Catslap knew that the prominent countdown on the homepage would elicit a flourishing rumor mill.
Catch the $SLAP Dip Now for Bigger Gains Ahead—Early Investors Have Seen 2,041% GrowthCatslap has slipped back to $0.0025, down almost 50% in the past 24 hours according to the latest CoinMarketCap data.
Nevertheless, early buyers of $SLAP are still sitting on gains of 2,041%, providing plenty of ballast for price support. The price is still way off its strongest defense line at $0.00187, as the number of token holders continues to rise to 6,400.
Although trading volume has been trimmed from $4 million yesterday to half of that today, for a small-cap coin priced under $1, it is still in envious territory. Patient and more experienced token holders will have seen this all before.
Those who haven’t sold any tokens may be looking for the best moment to start lowering their entry price by dollar cost averaging the token – buy little and often while the price is dipping.
Certainly, early buyers of meme coin market leaders such as Pepe, Dogwifhat or even Popcat will be able to tell you the value of hodling and waiting for that 10,000%. Anybody who sold these coins after less than a week of their launch are coping hard right now.
Catslap has 6,400 token holders, as it continues to broaden its base of market participants. If you missed out on the 600x gains Popcat investors enjoyed, then Catslap could be your chance for outsized ROI. $100 of $SLAP tokens bought today may be valued at $60,000 in the not-too-distant future.
As crypto trader Alessa Mutto points out to her one million followers on X, low-market-cap coins have the highest potential.
Looking into this one @CatSlapToken