20x in 20 days…Here's Why Catboy Can Go Much Higher

Catboy is shaping up to be the #1 memecoin on Binance Smart Chain. Here's why the party may only be starting.

Author

Scott Debevic
March 20, 2024

Twenty days ago, I wrote about Catboy, How You Can Turn 1 BNB Into 100 BNB With This Memecoin. At that time, Catboy has a $1.5 million market cap. At the time of writing, Catboy’s market cap has shot up to $30 million. This means a $150 investment on February 28 would be worth $3000 today! My thesis then was that CZ was following Catboy on Twitter, and there were few holders, which meant a lot of upside potential.

Three weeks later, I am back to writing that some positive changes have made me significantly more bullish than when I wrote my last Catboy article. I wouldn’t be too surprised if Catboy did another 10x from here. And if things play out perfectly, I could see Catboy doing a 33x and hitting a $1 billion market cap!

Let me summarize the three reasons I am most excited about the Catboy opportunity. Luckily, I have some staked on the platform, so I don’t have to think about selling for at least 70 more days.

Reason #1: Momentum

People reading this article today may think, “It’s too late. Catboy has already popped, and I won’t be able to make money from it.” If I weren’t already invested in Catboy, this would be crossing my mind.

But follow me for a second. Catboy may be on the precipice of the Tipping Point- ‘the critical point in a situation, process, or system beyond which a significant and often unstoppable effect or change takes place.’ Catboy has been performing remarkably well, while the rest of the crypto market has dropped 20%. What do you think will happen when everyone becomes bullish again?

Catboy 7-day chart

Bitcoin 7-day chart

Memecoin mania is only beginning, and Binance Smart Chain doesn’t have a billion memecoins to choose from, such as Ethereum, Solana, or other chains. Meanwhile, Binance Smart Chain has a boatload of users, and they want to speculate too.

Watching coordinated projects pump like crazy with little to no organic growth typically smells fishy. I see big red flags when a memecoin immediately goes from a $70 million valuation to a $1 billion valuation in 2 days. Catboy was launched fairly with $75 K in liquidity. The dev team and community have built the project up to its current position.

It’s much more reasonable for a $30 million market cap memecoin to go to $600 million versus a $1 billion market cap memecoin going to $30 billion.

Reason #2: Influencers be influencin’

Every memecoin project needs a like-minded and dedicated community for the price to move in the right direction. But nothing is stronger than getting more eyes on a project than big influencers talking about Catboy.

For starters, the Catboy X account has 19,400 followers. The team is not shy about tweeting, and with a community of over 19,000 people, word can spread quickly.

We also have huge influencers like Dr. Profit, who post about the project here by responding to Elon Musk’s account. Even Elon Musk understands the need for a catcoin. Dr. Profit’s X account has 280,000 followers!

Mando CT, an X influencer with 205,000 followers, recognizes Catboy’s unstoppable growth.

Crypto Tony posted about Catboy to his 405,000+ X followers:

More examples exist of other high-profile influencers and Telegram groups spreading the word about Catboy. You get the picture from these examples that many eyeballs are seeing Catboy.

Reason #3: Exchange Listings

#3 may be why I’m excited about Catboy. In less than one month, Catboy has gotten listed on the Mexc and Lbank exchanges. These solid Tier 2 exchanges have exposed Catboy to thousands more speculators.

The trading volume has been extremely high. Exchanges make money when a lot of trades happen. The dream is to get a Top Tier 1 exchange like Binance or Coinbase to list Catboy.

There’s a strong argument on why Binance could potentially list Catboy.

  • Catboy started on the Binance Smart Chain. Memecoins will be a big part of the narrative in this market. Other chains are outpacing Binance Smart Chain on memecoins, so Catboy could become the Pepe, Coq, or Wif of Binance Smart Chain.

  • CZ followed Catboy on Twitter. This means Catboy is on his radar. Even though CZ isn’t the CEO of Binance, I imagine he can still hold a lot of influence on the #1 crypto exchange in the world.

  • Elon Musk’s Tweet earlier in the article summarizes it perfectly: the market for cat coins is exponentially smaller than that for dog coins. Here are the stats to back up how huge of an opportunity this is. Currently, the market cap for all cat memecoins is less than $1B, while Dog memecoins have a $45B market cap. Which do you think has more upside? Savvy exchanges should embrace this narrative, as it gives Catboy a massive edge.

Some Final Takeaways

With less than one month to go and already on fire, Catboy is currently the fastest organically grown memecoin. Its momentum, growing awareness, and potential exchange additions give Catboy a much longer way to run.

After my last article, you would have had two weeks before the real fireworks began. I doubt readers will have two weeks to get into Catboy at these prices.

With just under 5,000 holders, you can still be one of the early entrants into the Catboy journey. Shiba Inu has 1.3 million holders. Pepe has 189,000 holders. Wif has nearly 95,000 holders. Imagine Catboy would be worth if the holder count hits 10,000, 20,000, or 50,000.

If you are considering speculating on Catboy, I encourage you to check out the community by visiting Telegram or Twitter (links below). Telegram is always hopping with fun memes and exciting updates, and all of the Catboy memes I used in this article came from Telegram.

If you are already invested in Catboy, share what market cap you got in at and how high you think it can go. Also, share this article, clap for the article, and add comments. It will increase the distribution and drive more people to the Catboy opportunity.

Here are the instructions for purchasing Catboy on Binance Smart Chain, and I will include my referral link. I appreciate anyone who uses it, as I get a small percentage of tokens awarded to me (it has no impact on you).

PancakeSwap: https://pancakeswap.finance/swap
Catboy Token Address on Binance Smart Chain: 0x0dcee5f694e492f0dd842a7fbe5bed4c6e4665a6

6% buy/6% sell tax
This means you should adjust slippage to 7%

Here is a guide on how to stake your $Catboy tokens on BSC: https://gitbook.catboy.io/ecosystem-bsc/staking/token-staking/how-to-stake

  • *I got errors when I first tried staking. I had to lower my 100% stake by some Catboy, which worked perfectly.

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