Hey #cPenNetwork community! ๐ Despite a minor glitch, the transition to $INK mining in the cPen app is now complete! This marks a major milestone in our journeyโthank you for being part of it!
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Simon's Cat / $CAT should be the top cat memecoin. here's why...
let's start by taking a look at the top four cat memecoins by market cap:
- $POPCAT: $1.5b
- $MOG: $1.02b
- $MEW: $860m
- $CAT: $280m
bonk guy believes that the above is a product of market inefficiencies that will be resolved at some point in favor of CAT
CAT is currently trading at 1/5 the market cap of POPCAT and at least 1/3 the market caps of MOG and MEW
yet CAT should actually be trading at a higher valuation than all of the above cat memecoins purely based on fundamentals
i want you to read the above line again because it is NOT a mistake
i will outline the bull case for Simon's Cat and why i believe it to be the most undervalued cat memecoin in this thread as i've long promised!
let's start with actual MEME RECOGNITION and MAINSTREAM POPULARITY
Simon's Cat is unarguably the most mainstream and most popular of all the above memes (not the coins; the actual memes)
but you don't have to take my word for it
here's a quick overview of some of Simon's Cat numbers:
- 4 billion+ views on videos across their main channels i.e. Youtube, Facebook, and Tiktok
- 10 million followers on the main Simon's Cat Facebook page
- 6.3 million+ subscribers on the main Youtube page
- 5.4 million+ fans on the main Instagram page
- 3.5 million+ followers and 30 million+ likes on TikTok
- mainstream recognition and possibly billions of additional views through the meme and animation series being featured on TV channels across the globe
- a Simon's Cat Wikipedia page
i also want to be clear that Simon's Cat isn't just some random channel with tens of thousands of videos with average views that inflate the idea of its overall popularity
the most successful Simon's Cat videos have been viewed 30 - 60 million+ times EACH across channels like Youtube, Facebook, etc
i'm talking about at least a dozen individual videos that have each been viewed over 30 - 60 million views across their top channels
that's some serious mainstream popularity!
the above are numbers from the main channel, mind you
if you go down the rabbit hole, you will likely find another hundreds of millions to possibly 1 billion+ views around the meme and series across other channels and fan made content
i was interacting with a crypto bro last week and he told me he showed his girlfriend a POPCAT meme and asked if she knows it and she said no, but immediately he showed her a Simon's Cat meme she was ecstatic and said, "Yes, i know this!!!'
believe it or not, i've had interactions similar to the above with a lot of people... and Simon's Cat always comes out on top
Simon's Cat is pretty big when it comes to mainstream brand recognition among retail/normies , especially among cat lovers
it's very hard to see a cat owner/lover who is active on the internet that does not know Simon's Cat
$CAT is backed by the official Simon's Cat IP and social channels
it isn't unusual for a memecoin to launch off the back of a popular meme only to be later threatened by the actual IP owner
in fact, we've had highly successful memecoins pretty much die from this kind of IP threat
while degens do not care about this: 'it's just a memecoin and i don't give a damn about some IP'
the reality is that T1 CEXs (Binance/Coinbase/Upbit/etc) and major entitites will not touch memecoins with IP issues with a ten-foot pole
because while the memecoin is likely decentralized and launched by an anon, these CEXs are real entities that could be held liable for IP violations and it's just not worth the drama for them
and a lack of key CEX listings would most definitely negatively impact the traction and adoption of a memecoin
one of the things that is most notable about $CAT is that it is backed by the actual Simon's Cat brand and IP
it's not just some random memecoin LARPing off someone else's IP
in fact, CAT isn't only backed by the official Simon's Cat IP. it is also backed by official Simon's Cat channels:
official Simon's Cat channels have promoted and will continue to promote the $CAT memecoin
the 10 million follower Simon's Cat Facebook page has published a few posts about the token, as have other mainstream channels
this is an advantage no other cat memecoin in the space has right now
premium ticker recognized by key T1 CEXs
a key selling point for the Simon's Cat memecoin that i see very few people talk about is its ticker:
$CAT
it's really that simple
imagine seeing cat coins exploding and everyone talking about the cat memecoin sector being undervalued, then you go to your favorite CEX and you see the 'CAT' ticker
what do you think?
'oh, wait this $CAT ticker is actually very simple and should send since everyone is talking about... CATS (!!)... and it's also a very familiar meme called Simon's Cat' and then buy, right?
'CAT' is such a premium ticker that should enhance Simon's Cat value significantly in and of itself
and in this case the ticker has been integrated by Binance, OKX, Kucoin, Bybit, etc, so it is pretty much locked down by Simon's Cat
CAT has a low unit bias advantage
for the past year i've screamed from above the rooftops about the importance of unit bias
and some of the biggest accounts on here shouted down the idea of unit bias ever having any relevance because 'this cycle is different' (famous last words, right?)
more recently, however, the whole space is starting to come to terms with the importance of unit bias especially for memecoins
don't get me wrong:
i'm not saying memes that do not incorporate low unit bias will not make it
i'm also not saying that unit bias is the ONLY thing a memecoin needs to succeed. far from it, as there are a lot of low unit bias memecoins in the graveyard!
that said, low unit bias is a SIGNIFICANT advantage for a memecoin ALL OTHER THINGS BEING EQUAL
as the legendary GCR says:
'Why would any person in sound mind, buy 100 cones, when they could own a million?'
like it or hate it, but the popular cat memecoin on CT won't necessarily be the popular one with retail
we've seen this play out over and over recently
and i think there will be a reckoning when it comes to this in the cat memecoin sector at some point soon
CAT is literally the most popular cat meme amongst retail in the sector, it has the best ticker, and it also has a low unit bias advantage
narrative, community, and liquidity
i've repeatedly said that the three most important ingredients for the success of a memecoin are:
- narrative
- community
- liquidity/accessibility
how does CAT fare when it comes to this?
1. narrative: CAT is a memecoin based on a mainstream cat meme and animation series. it is currently a low cap in a nascent cat memecoin sector that will almost certainly do multiple Xs from here
2. community: CAT inherited strong, battle-tested, diamond hands holders from the floki community due to the strategic move it made by airdropping a significant portion of its supply to FLOKI holders and partnering with them on its launch. it is also poised to capture a significant amount of users from the mainstream Simon's Cat community, and there are A LOT of them!
3. liquidity/accessibility: CAT has the following advantages:
- a fat liquidity pool on BNB chain
- it recently launched on Solana with decent liquidity
- ot is one of the only two cat memecoins to be listed on OKX spot
- it is one of the only four cat memecoins to be listed on Binance perps
- it is listed on Kucoin, Gate, Bitvavo, and dozens of other CEXs
- it is due to list on top Korean and US CEXs
- it is consistently one of the most traded cat memecoins in the entire sector
to conclude...
Simon's Cat is unarguably the most mainstream cat meme and the $CAT memecoin is officially back by the official Simon's Cat IP and social channels with billions of views and tens of millions of followers
CAT also has advantages that includes a unique & premium ticker, a strong community, and strong accessibility and liquidity which positions it to be the top cat memecoin
TON x LOVELY SBT (Soulbound Token) Campaign
โ TON x LOVELY SBT Holders will have an opportunity in the future to unlock advantages on the Lovely Legends Telegram Mini App & Get Early Access on Airdrop!
Event: @ton_society x Lovely Legends
๐ Join & Collect Your SBT ๐
๐ https://t.co/WjPeGMnasm
๐ GOATS Horde Campaign: O Legends Step Up
Ayo, GOATS fam โ the grind is REAL! Come and have fun at GOATS Special Games and flex that O Pass like a true beast๐๐ธ
๐ฅ Missions:
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2๏ธโฃ Adding ๐ to your TG user name
3๏ธโฃ Retweet this post and to spread the world๐ฃ๏ธ
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- Milestone I = 1 Entry
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- Milestone III = 5 Entries
๐จ Pre-market Futures Listing
#OKX will list $MEMEFI @memeficlub Pre-market Futures!
$MEMEFI/USDT trading begins at 7 AM on Oct 25th (UTC).
Learn more: https://t.co/r93F3yX6aA
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TON FAUCET FRENZY PHASE 6: $MEMEFI TIME ๐๐
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โจWe Welcome TURBO Inside Pixelverse
๐ธ @TurboToadToken, created by digital artist Rhett Mankind in April 2023, has officially joined Pixelverse. Turboโs development was guided by GPT-4, with the project following AI-generated instructions. The community selected the name TurboToad, and its design was shaped using AI tools, making it a truly community-driven project.
This week, $TURBO achieved a major milestone with its successful listing on #Binance
You can now experience TurboToad in action by playing battles inside PixelTap. Additionally, TurboToad will soon be available in the Pixelverse web browser game.
#PixelTap $PIXFI #Pixelverse
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๐ 50 $TON up for grabs for 100 degen $HMSTR legends!
โณ Deadline: 4AM UTC, Sep 25th
Hereโs how you jump in:
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2โฃ Retweet this post and spread the word like wildfire.
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This is HAMSTER CHAOS in $GOATS ๐น๐
Donโt get left in the dust! Letโs get that $TON! ๐ฐ: https://t.co/z7eS2b7s2h
From a single SEED, a universe was born. ๐ฑ
Exclusive rewards for Early Farmers are awaiting!
OFFICIAL LAUNCH ๐
๐ Follow #SEED Telegram Announcement to be one of the first Seedtizens: https://t.co/7dgFCfUHz8
๐ฅ ๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐ฅ
Attention #Seedizens,
Your #SEED is at risk, and there wonโt be any second chances!
๐ On ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐๐๐ญ๐ก, we'll burn $SEED from inactive accounts. If you havenโt logged in for ๐จ๐ฏ๐๐ซ ๐๐ ๐๐๐ฒ๐ฌ, your coins will be gone โ permanently.
๐ This is a final notice. Only active Seedizens will keep their SEED. Log in immediately and remind your friends, too.
The #airdrop is near. Donโt lose whatโs already yours! ๐ค
๐๐ง๐ฅ๐จ๐๐ค ๐๐ข๐ซ๐๐ซ๐จ๐ฉ ๐๐ฎ๐ฅ๐๐ฌ โ ๐๐ข๐ ๐๐ซ๐จ๐ฉ ๐๐ง๐๐จ๐ฆ๐ข๐ง๐ ! ๐
The #Airdrop is right around the corner, and nowโs the moment to pay attention to what affects how many tokens you can collect!
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Keep going, #Seedizens! ๐ช๐ป