They cried wolf and out of the darkness arose Catalorian as another entrant in the cryptocurrency zoo of the decentralised universe. Aiming to create a brand new post-apocalyptic world in both extraterrestrial space and the world of cryptocurrency, Catalorian calls itself the Space Defense Cat which is in fact a continuation of Elon Musk’s Tesla’s idea.
This ERC20 token has grown immensely popular and is well-known among crypto traders and meme fanatics, and at the time of this writing, it was valued at $0.005934. Market capitalization of the project is $5,933,893 as of today and it is ranked #2769 in the list of all coins. However, a relatively new digital currency called Catalorian shows numbers of trades already existent, with daily trading volume of $2,623,670 that reached #687 among other currencies.
As much as the described features, one of the core characteristics of Catalorian is its total token circulating supply of one billion tokens to increase the chances of its price spiking. These fixed supply plans have well been received by investors searching for deflationary type of assets in the crypto market. The project’s fully diluted market capitalization is equivalent to the current market capitalization, meaning that all tokens are circulating, which makes tokenomics more transparent.
The Catalorian community has been increasing significantly attracted by the project, targeted at creating spaceships and using memes to comment on serious space exploration themes. The token’s logo is the Space Defense Cat which depicts the project going up in terms of the hierarchal ladder both figuratively and literally. It is such a wise marketing strategy that has made them stand out within a congested meme coin and utility token market.
Firms and traders have developed interest in Catalorian and based on the performance of the token it has gained 14.53% in the last 24 hours. This is not surprising given that Smols is a relatively new kid on the block and is backed by a solid community of users who are willing to spread the word about what it brings. Meanwhile, the overall volume-to-market cap ratio has remained pretty much healthy at 44.21 % illustrating trading liquidities.
I have already mentioned that the main focus of the Catalorian token is based on its association with a meme and astro elements; however, the developers of the project have left clues to further application. The interplanetary colonies and beyond symbolize the desire of the token to grow its existence in every blockchains and real-life possibilities.
Most important to the Catalorian team is the importance of creating a community, which is integrated into their project. They push the token holders into participation in the Catalorian ecosystem’s decision-making process hence ensuring that everyone feels like they are part of its future. It is one of the favorites among such initiatives, as it tends to generate much stronger users’ engagement and sustained attention towards the project.
In any case, potential investors should be wary of investing in new cryptocurrency, like Catalorian, and should research the asset carefully. Given that meme coins often present high-volatile and rather elaborate for speculation, trading these tokens usually yields huge profits and losses within rather tight time frames. But it has to be kept in mind that Catalorian enjoys some privileges in categorization and its early results seem quite compelling for many participants in the crypto space.
Although all the necessary information is presented here, there is also a clear plan of subsequent development of this project, possibly cooperation with space-related projects, and the use of methane(asset 2). Although there is still little information about specific features, the Catalorian team reassures fans that the project’s future holds many interesting developments that will help captivate and expand the audience in favor of the team.
As we have seen before, there is a lot of innovation and sometimes sheer absurdity in the cryptocurrency space, especially in the newer projects like Catalorian. Leveraging meme culture which has gone viral together with the narrative of the general space exploration goals, Catalorian has established an adventurous narrative that is suitable for a broad group of the crypto population.
Whether or not Catalorian will be successful in reaching its goals and objectives will lie on how the Catalorian team will continue and move forward at a fast pace while ensuring the delivering of the promises and prospects depending on the dynamism of the Cryptocurrency market. While SDC takes on its task to gather new territories in space both in the digital and the literal world, it bears the dreams and, indeed, the money of the developing number of enthusiasts who want to become a part of this otherworldly, virtual crusade.
It remains to be seen whether Catalorian for real has the capability to go in the‘moon and stars and to render the yearned dream for a revolutionized money zone come factual but for now it can wisely and truly be recognized as promising to join the orbit of the unnumbered cryptocurrencies. As more updates are rolled out and the project grows more popular, many will be to see this feline-inspired digital asset adapt to the rapidly growing world of cryptocurrencies.
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