Tom Bhaiya
@mganeshpavan
243 Following
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CATS Price Prediction: Why $CATS Price Falling After Listing
Introduction
$CATS token recently launched with a record low capitalization, sparking concerns among investors. $CATS initially experienced a sharp spike, followed by a significant decline, ultimately resting at $0.000580. This bearish trend raises concerns following the failure of similar tokens like $DOGS and the speculative nature of the recent announcements by the $CATS team.
Current Market Scenario
The current price of $CATS is $0.00006155, showing a significant drop of 73.24% from its initial levels. In comparison, $DOGS is priced at $0.0006971 with a market cap of $360.23 million, while $CATS has a much lower market cap of $36.93 million. The provided chart also shows a significant price spike for $CATS, followed by a major decline, with an RSI around 21.38, indicating oversold conditions that could signal a potential price rebound. However, the sharp decline also reflects low investor confidence 0 reply
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