Bitcoin Cat (BTCAT) is being tipped as the following Shiba Inu (SHIB), with some traders anticipating it to succeed in a $50 million market cap by the tip of April.
Bitcoin Cat (BTCAT), a brand new Solana-based memecoin, has surged 110% within the final 24 hours, as pleasure builds over the coin’s itemizing on MEXC on Saturday.
This will likely be BTCAT’s first centralized alternate itemizing, with it presently solely buying and selling on Raydium and Jupiter.
Despite its recent rally, Bitcoin Cat nonetheless solely has a market cap of round $760,000, emphasizing how a lot potential this Solana coin has over the following few weeks and months.
Some traders are predicting its market cap to hit $50 million earlier than the tip of April, delivering round 7000% returns to traders who purchase in on the present value of $0.000000004347 per token.
Others are wanting even additional forward and anticipating it to hit properly over $500 million, amid rumors that Bitcoin Cat is already in talks to get listed on Binance.
Aside from the approaching MEXC itemizing, BitMart have additionally confirmed that Bitcoin Cat will likely be listed on their alternate.
The rise of Bitcoin Cat comes amid the broader Solana memecoin craze, with dozens of cash spawning permitting traders to show a couple of thousand {dollars} into hundreds of thousands inside weeks and even days.
This is undoubtedly a lot riskier than holding Bitcoin or Ethereum, however with the massive cap cryptos buying and selling sideways in recent days, increasingly more traders are switching to low-cap memecoins in quest of eyewatering positive factors.
