Jump Trading $900K Investment Adds to Catslap’s Legitimacy
The Chicago-based money house made the purchase just days before Catslap’s team will unveil a “major announcement.”
Could it be that they know exactly what’s coming and expect a huge uptick in price to follow?
Despite a market cap of only $33 million, the trending meme coin just received an investment from Jump Trading, one of crypto’s most respected trading firms – now worth $900,000.
Either way, the investment confirms Catslap’s position as one of the most promising new meme coins on the market, and it underlines that industry experts are backing the project.
Catslap’s Staking, Burning, and Slap-to-Earn Cause a Buzz
How does the Catslap team have time to sleep? It launched on 23 November and has not stopped shipping new updates since.
It started with staking, which allows users to lock up their $SLAP tokens and garner a 40% APY. But there’s a caveat. Tokens will be locked for seven days and incrementally unlocked over that time.
Users who choose to unstake their tokens early will forfeit any remaining locked tokens. These tokens will be automatically burned, helping reduce the $SLAP supply and boost its value.
The team will also carry out token burns as the project develops based on milestones in its Catslap game.
The Catslap game kicked off alongside the project, but the team recently introduced a Slap-to-Earn mechanism that allows users to earn free $SLAP tokens for playing.
You can track the progress of Catslap players via the game’s leaderboard, which can be split into individual users or countries.
Crypto Enters a New Era as XRP Adds Over $100 Billion in 1 Month
Forget what you thought you knew. The rules have changed, and crypto has entered a new era of liquidity abundance.
Fueled by XRP’s eye-watering 410% gain this month – which has added over $100 billion to its market cap – the crypto market has enough capital for any fundamentally strong mid or low cap to perhaps 10x in one month.
When it comes to Catslap, its low market cap, rising momentum among retail and institutional players, and innovative utilities all indicate that the token could be one to watch.
As to how far $SLAP could go, prominent analysts say investors should not rule out massive gains possibility from here.
Grab $SLAP on Best Wallet to Catch Real-Time Updates
CatSlap was recently voted “token of the week” on the Web3 wallet Best Wallet.
Investors can secure $SLAP directly from the Best Wallet app via its Upcoming Tokens feature. This feature also allows them to track real-time updates – such as the forthcoming exchange listing – directly from the app.
Prospective investors can also grab $SLAP on UniSwap or the Catslap website via its decentralized exchange widget.
Conclusion
Catslap’s impressive growth, innovative utilities, and industry backing make it an attractive investment opportunity in the current crypto market.
As the project continues to develop and expand, it’s likely that its value will increase, making it an attractive option for investors looking to diversify their portfolios.
FAQs
Q: What is Catslap?
A: Catslap is a new meme coin that has gained significant attention in the crypto market due to its innovative utilities and rising momentum.
Q: What is the market cap of Catslap?
A: The market cap of Catslap is currently around $33 million.
Q: What is the purpose of the $900,000 investment from Jump Trading?
A: The investment is likely a sign of industry backing and support for the project, which could indicate a significant increase in the token’s value.
Q: How can I get involved with Catslap?
A: Investors can secure $SLAP directly from the Best Wallet app or via UniSwap or the Catslap website.
Q: What are the benefits of staking with Catslap?
A: Staking with Catslap allows users to lock up their $SLAP tokens and garner a 40% APY, with the potential for significant returns.
