Business News/ Brand Post / Is Catecoin competing with Shiba Inu and Elon Musk's favorite crypto Dogecoin?

Over the past few months, new cryptocurrencies have been launching every day. Since 2018, over 200 new cryptocurrencies have been introduced to the market. Although this influx of new projects is significant for the cryptocurrency industry, it can be hard to keep track of them. Given the high potential returns on investments in cryptocurrency, many investors are looking for the next rising star in the market. Catecoin (CATE) is one such project attracting a lot of attention due to its unique features and growth potential.

Catecoin is a decentralized meme-based coin launched less than a year ago. CATE's features make the coin unique from its rivals, such as Dogecoin and Shiba Inu. The current market cap value of Catecoin is $67,304,609 ( Sixty Seven Million Three Hundred Four Thousand Six Hundred Nine), and the value per token is $0.000002054, which is significantly low compared to its rival coins.

With the primary purpose of serving people's entertainment needs, Catecoin has become one of the best ways for users to earn money online by creating memes and playing online games.


What Is Special About Catecoin?

According to a recent report, returns on investments in the cryptocurrency have proven very high than the conventional methods such as stock market investments, fixed deposits and tangible investments. Given that, many investors worldwide are on the outlook for the rising virtual coins that are cheaper but have a high potential growth rate in the coming future.

Catecoin becomes the best choice to invest early and reap the benefits later as the valuation increases. Since its launch, the coin had recorded 700% growth as its peak price. Apart from high growth chances, it offers stability to its investors due to low volatility and various options to earn more coins passively.

The team behind Catecoin states that their goal is to create a coin accessible to as many users as possible. To accomplish this goal, they build tools that will allow any user to create memes and earn CATE tokens from other users by posting memes on a dedicated platform called Meme Dapp.

Catecoin is a Dapp platform for meme creators. It allows users to create and sell memes through NFTs (Non-Fungible Token) and earn money in the decentralized model. The platform has gained immense popularity in a short period due to its exclusive features. Still, the most extraordinary feature that sets it apart from other substantial projects such as Shiba and Dogecoin is it provides an opportunity to earn 15% APY (Annual Percentage Yield) on staking $CATE token in the Dapp for more than 31 days. Additionally, the users receive 2% of every transaction they make on the platform.

Not just this, the Catecoin team has also developed an online game called Rise Of Cats, which users can play for entertainment and earn CATE tokens at the same time.

Users can use the earned CATE tokens to buy virtual products on the Dapp platform or withdraw them in their wallets after reaching a specific threshold limit.


What makes Catecoin unique from Dogecoin and Shiba Inu?

Dogecoin and Shiba Inu are both cryptocurrencies introduced in 2013 and 2014, respectively. While they have both seen some popularity, there are several differences between them and Catecoin:

Catecoin is a rising cryptocurrency earned by staking coins for more extended periods. This feature sets it apart from its two main competitors, Dogecoin and Shiba. With Catecoin, you can make a 15 per cent annual percentage yield on your investment by staking the coin for at least 31 days. You also get 2 per cent on any transactions made through the Dapp platform. Neither Shiba nor Doge offers interest on their coins, so Catecoin comes out ahead here.

Catecoin is also more accessible to users with less infrastructure. While both Shiba and Doge require significant infrastructure to mine, Catecoin's system is lighter and easier to use—so it's a win for both users and the environment!

The most significant difference between Catecoin and its competitors is how much you can earn off of it. Catecoin has two ways to make money: staking tokens and transactions through the Dapp platform. Both of these options are available to users of all levels, so you don't need to be super tech-savvy or have vast amounts of money to start earning passive income with Catecoin!


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Updated: 21 Feb 2022, 05:57 PM IST
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