As the astronomical world of stacks and coins continues to make waves in offering an alternative digital investment, it has been joined by a new and bewildering competitor. ATH CAT is listed under the ticker symbol ATHCAT and has observed an enthusiastic growth of 14. 56% over the last one day, trading currently at $0.0007408. This is the feline-themed token that is presently sitting at position #3908 in the overall crypto ranking but recently made news both with the performance and branding efforts.
All in all, the project’s maximum supply is comprised of 1 billion ATHCAT tokens, touched in the framework of the presented project. Notably, there is a similar response when asking the circulating supply based on self-reporting that all tokens are currently in circulation. The community has embraced this kind of token distribution due to a lack of token dumps from the team’s wallet or the early investors.
Despite this, ATH CAT is currently ranked $740,830 and still among the small-cap cryptocurrencies in the market. However, the recent movement in price especially in its last couple of weeks has drawn traders interest towards the next big opportunity in the cryptocurrency market. Fully diluted valuation (FDV) works exactly like market cap, suggesting that all tokens are included in the present value.
This is, perhaps, one of the defining features in the significant performance of ATH CAT in the recent period: trading volume. Over the last day, the token has been traded for $121,100. With a volume-to-market cap of 16.35%, traders have ample liquidity and a keen interest in the token, which is more so for this cap-sized token. Such metrics may bring more traders where the number of actual quotes per security may rise, potentially deepening the markets.
The name of it being ATH CAT itself though ATH stands for All-Time High in crypto may have prompted the creation of this name. It could have been a marketing technique of explaining assets to traders as things that could continue to climb to greater prices. The cat theme will also take advantage on how animal-based meme coins have been trending in the crypto market.
Still, as has already been said, the recent increase in the price per share is rather encouraging, but potential buyers should not get too carried away. The crypto market is highly unpredictable, and even such tokens as ATH CAT may have big price changes in both upward and downward directions. The investors should take their time and ensure the basics of the project, the reason it will be created, and resistance to the test of time are investigated.
Like with many alternative cryptocurrencies, the ATH CAT’s team is still relatively anonymous and not very vocal. This is why transparency of the development team, the roadmap and the scope of the project will be vital in the process of winning the consumers’ trust in the community. Over time, investors will demand further details about its token usage and its roadmap on integration into the project.
IC is paramount in cryptocurrency projects, and we should not forget meme-based or themed-based projects. Since community engagement is one of ATH CAT’s key success factors, it had the potential to determine the future growth of the company as well as its position on the market. Thus, the further development of the project, attention will be paid to social networks, activity of developers, and cooperation with companies.
Taking into account a general view of the cryptocurrency market public, ATH CAT’s outcomes demonstrate ongoing attraction to the altcoins and the possibility of getting rich fast. However, it doesn’t make light of the fact that most small-cap tokens are highly speculative in the first place and that due diligence is always key. Like with any new idea, the crypto community continues to be split over the sustainability of such projects.
When ATH CAT will keep on building its audience, it will also face such issues as sustainment of its growth and effective implementation of its purpose for the benefit of its holders. The next several weeks and months will decide whether this feline-themed token will be able to climb the ranks above other cute animals and become more than just the latest meme coin among hundreds of others in the crypto world.
