• Today’s price of Super Cat Coin (SuperCat) has increased by 225 percent, and a new meme coin has been listed on CoinMarketCap

  • There is no shortage of new cryptocurrencies entering the market, with several experiencing huge price increases after being published on prominent platforms such as CoinMarketCap. Today we’ll take a look at Super Cat Coin, a recently listed meme-coin, and its token SuperCat. Let’s examine what all the fuss is about and why the price is skyrocketing.

    What Exactly Is Super Cat Coin?

    Super Cat Coin is a coin created by the community for all cat lovers. It’s a reflection token with a 2% return on each transaction shared to holders. This means that by keeping SuperCat in their wallets, holders can earn extra coins.

    Because this is a community-driven token, there aren’t many planned features or promises, which is a breath of fresh air in comparison to other cryptocurrencies that promise the world only to perish a week later.

    Super Cat Coin has a SuperCat coin, which is a BEP-20 token on the Binance Smart Chain. SuperCat has a total supply of 100,000,000,000,000,000. (100 quadrillion). It appears that the supply of freshly released currencies is increasing; we have yet to cover a token with a 1 quintillion supply, but I’m confident that will happen shortly.

    Why Is the Price of SuperCat Increasing?

    All joking aside, SuperCat’s current market cap is $823, with a fully diluted market cap of $94k. The incredibly low market cap is due to the fact that the team destroyed almost 98.5 percent of the total token supply, resulting in a minimal circulating supply.

    The token burn can also be confirmed by using bscscan, which shows that over 98.8 percent of the supply is in a Null Address.

    Looking at Poocoin.app, the liquidity for SuperCat is now at 112.95BNB (approximately $41.9k), which is quite respectable liquidity for a token with an exceptionally low circulating supply.

    With its current market size and recent token burn, SuperCat could be gearing up for a bullish run. If you want to invest in this token, keep in mind that it’s primarily a gamble, and the true winners with meme tokens are usually the creators.

    With a liquidity of $41k, this isn’t a currency you can make a lot of money on, but it could be a fun way to spend $100 on Sunday if you’re bored and enjoy cats.

    Also, keep in mind that with the fees in place, the coin would need to rise by at least 30-40% before you could see a significant return on your investment.

    What's your reaction?