Key Takeaways
The world of Toncoin-based gaming got a little bigger in September 2024. Not only did the much-hyped Hamster Kombat (HMSTR) token come out, but Catizen’s CATI crypto was officially launched on Sept. 20.
However, the price of CATI has fallen since its release, from more than $1 to slightly more than $0.50 in just over two weeks.
The decline continued in October and culminated in an all-time low of $0.2635 on Nov. 3. Since then, though, it has moved up with a buoyant crypto market, and by Nov. 19, 2024, CATI was worth about $0.59.
Let’s now look at our Catizen price predictions, made on Nov. 19, 2024. We will also examine some of the Catizen price history and talk a little about what Catizen is and what it does.
Here are our CATI price predictions, made on Nov. 19, 2024. Although we take the utmost care when making our price forecasts, we need to remind you that price predictions, especially for something as potentially volatile as crypto, can often be wrong.
Minimum Catizen Price Prediction | Average Catizen Price Prediction | Maximum Catizen Price Prediction | |
---|---|---|---|
2025 | $0.40 | $0.85 | $1.50 |
2026 | $0.60 | $1.20 | $2.50 |
2030 | $1.50 | $3.50 | $7 |
By 2025, CATI is expected to recover from its current correction and build momentum as it establishes higher lows. With a growing ecosystem and increased market adoption, the price could average around $0.85, while a bullish sentiment may push it to $1.50. However, if market conditions weaken or key support levels fail, CATI may revisit lower levels near $0.40.
In 2026, CATI could benefit from stronger market fundamentals and increasing adoption, driving higher prices. After completing a potential multi-year cycle, the average price is projected at $1.20, with a bullish scenario targeting $2.50. If the market experiences prolonged consolidation or setbacks, a low of $0.60 remains possible.
By 2030, CATI is expected to capitalize on long-term growth in blockchain and cryptocurrency adoption, positioning itself as a key player in its niche. This could lead to an average price of $3.50, with a bullish scenario pushing it to $7 if market expansion accelerates. However, unforeseen challenges or global market conditions could limit its price to a minimum of $1.50.
CATI recently completed a five-wave pattern, peaking at $0.8284 on November 18 before entering a sharp corrective phase, retracing 30% to the 0.382 Fibonacci level at $0.59. This correction follows a breakout from a prolonged WXY corrective pattern that concluded at $0.26 on November 4, setting the stage for the recent bullish rally.
The breakout from the descending wedge confirmed a shift in momentum; however, the current retracement suggests CATI is now entering a corrective ABC phase. Key support levels to watch during this phase include $0.5476 (0.5 Fibonacci) and $0.4814 (0.618 Fibonacci), which could serve as a base for the next impulsive wave.
The corrective ABC phase will likely continue, with wave A approaching support at $0.5476, followed by a potential wave B relief bounce targeting $0.61 (0.382 Fibonacci) or $0.70 (0.236 Fibonacci). Wave C could resume the correction to deeper levels, with targets near $0.48 (1 Fibonacci extension) or $0.40 (1.272 Fibonacci extension).
If CATI holds above $0.4814, it could stabilize and resume its upward trend after the correction is completed. However, failure to hold above these levels might signal further downside, delaying the next bullish phase. The Catizen price prediction for the next 24 hours depends on whether CATI can stay above $0.4814
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Nov. 19, 2024, Catizen’s ATR was 0.05, suggesting relatively high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
Catizen is part of the world of Web3 gaming, so let’s compare its price with that of similar tokens.
Let’s look at some key dates in the admittedly short Catizen price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a Catizen price prediction.
Time period | CATI Price |
---|---|
Last week (Nov. 12 2024) | $0.4584 |
Last month (Oct. 19, 2024) | $0.4479 |
Launch price (Sept. 20 2024) | $1.11 |
All-time high (Sept. 20, 2024) | $1.11 |
All-time low (Nov. 3, 2024) | $0.2635 |
The market capitalization, or market cap, is the sum of the total number of CATI in circulation multiplied by its price.
On Nov. 19, 2024, Catizen’s market cap was about $166.7 million, making it the 312th-largest crypto by that metric.
Supply and Distribution | Figures |
---|---|
Maximum Supply | 1,000,000,000 |
Circulating supply (as of Nov. 19, 2024) | 286,216,950 (28.62% of maximum supply) |
In its technical documentation or whitepaper , Catizen describes itself as “a cat-themed social entertainment experience on Telegram, blending playful interactions with the power of the TON Blockchain.”
It says: “Building on Telegram’s vast user base, Catizen is designed to become a hub for Web3 activities, combining a mini-app center with Launchpool and an Open Task platform.
“By gamifying the Attention Economy and leveraging Decentralized Value Realization, Catizen creates an ecosystem where users can enjoy engaging, fun, and rewarding experiences.”
Catizen is a cat-themed game that offers a blend of entertainment and social interaction. Based on the Toncoin blockchain. , the game introduces a player-owned economy where in-game achievements can hold real-world value.
In Catizen, players can engage in various activities such as merging and upgrading cats, fishing, inviting friends, completing quests, and participating in staking and mining.
CATI is the governance and utility token that powers the Catizen ecosystem. Holders can earn rewards such as third-party utility tokens and in-game virtual items by staking CATI, playing games, and participating in governance votes.
It is hard to say. The token has fallen since its release, and it is difficult to tell what it can do to generate interest in a crowded market.
As always with crypto, you should do your own research before deciding whether or not to invest in CATI.
No one can really tell right now. While the Catizen crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Before deciding whether to invest in Catizen, you must research CATI and other coins and tokens, such as Hamster Kombat (HMSTR). Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
According to our price predictions based on technical analysis, Catizen may reach that level by the end of 2025.
The CATI coin helps power the Catizen game. People can also buy, sell, and trade CATI on exchanges.