Catizen Price Prediction 2024: CATI Price Analysis
What's ahead for Catizen? l Credit: Hameem Sarwar/CCN.com
Key Takeaways
- Catizen launched its CATI token on Friday, Sept. 20.
- The token is trading as an IOU on several centralized exchanges.
- One price prediction says CATI may reach $1.50 next year.
Catizen Network Price Prediction
Let’s examine some of the Catizen Network price predictions CCN made on Sept. 16, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum CATI Price Prediction | Average CATI Price Prediction | Maximum CATI Price Prediction | |
|---|---|---|---|
| 2024 | $0.50 | $0.75 | $1 |
| 2025 | $0.80 | $1.14 | $1.50 |
| 2030 | $5 | $7 | $10 |
Catizen Price Prediction 2024
Before it goes live on Binance, based only on trading activity on XT so far, CATI price could reach targets between $0.50 and $1 by the end of 2024, with the average price set at $0.75.
Catizen Price Prediction for 2025
Technical analysis suggests a potential increase for Catizen in 2025. The minimum CATI price expected for 2025 is $0.80 while the maximum one is $1.50. In the middle, it may reach $1.14.
Catizen Price Prediction for 2030
Based on technical analysis, the CATI token may reach a maximum level of $10 at the beginning of the next decade, while, in the worst scenario, it may go to $5. The average expected price is $7.
CATI Price Analysis
The price of CATI started its uptrend on Sep. 6, trading at $0.33. From there, we saw an increase of 160%, leading to a high of $0.846 on Sep. 14. The price made a downturn and fell to $0.66 today, Sep. 16, but a bounce followed to a high of $0.77.
An ascending channel formed since its market release could have been the starting five-wave pattern. If this is true, today’s decline to the 0.382 Fibonacci retracement level could mark the completion of wave 4, meaning that the following bounce is its starting of wave 5.
Projecting the target for its final wave to the 0.786 Fibonacci extension level, which matches the ascending resistance, we reach $0.96 for its final high in this advancement. Should this play out, CATI will complete its first five-wave pattern in a starting bull cycle, which the first bullish correction will likely follow.
When this stage ends, the price would have the potential to continue its upward trajectory decisively and lead to further highs in 2024.
Catizen Relative Strength Index (RSI): Is CATI Overbought or Oversold?
Catizen Price Performance Comparisons
Catizen Price History
Following that, we should take a look at some of the key dates in the 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.
However, since the coin has yet to trade on Binance, it’s impossible, right now, to provide a price history for it. What follows is the trading chart as an IOU on XT.
Catizen Market Cap
The market capitalization, or market cap, is the sum of the total number of CATI in circulation multiplied by its price. On Sept. 16, 2024, the market cap figure was still unavailable. According to CoinMarketCap, the maximum supply on its launch date will be one billion CATI.
Catizen Supply and Distribution
| Supply and Distribution | Figures |
|---|---|
| Maximum supply | 1,000,000,000 |
| Circulating supply (as of Sept. 16, 2024) | Not Available |
From the Catizen Whitepaper
In its technical documentation, or whitepaper , Catizen says it is “a cat-themed social entertainment experience on Telegram, blending playful interactions with the power of the TON Blockchain.”
Catizen aims to simplify Web3 access but also make mobile payments seamless, transforming the way users engage with decentralized technologies. “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.”
“Our vision is to drive the future of Web3 entertainment, with Catizen at the heart of this vibrant, cat-inspired community,” the company behind CATI said.
Catizen (CATI) Explained
Catizen is a cat-themed game that offers a unique blend of entertainment and social interaction. Powered by blockchain technology, 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. These activities not only provide enjoyment. But also offer opportunities to earn in-game resources that can be traded or used to enhance gameplay.
The game’s decentralized nature ensures that players have ownership of their digital assets, fostering a sense of community and empowering users to benefit from their involvement.
How Catizen Works
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.
The total supply of CATI is set at one billion, with no additional tokens to be created. Of this supply, 34% will be airdropped to players over 12 quarters, beginning with 9,900,000 tokens in the second quarter. 9% will be allocated to the Launchpool, while 5% will be used for liquidity purposes.
The treasury will hold 15% of the total supply, reserved for long-term development. 20% and 10% will go to the team and investors, respectively. Both are subject to a 12-month cliff and 48-month linear release. Advisors will receive 7%, also following the same vesting schedule of a 12-month cliff and a 48-month linear release.
Is Catizen a Good Investment?
It is hard to say. The token has yet to launch officially.
As always with crypto, you should do your own research before deciding whether or not to invest in CATI.
Will Catizen go up or down?
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, too, that prices can, and do, go down as well as up.
Should I invest in Catizen?
Before you decide whether or not to invest in Catizen, you will have to do your own research, not only on CATI but other coins and tokens such as Hamster Kombat (HMSTR). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
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