Catfish Worth Prediction: CATFISH Surges 340%, However Can It Outperform This New Meme Coin That Vows One other 100X Explosion

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The Catfish value skyrocketed 340% within the final 24 hours to commerce for $0.001192 as of three:15 a.m. EST time.

It comes amid rising market optimism after the Bitcoin value blasted previous the $50,000 psychological degree.

Meme cash are within the frontline for the altcoins benefiting from this broader market rally and CATFISH is trending excessive on Solana’s DEXTools scorching pairs.

🔥 Catfish has simply entered Solana Dextools scorching pairs

Token: #CATFISH
Twitter: @catfishonsol
Dextools: https://t.co/aIxQGM3acY

— CryptoTrending (@DexBotOG) February 13, 2024

Catfish Worth: Technical Evaluation

On the 4-hour timeframe, the Catfish value is sitting on crucial Fibonacci degree, 61.8%, at $0.001193. The Relative Power Index (RSI) is southbound, suggesting falling momentum. Nonetheless, contemplating its place at 63, the value power is powerful. The pullback comes as CATFISH was overbought, with the RSI beforehand above the 70 degree.

It subsequently seems to be a wholesome correction, with the bulls trying to refresh after exhausted purchaser momentum. The Shifting Common Convergence Divergence (MACD) can also be rising, shifting in optimistic territory. These add credence to the bullish thesis.

Elevated shopping for strain might see the Catfish value overcome resistance because of the 786% Fibonacci degree at $0.001516. In a extremely bullish case, the features might extrapolate to fill the market vary at $0.001926. Such a transfer would represent a 30% climb above present ranges.

TradingView: CATFISH/USD 4-hour chart

Converse Case For Catfish Worth

On the flipside, if promoting strain will increase, the Catfish value might lengthen the autumn to lose the assist because of the 50% Fibonacci degree at $0.0009670. Within the dire case, the meme coin might roll over to the 38.2% Fibonacci degree at $0.0007405.

Nonetheless, for the prevailing bullish outlook to be invalidated, the Catfish value should break and shut under the 23.6% Fibonacci degree at $0.0004603. This might set the tone for the meme coin to lose the assist provided by the ascending trendline.

Promising Different To Catfish

With meme cash benefitting from the power within the Bitcoin value, buyers are additionally taking a look at different promising alternate options for his or her portfolio diversification. Sponge V2 is the newest meme coin sensation, arising after its forerunner, Sponge V1, was discontinued on Feb. 5.

📣 Consideration, #SPONGERS!

Right here is a few necessary data to recollect about $SPONGE V2!$SPONGE V1 has formally been discontinued, and V2 has been launched on #Polygon! 🔥

Study extra concerning the token particulars under 👇https://t.co/TCdxgXx40w

🧵1/3 pic.twitter.com/YZzXOlKmHY

— $SPONGE (@spongeoneth) February 6, 2024

The token stands among the many meme cash that analysts say might report exponential features at launch. The venture has migrated to the SPONGE V2 Polygon model of the digital asset, a transfer that was accelerated by a latest malicious assault on its liquidity pool.

🚨 Vital data 🚨

Our V1 Snapshot might be taken on the fifth of February at 11pm UTC, $SPONGE V1 will then instantly be discontinued.

Comply with this thread emigrate your Decentralised and Centralised tokens to V2 earlier than it is too late! 👇

🧵 1/4 pic.twitter.com/qPSTIX6dNT

— $SPONGE (@spongeoneth) February 2, 2024

The token will quickly listing on a number of exchanges. Nonetheless, earlier than this occurs, the staking operate continues to provide buyers a number of alternatives for incomes revenue passively.

Purchase and stake Sponge V2 to begin incomes rewards right this moment.

Ladies will come and go however $SPONGE will at all times keep! 🧽🧽

Stake your $SPONGE tokens now earlier than February fifth! ⏰

Bear in mind, holders on each DeFi and exchanges ought to stake their Sponge V1 by our web site to have the ability to declare SPONGE V2.#SpongeV2 #Crypto #AltSeason #BTC #100x pic.twitter.com/VWqy88wDBA

— $SPONGE (@spongeoneth) February 4, 2024

Spongers will acquire tokens by staking $SPONGE earlier than the declare date. Token holders are at present having fun with annual proportion yields (APY) as excessive as 197%, with upwards of 8.196 billion tokens already staked. That is among the many the reason why analysts rank it among the many prime 5 cryptos to spend money on now.

With the Solana hype fading, and Ethereum being the main altcoin, the latest bullish flip available in the market might probably encourage confidence in meme cash on its community. That counsel extra funding would possibly quickly stream to initiatives like Sponge V2 that run on the Ethereum ecosystem.

Purchase and stake $SPONGE right this moment and it might arrange your crypto portfolio for spectacular returns, with crypto analyst Jacob Bury anticipating a doable 1000X explosion at launch.