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This Meme Coin Jumps by 50% Following Further Support From Binance
The cryptocurrency market has witnessed a sudden surge in meme coins, with the latest addition to the list being Simon’s Cat (CAT). The token has seen an incredible 50% price jump following further support from Binance.
The exchange’s most recent move involves including CAT in multiple trading programs. This includes its HODLer Airdrops Portal, Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures programs. As a result, the token has skyrocketed to new heights, reaching an all-time high of $0.00006330.
The rapid price increase can be attributed to Binance’s backing, which has given CAT more visibility and credibility in the market. The inclusion of CAT in its trading platforms has made it easier for users to participate in transactions involving this meme coin.
CAT’s value surged by 50% on a daily scale before slightly retracing to $0.00005597. This unprecedented price spike highlights the immense potential that Binance’s support can bring to the cryptocurrency market.
This recent rally follows similar trends seen with other meme coins that have gained traction after securing partnerships with major exchanges.
Source: cryptopotato.com
