After a short break, the world’s largest cryptocurrency exchange, Binance, is once again adding meme coins to its listing. Binance Futures recently introduced a USDⓈ-Margined $CAT Perpetual Contract on October 21st. As expected, the price of Simon’s Cat has surged by nearly 50% following its listing, and its daily trading volume has experienced an 1100% spike.
Experts predict that this meme coin has the potential to reach a valuation in the billions within the next few weeks. Additionally, there is significant speculation about which meme coins will be added to Binance next. Sundog, Degen, and Pepe Unchained are among the top contenders.
Binance’s increasing interest in listing meme coins suggests that the exchange believes a meme coin supercycle is on the horizon. Simon’s Cat, a Binance Smart Chain-based meme coin, was listed on Binance Futures, and there are rumors of a spot listing on Binance for CAT.
Currently, Simon’s Cat is trading at $0.000036 with a market capitalization of $244 million. Its value surged by 50% after the listing, and its daily trading volume has reached nearly $300 million.
Although Binance Futures has already contributed $73 million in Perpetual volume since the listing, experts believe that Simon’s Cat is still undervalued. Well-known crypto trader Unipcs, also known as ‘Bonk Guy,’ has opened a leveraged long position on CAT, citing its strong social following, support from Floki, and the potential Binance spot listing as reasons for his bullish outlook.
Another popular crypto investor, The Alchemist, predicts that Simon’s Cat will surpass the billion-dollar mark, especially after breaking the upper trendline of its descending wedge. TraderSZ, a well-known crypto influencer, is also optimistic about the meme coin. Notably, he was an early investor in NEIRO token before its surprising listing on Binance.
Interestingly, Simon’s Cat shares a similarity with First Neiro On Ethereum, as they were both low-cap meme coins before being listed on Binance. NEIRO had a valuation of only $15 million, while CAT was around $160 million.
Binance co-founder He Yi has announced that the exchange plans to onboard low-cap meme coins with high decentralization to revive the anti-Wall Street spirit of the sector.
Considering the upcoming meme coin supercycle, it is unlikely that Binance will halt its meme coin listings anytime soon. Savvy investors are trying to anticipate and get ahead of the next potential Binance listings.
Sundog, the leading Tron meme coin, is a frontrunner for listing on Binance. It has a partnership with First Neiro On Ethereum and strong support from Tron co-founder Justin Sun. Degen, another low-cap meme coin with a market cap of $125 million, could also be listed on Binance, especially since it recently joined Coinbase.
Lastly, Pepe Unchained (PEPU) has been gaining significant momentum as a low-cap project that could launch on top-tier exchanges, including Binance. PEPU has had a successful presale, raising nearly $21.5 million in early investments, thanks to significant whale investments.
Pepe Unchained stands out from other frog meme coins due to its utility-driven approach. It is launching a Layer-2 blockchain on Ethereum specifically for meme coin trading and offers a native staking protocol with an APY of 105% for presale buyers.
Thanks to its unique value proposition, PEPU has caught the attention of prominent crypto investors, with some considering it one of the best presale meme coins to invest in. Some even predict that Pepe Unchained could be the next crypto to see a 100x return on investment.
For more information, visit the Pepe Unchained presale.
