Catfish Price Prediction: CATFISH Surges 340%, But Can It Outperform This New Meme Coin That Vows Another 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 stage.

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

🔥 Catfish has simply entered Solana Dextools sizzling pairs

Token: #CATFISHTwitter: @catfishonsolDextools: 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 stage, 61.8%, at $0.001193. The Relative Energy Index (RSI) is southbound, suggesting falling momentum. Nevertheless, contemplating its place at 63, the worth energy is powerful. The pullback comes as CATFISH was overbought, with the RSI beforehand above the 70 stage.

It due to this fact seems to be a wholesome correction, with the bulls seeking to refresh after exhausted purchaser momentum. The Transferring 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 as a result of 786% Fibonacci stage at $0.001516. In a extremely bullish case, the positive aspects 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 as a result of 50% Fibonacci stage at $0.0009670. Within the dire case, the meme coin might roll over to the 38.2% Fibonacci stage at $0.0007405.

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

Promising Various To Catfish

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

📣 Consideration, #SPONGERS!

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

Study extra concerning the token particulars beneath 👇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 positive aspects at launch. The venture has migrated to the SPONGE V2 Polygon model of the digital asset, a transfer that was accelerated by a current malicious assault on its liquidity pool.

🚨 Vital info 🚨

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

Observe 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 record on a number of exchanges. Nevertheless, earlier than this occurs, the staking operate continues to provide traders a number of alternatives for incomes revenue passively.

Purchase and stake Sponge V2 to start out incomes rewards at this time.

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

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

Keep in mind, holders on each DeFi and exchanges ought to stake their Sponge V1 via 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 achieve tokens by staking $SPONGE earlier than the declare date. Token holders are at the moment 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 explanation 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 current bullish flip available in the market might probably encourage confidence in meme cash on its community. That recommend extra funding may quickly stream to tasks like Sponge V2 that run on the Ethereum ecosystem.

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