A Deep Dive Into Catizen (CATI) Token | Usecase And Price Prediction
Ton based telegram games are becoming the talk of the town getting supported by millions of people and the support of Binance as well. The most recent examples we have is DOGS , Hamster Kombat and now binance is supporting Catizen. I see a lot of people are talking about Catizen so i decided to share my opinion on it as well. In this article we will discuss binance 59th launch pool #CATILAUNCHPOOL
What is Catizen Game? Catizen games is a mini game built on Ton and Mantle blockchain. The main goal of the game is to breed cats and earn game tokens, in particular Kitty and Fish, which can be used to get various benefits in the game and participate in AirDrop. Millions of users participated in Catizen game according to their stats the game has 38 million players with 6.2 million daily active players. (Pretty impressive number i would say)
Since the project is about to launch so we will focus more on the plans and use case of the project rather talking about how you can play the game. What makes Catizen different from other project? Catizen has quickly become a major player in the Web3 gaming space. In just six months since its launch, Catizen has amassed 38 million users, including 800,000 paying users who contribute an average revenue of $27 -$33 each. This rapid growth has made Catizen the highest-earning app on Telegram, outpacing all other mini-apps on the platform. This means not only they have active users they also generated a good amount of revenue from these users as there was an option to upgrade the cats to earn more rewards and with this catizen total revenue surpassing $25 million. Catizen Investors According to reports Binance Labs has invested an undisclosed amount of money in Pluto Studio, the publisher of the Telegram mini-game Catizen.Pluto recently also raised $6 million in two rounds, co-founder Ricky Wong told The Block. Catizen Game Partners Here is the list of Catizen partners
What are the use cases of this project? CATI Staking To reduce the possibility of an instant selloff by allowing users to stake CATI to earn extra rewards. Available as soon as the allocation is revealed, the staking period will run through until September 24. Each account will be limited to earning an additional 1,000 CATI.Full-scale launch of the AI Cats feature, enabling users to interact with intelligent cat avatars for a more immersive gaming and social experience.Expansion of Catizen with over 200+ mini-apps, transforming it into a comprehensive mini-game and social hub. CATI Tokenomics
CATI as the Catizen's governance/utility Token, has a total supply of 1 billion, which will never be increased. The above picture is the releasing schedule and economic models. My Opinion On Project I believe in community based project it's always the community who makes or breaks a project. Looking at the size of the community i think the numbers are quite impressing and if they keeps engaging the community with the project, it can do well. As there are millions of participants and millions will receive the airdrop as well and i like the team idea of offering Cati staking so those who receive the free tokens can stake to earn more tokens. This will somehow reduce the sell pressure. Also i like their strategy of generating revenue from the users. Not every project does that but you have to accept that no project can run without having money in their reserves. This revenue will help the project in their future development and marketing. The project also has some good investors behind it's back one of the key investor is binance labs. Like i said if they keep engaging the community with the project it can do well as we don't have many cat based projects in crypto space so there is a chance that catizen secure a place. My Price Prediction For CATI
No one know what the exact launch price will be but we will do the basic math based on the last launchpad coins. We will get the information of the marketcap of these coins when the trading was started.
The average launchpool coin that launched on Binance has a marketcap of $350-$500 million and DOGS was launched at $600m marketcap.
Lets say CATI launch at $500 million marketcap and the total supply is 1 Billion and the circulating supply at the time of the launch will be 305,000,000 CATI (~30.5% of total token supply)
Based on my caclulation i think it might be launched at $1.15 - $1.64 And if it launch at the marketcap of $600 million like DOGS the price can be around $2 It's just my observation based on previous launchpools. What's your price prediction ?
Your opportunity to earn Catizen tokens with BNB Staking
How to earn CATI tokens on Binance Launchpool? If you want to earn catizen tokens, the first thing you'll need is a Binance account. Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in cati token farming on Binance Launchpool. Once your account is ready, youâll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways of buying these tokens with either crypto or fiat. Once you're all set with your account and balance simply click on the below link this will redirect you to the staking page Farm CATI with BNB Farm CATI with FDUSD Or you can do it manually
Head over to the menu on the top side of the Binance interface and select "More". Then, go to "Launchpad & Launchpool". Then, find the available CATI farming pools. Depending on which tokens you want to stake, select BNB Pool or the FDUSD Pool. Next, follow the instructions provided by the exchange.
Binance Launchpool Opportunity while $BNB Conoslidating around All time high
I am always a fan $BNB as it gives you the opportunity to make money while you hold it. Price is currenctly consolidating around all time high. I would not be surprised if it breaks this zone. The holders have the opportunity to farm upcoming Launchpool projects and currently you can farm 2 tokens including #BinanceLaunchpoolCATI and Hamster.
We all like the free money and BNB provide that opportunity.
I hope you liked the information about #CATILAUNCHPOOL , Let me know when you think about the project.
Everything is temporary. your life, your money , the material things you have. The best thing about life is how helpful you are to others . If GOD bless you with something just make sure you help the people around you.
Why do you trade crypto ? Let me guess⊠Because you want to make a ton of money and be able to buy anything you wish? While this is a perfectly valid reason, it will most likely lead to excessive greed and ultimately lead to your trading accountâs destruction. You might as well start trading with high leverage and gamble it away instead. Greed is the worst motivation for trading. The market will always punish greed and will reward moderation. There is a fine line between traders and gamblers. "When there is real money on the line, there are always those who take blind chances". If you want to be consistently profitable, do NOT think like a gambler, do NOT take blind chances, and do NOT solely rely on luck.Â
Remember that luck comes and goes just like the gambler.
A picture from the past when Bitcoin was trading at $11,000 and XRP at $1.380 there is a reason why I'm sharing this picture with you. There is a lesson in it. Open the picture and see that there are some coins sitting in top 10 LTC , BCH , XEM and XLM and now they're nowhere to be seen even the prices are lower than these prices and BTC is trading much higher. This is the big lesson for the people who blindly trust on Altcoins and hold these coins for their life. Everyday hundreds of coins are coming in market and you never know which coin will do what. No coin deserves to be held for long-term except Bitcoin. Choose your investments wisely. Never trust any coin for life. Get in, ride the cycle and take your money out. ONLY Bitcoin will stay here. Most of the coins will come and go in dust. Just like the coins in the list and just like The LUNA and FTX.
I caught a good move in feb , march this year and took my exit almost at the top, I'm looking forward to playing it again. But one thing is sure i will always take profits when i feel like i should no matter how good the coin is.
Will you get the same amount of hamster tokens as airdrop that you see on your screen like Dogs airdrop did?
I don't think you will get as many tokens as you see on your mobile screen. i think there will be a ratio. probably something like 1 hamster token against 1 million in game tokens or 1 hamster token against 10 million in game tokens. Not sure about the exact number but i do think there will be some ratio set.
Hamster token total supply will be 100 Billion tokens and there are so many people who currently have over 1 Billion in game tokens.
1B tokens is 1% of the total supply so it doesn't make any sense to me that they will give out the same amount of tokens to participants like the DOGS token did.
US inflation (CPI) data will be released tomorrow. i think tomorrow's newyork session will be highly volatile.
I'm not currently in any position as i said before , i do not have any clean setup on $BTC , I am planning to catch a big swing not really interested in this ping pong price action.
The Magics Of Technical Analysis | Learn How To Trade Charts | Beginner's Guide
Your ability to use technical analysis in order to make good trading decisions and inevitably make money in any market is imperative and it's something you cannot do if you do not understand some parts of technical analysis or if you don't know how to use them correctly then that is likely a huge reason that you are currently either losing money as a trader or struggling to create profits over time so for that reason today we will learn how Technical analysis works. Technical Analysis can help you to identify trends and can help you to plan your Entry and exit on any specific Coin. There are so many tools and techniques that traders use to predict the market direction but in this article we will start from the basics and focus on Support and Resistance Analysis i will also Share some live examples so you can understand it more better. What is support and resistance? Support and resistance are two important concepts in technical analysis, a methodology commonly used in financial markets to predict future price movements. Understanding these concepts can provide valuable insights for traders and investors. Support Support refers to a price level where demand is expected to be strong enough to prevent the price from falling further. It acts as a floor, preventing prices from declining. Technically, it is the price point at which the number of buyers in the market exceeds the number of sellers, leading to increased purchasing activity and a halt in the downward price movement.
Chart Example
You can see how each time price reached that area and bounced , this represents that this area is a support and buyers donât want to let the price go below it.
Resistance On the other hand, resistance is a price level where supply is expected to be strong enough to prevent the price from rising further. It acts as a ceiling, preventing prices from moving higher. Resistance occurs when the number of sellers in the market exceeds the number of buyers, leading to increased selling pressure and a halt in the upward price movement. Chart Example
In the above picture you can see how the price is getting rejected each time its approaching the area of resistance. Similar to support, traders and analysts identify resistance levels based on historical price patterns and previous highs. Most of the traders use these levels to take profits on their buys or open shorts depending on what they want to do. How to draw Support Levels? First i will show you a whiteboard picture how you can actually draw it and how it looks like and then we will see a live example on chart. Before we start drawing it, remember that technical analysis doesnât guarantee you that your analysis will always be right, you can be wrong and the probability of a failed TA will always be there.
Carefully read the above picture and notice i mentioned âYouâre expecting it to be a supportâ that means you do not have any confirmation yet that this area will act as a support or not unless price gives you a bounce from that area as i marked it later.
Chart example
Here is the real time example from the chart how the support is developed. Horizontal Resistance Drawing resistance level will be the same as support level but it is the other way around
Same description as the support.
Remember that at least three touches of the level you use as support or resistance makes it a strong area.
Now Lets Apply Support and Resistance levels on a live chart Here is the live chart of $BNB How price respected that $180 - $240 Support zone the whole time.
Here is the live example how $70k zone is reacting as resistance on $BTC
Important Message Remember that if you want to take the full advantage of #TechnicalAnalysis make sure youâre trading where the trend is. Support and resistance works perfectly when the trend is bullish or bearish. When the overall market trend is bullish your support levels will most likely work , when the market is bearish and you are trying to trade support levels it can fail your analysis because youâre taking a counter trend trade. Even though your analysis is right you can still lose money because that is how markets are designed. Long Story short Never short a resistance in Bull market Never Buy a Support in Bear Market Trend is your Best friend So keep in mind to follow the trend first and then apply your analysis on it.Â
Technical Analysis is just a tool to find your entry and Exit levels once you take a trade setup then comes the Risk Management and it is one of the key essential of trading i would say it's more important than knowing the technical analysis. If you're good at drawing levels on charts but your risk management is bad you will always struggle trading.
In My next trading lesson we will learn Risk Management.
If you learned something from this Article, Do not forget to leave your feedback.
I am not a typical signal provider you see everywhere. I post what i personally trade this is why the chart setups i post are very few.
If you're losing because of my setups i am losing with you. If i am winning and you took that same setup. We both are winning together.
Something that can make a huge difference is the way i manage my risk and the way you do. You have to learn that and do it properly based on your account size. Everything else i give you on the charts , how i am planning my trade and how i will execute it. sometimes i even record a video to briefly explain how i am looking at the market for a potential trade setup.
That's all i can do for you as a teacher. This is not my priority my aim is to teach you about the market but i still do it so that my followers can trade with me while they learn from me.
A lot of people make this mistake that they hesitate to change their bias.
if their Analysis is bullish and market doesn't go as they predicted, they don't change their bias they keep drawing levels on chart that fits with their bias.
Remember that being right or wrong on your analysis does not matter at all. The only thing that matters is how you're managing your risk and how profitable you're.
it's totally ok to be wrong no one can be right 100% of the time. If you had plans that market is bullish but now it's shifting the trend. Shift your bias as well.
Do it even if you have to do it 100 times you make money when you trade where the market trend is. Not when you stick with your bias.
$BTC (Weekly) Not really a good looking weekly chart, Rejected from $59k-60k zone and then a lowest closing candle. Cpi data will be released this week and then the next week FED interest rate decision is due. The rumors are that there will be a potential rate cut between 25 Bps or 50 bps.
if i just follow up my strategy and the chart. As long as i don't see some strength i will remain cautious being a bull on Bitcoin. Either i'll buy at some lower prices or in a better market condition.