Bitcoin’s latest all-time high has meme coins roaring back to life.
PNUT, Dogecoin Pumps Follow Bitcoin ATH - Catslap Smart Meme Coin Play for 2025?
This article was published more than a year ago. Some information may no longer be current.
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Dogecoin and Peanut the Squirrel are two of the top performers, posting impressive gains in the past 24 hours.
Meanwhile, newcomer Catslap might be next to rally – with investors suggesting it could be a smart buy for a potential bull run next year.
Dogecoin & Peanut the Squirrel Benefit from Bitcoin’s Momentum
Dogecoin has benefited from Bitcoin’s recent success, climbing over 6% yesterday before topping out at $0.44.
While DOGE has pulled back since then, this is typical of the coin’s choppy price action lately – quick highs followed by dips.
But zoom out, and you’ll see DOGE remains on an uptrend, especially on the 4-hour chart.
Most traders believe this is just natural price action after such a vertical rally in mid-November.
PNUT has been following a similar trend.
It surged over 17% on Thursday and continues to show bullish momentum despite a slight pullback to $1.36.
PNUT’s spot trading volumes hit $1.4 billion in the past day alone – making it the fourth most traded meme coin in the world.
It even flipped POPCAT in terms of market cap.
Overall, DOGE and PNUT’s rallies show how strongly Bitcoin’s positive energy can spill over into the meme coin space.
Bitcoin Breaks $100,000 in Historic Crypto Milestone
Bitcoin finally broke the six-figure mark on Wednesday evening and hit an all-time high of $103,900 the next day.
Reaching $100,000 triggered a lot of sell orders – which has led to the price cooling off a bit.
Still, this is a massive milestone for Bitcoin, pushing its market cap above $2 trillion for the first time.
Bitcoin’s rally hasn’t come out of nowhere.
It came on the heels of some important news events – such as Donald Trump nominating former SEC commissioner Paul Atkins as the new SEC chair.
The coin’s rally has also been fueled by retail enthusiasm.
30-day demand from retail investors hit a new high, passing levels last seen in 2020.
This retail interest, combined with the institutional interest, seems to be creating sustained buying momentum.
And that’s helping Bitcoin post new highs.
The huge demand is also evidenced by the Coinbase premium index, which is on its best streak since March.
So, although Bitcoin has dipped below $100,000, sentiment remains positive.
Is Catslap the Next Big Meme Coin Play? SLAP Price Surges Ahead of First CEX Listing Today
With Bitcoin’s rally making headlines, attention is also turning to smaller meme coins that could benefit from all the excitement.
Catslap is one of those meme coins.
Since launching on Uniswap in late November, it has been a huge success, rising over 4,600% from its listing price.
SLAP even peaked at a 7,400% gain on Wednesday before pulling back slightly.
But many believe the token will rally again since it’s about to take a huge step – listing on a CEX for the first time.
Top crypto exchange MEXC will list Catslap today at 1pm UTC, and withdrawals will open 24 hours later.
The hype around this CEX listing is enormous.
MEXC has a reputation for giving meme coins the exposure they need to explode, much like what happened with Popcat earlier this year.
With millions of users worldwide, MEXC could bring SLAP to a much wider audience.
Additionally, Catslap’s team is rolling out a “Slap-to-Earn” feature that connects with its new token burn protocol.
They’ve even implemented regular token buybacks to prop up the SLAP price.
The experts at 99Bitcoins, a popular crypto YouTube channel with 710,000+ subscribers, have predicted that Catslap could 10x (or more) from its current position.
With strong liquidity, a growing community, and more CEX listings to come, Catslap seems well-positioned to be a smart meme coin play for 2025.
This is a sponsored story. Please conduct your own due diligence and make an informed decision before taking any action. Bitcoin.com accepts no responsibility or liability.
