By Riya M 
The cryptocurrency market has experienced yet another entrant in the world of meme coins as SUPERCAT joins other players as a feline-based token. SUPERCAT that is currently ranked 3609th on leading websites that track crypto currencies has undergone a massive price surge and increased trading in the past few days.
As for the price of this cryptocurrency, SUPERCAT is valued at $0.00006262 at the moment, which means an increase of 27,64% within the last 24 hours. This price increase has helped claim a $62,620 market cap, but it is still a rather minor contender in a mammoth crypto space. Interestingly, the token has a 24 trading volume of $ 129 190, which is significantly higher than the company’s market capitalization, suggesting that the token is very popular among traders and has a high turnover.
Analyzing the token’s supply, a total and maximum supply of 1,000,000,000 SUPERCAT tokens is identified with all reported tokens in circulation. This fixed supply cap is considered a positive factor by investors for those who are skeptical about the increase of token value through inflation.
It would appear that meme coins are gradually returning to taking the spotlight that they enjoyed in the early days as more traders look for the next big token in this surprisingly profitable segment of the trading market. There is arguably no class of cryptocurrencies that mirrors the unregulated, decentralized nature of the Internet like the meme coins, most of which use animal logos – meme currencies are rather well-known for their unpredictable and highly fluctuating values, but they are good for making early investors rich.
The roadmap behind SUPERCAT describes the project with focus on making the token adopted by both, the cat lovers and the crypt enthusiasts. There is not much information about internal use of the token or future objectives in the roadmap part but the team stresses the importance of creating a loyal fan base for the brand and product behind SUPERCAT.
There are more mentions of SUPERCAT from enthusiasts using the token and sharing cat related material and potential how the token could be used. While some individuals have proposed that they can make donations to cat shelters, others have even thought of building a decentralized marketplace for cats and many related products.
But like any other cryptocurrency, even those on this list considered meme-coins, investors should tread lightly. This comes with different risks as it involves high frequencies as well as a high turnover which often entails huge volatility. Due to the absence of an understandable and coherent use, SUPERCAT solely applies in the communities and the speculative program, and its value mainly stems from community insights.
Tokenists have to hold their attention on the fact that these tokens are very volatile, and meme coin cycles include both speculative bubbles and crashes. The longevity and success of such projects clearly involve sustaining community interest engagement, as well as their real-world solutions, after the first phases of the initial hype.
With the market slowly moving away from the initial hype, such as the trending ‘me-too’ coins, it would be important to determine the future of meme coins like SUPERCAT. At the moment, the token has earned its place in the market share, promoting the concept of animal-themed cryptocurrencies.
The investors and fans of crypto will wait, whether SUPERCAT can sustain the surge and possibly move up in the ranking. Of course, that is true every day, in the world of cryptocurrency, this may change in the next day and greatly influence the token.