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How to Buy Catslap ($SLAP) – A Simple Guide

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Kane Pepi

Last updated on: 26 November 2024

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Ilija Rankovic

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Catslap ($SLAP) is a brand-new meme coin from the cat-themed niche. It operates on the Ethereum blockchain and has just launched on the Uniswap exchange.

Crucially, Catslap didn’t have a presale, meaning it’s a fair launch project. This guide explains how to buy Catslap in under five minutes. Read on to invest in $SLAP before the project becomes mainstream.

How to Buy Catslap – Detailed Walkthrough for Beginners 

This section provides a more detailed walkthrough on how to buy Catslap. Follow the steps below to obtain SLAP in under five minutes.

Step 1: Download and Install Best Wallet

Visit the Best Wallet website and download the iOS or Android app. As mentioned, this is because Best Wallet provides seamless access to $SLAP without requiring users to visit the Uniswap exchange.

Importantly, Best Wallet is a self-custody wallet with over 1 million app downloads. Therefore, it provides a safe and private investing experience.

Once downloaded, open the Best Wallet app and create a PIN. Set up two-factor authentication and biometrics, and write down the wallet’s backup passphrase.

Step 2: Transfer or Buy $ETH

The only trading pair for Catslap is $SLAP/$ETH. This means you need $ETH in your Best Wallet app to buy $SLAP.

Already have $ETH stored elsewhere?

• Click on “Ethereum” followed by “Receive”
• Transfer ETH to wallet address provided (this is unique to your Best Wallet account)

Don’t have any $ETH?

You can buy $ETH instantly without leaving the Best Wallet app. It supports multiple currencies and payment methods, and fees are built into the exchange rate.

Step 3: Find Catslap

Now click on the ‘Upcoming Tokens’ button. Find ‘Catslap’ and click the respective button.

Step 4: Buy Catslap

Finally, all that’s needed is the investment parameters. This means providing the total investment size, stated in $ETH or $USDT. The equivalent number (estimated) of $SLAP tokens will be displayed. Confirm the order and wait for the transaction to be executed.

Behind the scenes, Best Wallet completes the trade on Uniswap. You should find the purchased $SLAP tokens in your wallet balance a few moments later.

What Is Catslap?

Catslap is a new crypto token from the ‘cat meme coin’ niche. This is a hot narrative right now, with many cat tokens producing explosive growth.

• For example, Popcat is one of the best meme coins for performance in recent times. Launching in December 2023, Popcat is up over 8,000% since its inception.
• Similarly, Mog Coin has increased by over 10,000% since November 2023.

However, these cat meme coins, alongside other market leaders, already have massive market capitalizations. This means that a lot of the upside potential has already been realized. In contrast, Catslap has a market capitalization of just under $14 million. This makes SLAP one of the best new cryptocurrencies for low-cap investors.

In addition, Catslap was a fair launch project. There was no presale or initial coin offering (ICO), so everyone gets a fair chance of entering the market early. Put otherwise, preferential treatment wasn’t provided to “insiders” or venture capitalists.

In terms of tokenomics, Catslap is an ERC-20 token with a maximum supply of 9 billion $SLAP. Those buying $SLAP on Best Wallet are eligible for staking rewards, which isn’t the case when using Uniswap. The current APY is 40%.

Is Catslap a Good Buy?

Here’s the investment thesis for Catslap:

• Cat-themed coins are a hot niche: Previous meme coin rallies have been dominated by dog-themed projects, such as Dogecoin, Shiba Inu, and dogwifhat. However, market trends have since shifted toward cat coins. As mentioned, the likes of Popcat and Mog Coin have produced unprecedented returns over the past year.
• First-mover advantage: As per CoinMarketCap, Catslap has been trading for under 48 hours. This means you can buy $SLAP early and secure a first-mover advantage. After all, those investing before the broader markets often witness the biggest returns. This is no different from buying Tesla stock before electric cars became socially accepted.
• Micro-cap valuation: One of the best benefits of buying Catslap is its valuation. It has a market capitalization of under $14 million, which is small-fry when compared to other top cat meme coins. Consider that 100x gains would value Catslap at $1.4 billion. Conversely, Popcat would need a $130 billion valuation to replicate these returns.
• Fair launch: Most meme coins have a presale or ICO campaign before launching on exchanges. This means that those who missed the fundraising event have to pay a higher price. In contrast, Catslap is a fair launch project, as its tokens were immediately listed on the Uniswap exchange.
• Staking rewards: Long-term investors seeking the largest gains might consider staking $SLAP. This enables holders to earn passive rewards. Otherwise, the tokens will sit idle in a crypto wallet. The APY is competitive at 40%. However, you must buy $SLAP via Best Wallet to be eligible.

Catslap Price Performance and Prediction

According to the blockchain data, Catslap was launched at $0.00011. It immediately rallied to an all-time high of $0.005238. This represents explosive growth of over 4,600% in under 24 hours of trading. Currently, Catslap trades at $0.003354. This represents a dip of 43% from the all-time high, which is normal for new meme coins with a small market capitalization. 

Even so, current prices are still almost 3,000% higher than the $0.00011 launch valuation. In terms of making a Catslap price prediction, the first target will be a return to the $0.005238 level. This would require an upside of just 53%. Considering the small valuation, this could be achieved in days, potentially hours, if the markets are bullish.

Over the longer term, Catslap aims to become the next Popcat, which is currently valued at about $1.3 billion. This would demand gains of approximately 92x from SLAP’s current price. Perhaps a more realistic target is to flip Simon’s Cat, which has a market capitalization of about $325 million. From current prices, $SLAP would need to increase by 23x.

Conclusion

In summary, we’ve explained how to buy Catslap on Best Wallet, which is the easiest method for beginners. Plus, by using Best Wallet, Catslap can be staked at 40% APYs, so it makes sense for the passive income available.

Crucially, Catslap is a new cat meme coin with a micro-cap valuation. Even so, it has already produced gains of several thousand percent. This is impressive, considering it’s been live for under 48 hours.

FAQs

References

• Catslap Whitepaper (Catslap)
• Catslap Audit (SolidProof)
• Crypto Gets Crazy Again With Dog-Inspired Tokens and Bitcoin Eyeing $45,000 (Bloomberg)
• Crypto Price Data (CoinMarketCap)
• What’s Going On With Solana, Popcat, AI Crypto Coins? Here’s What Technical Analysis Says (Benzinga)

Kane Pepi

Kane Pepi is an established financial and crypto content writer who has an impressive portfolio of over 2k articles, guides, and market insights. With his market knowledge in specialized areas such as asset valuation and analysis, portfolio management, and financial... Read More

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