Crypto markets are entering a frenzy following the resignation of Securities and Exchange Commission (SEC) Chairman Gary Gensler. Hyped-up volatility stemming from Chris Giancarlo rumors has seen Bitcoin price hit a new all-time high above $98K. As cat meme coins go crazy, which meme coin will hit $1?
SEC Chairman Gary Gensler has been the crypto industry’s boogeyman since his appointment in 2021; initial optimism for the former MIT Professor quickly led to loathing and hatred amongst traders after Gensler started what has been labeled a ‘crusade’ against cryptocurrency.
But following the seismic US election, which has triggered a meteoric rise in Bitcoin price as markets take stock of America’s first pro-Bitcoin President, speculation of Gensler’s resignation has been widespread.
Gensler Crypto Rally Pushes Bitcoin Price Just 2% Away From $100K
Today, rumors became a reality as the SEC announced today that Gensler would be stepping down upon Donald Trump’s inauguration on January 20, 2025.
This coincides with headlines that former CTFC Chairman Chris Giancarlo could be making a comeback in the first-ever White House ‘Crypto Czar’ role as part of a broader plan by the incoming Trump Administration to grow the US digital asset market and industry.
In addition to the blaze, initial plans outlining Trump’s establishment of a US Bitcoin Reserve have been revealed.
BREAKING: 🇺🇸 Donald Trump's 'crypto advisory council' expected to set up strategic #Bitcoin reserve, Reuters reports. pic.twitter.com/b6axNJ61oI
— Bitcoin Magazine (@BitcoinMagazine) November 21, 2024
With the boogeyman heading for the exit, an old ally at the door, and hyperbitcoinization a near reality, crypto markets are reacting with enthusiasm, and amid exceptional Bitcoin dominance, Bitcoin price continues to lead the way with a defiant push to $98,831 – near $100K.
(BTCUSDT)
EXPLORE: 17 Best Crypto to Buy Now in 2024
Cat Meme Coins Heat Up Amid Gensler Crypto Hype: But Which Meme Coin Will Hit $1? Best Cat Coin to Buy?
With hysteria sweeping markets, meme coins are leading the charge as the shining star of 2024, with the total meme coin market cap currently standing at $115Bn.
Capturing the attention of traders today, Cat meme coins continue their skyrocketing performance – which has dominated market trends in recent months and persists despite the TikTok meme coin fad.
Looking at the biggest Cat meme coins, Popcat remains the top performer with a +198% return on Solana over the past 3-months.
This is closely followed by BSC rival Simon’s Cat, which is standing at a +151% gain in the same period, as well as MOG with a +132% gain – the SPX certainly can’t do this!
Yet, with top cat meme coins standing at already jaw-dropping multi-billion dollar market caps, it’s understandable that many retail investors feel side-lined and left with limited opportunity.
This is fuelling a rapid hunt for the next cat coin to explode, and 99Bitcoin’s top analysts are noticing a surge in whale movements into a new cat in town this afternoon.
99Bitcoin’s Pick: Don’t Miss This Skyrocketing New Cat Meme Coin – Easiest 10X Play This Weekend? Which Meme Coin Will Hit $1? It Could Be This!
A new cat coin launch sent a shockwave through the meme coin market this afternoon after the aptly named CatSlap crypto exploded onto DEX markets in an eruptive +1,700% opening move.
99Bitcoin’s analysts are noting major whale movements in the order book as fat $20,000 buys are rocking the chart from early-bird whale wallets taking a position in the surging project.
(SLAPUSDT)
Now standing at an alluring $9.6M market cap, the SLAP price looks poised for a major skyrocket. The coin is expected to move quickly from $10M to $50M market cap following earnest developers’ bullish announcement of a 60-day liquidity lock.
Since launch, the token has remained in a tight bullish trading channel, suggesting an ascendent trajectory on the short-time frame as SLAP continues to gain ground amid 56% buy pressure in the order book over the past hour.
Liquidity is currently at $1.7M, suggesting the team behind this new launch is not messing around and is here to shake up the cat coin game.
Indeed, it seems the CatSlap team is run by pros – you can tell because they’ve already inked a deal with fast-growing next-generation crypto wallet Best Wallet, where you can buy the $SLAP token.
That’s important because it means $SLAP starts life with exposure to a community of 60,000 people who use the wallet’s ‘Upcoming Tokens’ section, where presale and new launches are available for purchase.
The market reaction reaffirms this, with a huge influx of $6.71M volume in less than 10-hours of trading after SLAP crypto was called by major influencers on crypto X and YouTube.
To stay fully connected with this project’s developments, you can monitor X for updates, and don’t forget the staking opportunity for SLAP, which lets you earn a passive 40% APY while holding on the 100x journey to a $1Bn market cap!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
In This Article
- Gensler Crypto Rally Pushes Bitcoin Price Just 2% Away From $100K
- Cat Meme Coins Heat Up Amid Gensler Crypto Hype: But Which Meme Coin Will Hit $1? Best Cat Coin to Buy?
- 99Bitcoin's Pick: Don't Miss This Skyrocketing New Cat Meme Coin - Easiest 10X Play This Weekend? Which Meme Coin Will Hit $1? It Could Be This!
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