“Every good meme deserves a Billion”. Not sure where I saw that quote, but there is a good theory behind it, and regardless of your reservations about memecoins, they represent some of the core crypto and blockchain cultures – fair launches and community-driven growth. Like Bitcoin launched as a smart contract token, they skip the part where VCs accumulate majority of the supply at massive discounts before launch.
Now, many memecoins don’t even meet these criteria and in the midst of rug-pulls and fake CTOs, even fewer memecoins meet the ‘community project’ tag. I have a handful of personal picks, my new favorite is Simon’s CAT – the buzzing memecoin project on the Binance Smart Chain (BSC).
What/Who is Simon’s CAT?
From the origin, at least 6 million people around the world love Simon’s CAT; not the memecoin, the animation series on YouTube that inspired the memecoin. Simon Tofield does great animations! And just Like Matt Furie whose ‘The Boys’ animated characters are all meme and memecoin sensations now, all of Simon’s Six CATs should follow the same route.
If you are wondering, the Simon’s CAT memecoin is genuinely endorsed by Simon’s CAT animation creators. Simons CAT was launched on the BSC network on August 22, 2024, and has matured into the network's most active project. In its 2 month months of existence, it has garnered over 232,000 holders and hundreds of thousands of active social media followers and evangelists.
While this is not necessarily a shill, Simons CAT could be the next billion-dollar memecoin. But Billion-dollar projects are not just created, they are made. The rally up to a billion-dollar valuation and beyond is a stiff run. At $237 Million market cap at the time of writing, you’d ask why Simons CAT is a candidate for this milestone. Fine, I’ll go first…
Well, it’s a cat…obviously.
Dogs are man’s best friends, but so are cats. Simon has 6 awesome furry friends and if you think owning one cat is cool; try owning two. Cats are cool…just saying. Dogs dominate the animal-themed memecoin category; several billion-dollar dog coins, but cats are making a statement and could be the next breakout memecoin narrative. Unlike the ubiquitous dog memecoins, only two noteworthy CAT coins exist to date Simon’s CAT and MEW (Cats in a Dog’s World). Cats will vie for a share of the attention on animal-themed memecoins and only two projects are well positioned for the lion share. This is the new meta…
It is the Biggest memecoin on the Binance Smart Chain.
Every reputable blockchain network deserves a billion-dollar memecoin. Top networks like Ethereum and Solana have several memecoins valued over a Billion dollars and even more valued close to this. BSC is unarguably a tier-one blockchain network and is yet to produce a billion-dollar memecoin. If you need a conspiracy theory, then this is one. Technically not reasonable that BSC is yet to host a top-ranked memecoin project. Simon’s CAT takes the lead, it practically revived community-driven projects on the network. Considering how Coinbase supports projects on the Base network, CAT could be the next project on Binance’s radar. The listing on Binance Futures might just be a start. Binance supports, cool cats…
Ok, the memes are great.
Yeah, what else would you want from a memecoin project? Utility? Nah, the memes are great and the community is loud. That’s all it takes to go to the moon. Over 6 million people like the Simon’s CAT animated series enough to subscribe to the YouTube page, now imagine 6 Million and more investors liking the memecoin in the same way, that’s about thirty more than there currently are. Whether that happens or not, the memes are great!
Cult Followership
The cult culture is forming on Simons CAT. A little gaze shows that. Cults are the giga-brains behind top memecoins. The Simons CAT community is growing with hundreds and thousands of members who simply can’t stop talking about their project and investors who simply can’t stop throwing money into the project. With a potential interest from memecoiners on other networks, this exclusive brand of community members is set to expand and the CAT cult could be one of the most vicious yet!
Relevant partnership and support
Simons CAT was recently listed on Binance futures, despite not being on the spot exchange and any relevant tier-one exchange. OKX exchange listed the asset briefly after the Binance futures listing. In addition, the project has received shout-outs from key opinion leaders and memecoin influencers. KOLs are handy for projects looking to build a community, Simons CAT is on the books of some of the most popular memecoin influencers, this is an ingredient for rapid community growth. With the support of other reputable projects and industry leaders, the Simons CAT rally to a billion might just be a distance away.
Industry dominance
Simons CAT carves a niche for itself, it takes a shape only very few memecoins can boast of. By turning a world-class animation into a thriving meme, it dominates another meta not usually talked about. From its own niche, it is spreading and striving for dominance in the memecoin sector. First, the Cat memecoin sector and then the memecoin category as a whole, Simons CAT is moving up the ranks. A new industry favorite could be brewing…
Building a case for a rally: Summary of thesis for a billion-dollar valuation.
- Genuine IP rights for the original Simon’s CAT series.
- Enthusiastic community with a cult culture and an addicted team
- Recognition by Binance and industry leaders
- Relatively young market (only a few tier-one exchanges have listed the project yet)
- Again…it’s a cool cat!
Should I buy a $CAT?
The pet? Yes! This memecoin? Well, this article discusses Simons CAT positively, but the crypto market is an aggressively volatile market, therefore, every financial advice should be taken with a pinch of salt, and this is not financial advice. Every genuine memecoiner sees value in community and insane communities make successful memecoin projects. Simon’s CAT community and the leading team tick that box. We reflected on the possible catalysts for a positive price development in the short and long term, however, they are plain theories and should only make up a part of an investor’s personal research process. Always base your investments on proper research and invest according to your risk tolerance levels.
Note that there could be several memecoins with the same name. This article discusses the original Simon’s CAT memecoin on Binance Smart Chain. Contract address: 0x6894cde390a3f51155ea41ed24a33a4827d3063d
Closing up…
The memecoin wave is turning into a supercycle. The next project to go from a few hundred million to a billion and higher is probably a memecoin. Like a gambler in a casino, my cards are on Simon’s CAT for the reasons discussed in this article. Going by the fundamentals for memecoins, it’s a no-brainer. However, a low-risk way to get involved is to be a part of a thriving community, like the one behind Simon’s CAT. As the biggest memecoin project on the BSC network, $CAT packs a punch for sure as it easily gains the attention of a large stream of investors.
Retail is watching closely and memecoins are built for retail. In recent times, we have seen just how enormous this could be. Simon’s CAT has what it takes to be the next breakout memecoin project and with the community’s spirit staying high, it might only be a matter of time!
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