Shiba Inu (SHIB) and Dogecoin (DOGE) are facing competition from a wave of emerging memecoins that are attracting significant inflows.
DinoCat (RAWR), a newly launched Solana memecoin, is set to experience a huge price rally in the next 48 hours, as the coin is set to be listed on MEXC.
MEXC is one of the largest cryptocurrency exchanges in the world, and this will be DinoCat’s first centralized exchange listing.
This listing is set to see RAWR’s (contract address: 9khQG9Esv15TWf2F4kdx2ULmbhDvJQS7sDGPBpKLEA4G) price skyrocket 3,000% within a matter of days, and, as more CEX listings are planned in the coming weeks, there will be plenty more potential for the coin’s price to increase beyond this level.
The token, which was launched earlier this week, currently only trades on decentralized exchanges, such as Raydium and Jupiter.
It is currently trading at $0.000925 and it has a market cap of just $9,300, meaning that DinoCat could deliver 1,000x-10,000x returns to investors who buy now if it becomes one of the top 100 memecoins in the world.
Will DinoCat Challenge SHIB and DOGE?
Dog-themed memecoins have dominated the space, with Shiba Inu, DOGE and BONK being the most successful among them.
Several cat-themed coins have tried to become mainstream, but they have failed to achieve this so far.
DinoCat is unlikely to ever surpass the market cap of Shiba Inu, DOGE or BONK, but even if it just reaches a market cap of $10-$50 million, it will turn its early investors into millionaires.
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