Catizen (CATI) is a digital asset operating within the broader cryptocurrency ecosystem. This article provides a detailed look at its current market status, key features, and potential factors influencing its value.
Current Market Data
The live price of Catizen is $0.07817, with a 24-hour trading volume of $145,399. Over the past day, the price has decreased by 1.49%, while its value has dropped by 2.05% over the last week. With a circulating supply of 325,790,000 CATI tokens, its current market capitalization stands at approximately $25.4 million.
Historical Performance
Catizen's price has experienced various shifts across different timeframes:
- Today: $-0.00136 (-1.70%)
- 7 Days: $-0.00174 (-2.17%)
- 30 Days: $-0.01347 (-14.69%)
- 3 Months: $-0.03379 (-30.18%)
The token reached its all-time high of $1.29, meaning the current price is down approximately 93.96% from that peak. Conversely, its historical low was $0.06848, so the current price represents a 14.12% increase from that lowest point.
Key Features of the Catizen Ecosystem
Catizen integrates gaming with blockchain technology, offering a unique "play-to-earn" model. Here are some of its core features that contribute to its ecosystem value.
- Staking Rewards: Holders can stake their CATI tokens to earn additional rewards. This feature provides an avenue for generating passive income, appealing to both gamers and long-term investors.
- AI and Metaverse Integration: The project incorporates AI and Metaverse technologies to create engaging and unique gameplay experiences. This technological foundation aims to attract a wider audience and enhance the utility of the token.
- Strategic Partnerships: Catizen has formed partnerships with other notable projects and is supported by the TON Ecosystem Foundation. These alliances are designed to increase the token's visibility, utility, and overall market reach.
- Growing User Base: A strong and expanding community of users helps drive demand for the CATI token. The project's roadmap includes expansions into new areas like e-commerce and short-form video platforms, which could further increase the token's utility.
For those interested in the mechanisms behind such earning models, you can explore more strategies for engaging with similar digital assets.
Factors Influencing Catizen (CATI) Price
The value of CATI is influenced by a combination of market forces and project-specific factors. Understanding these can provide insight into its potential price movements.
- User Engagement: Higher active participation in the game increases demand for CATI tokens, as they are used within the ecosystem and earned through gameplay.
- Token Utility: The usefulness of CATI for in-game purchases, staking, and governance directly impacts its value. Future expansions planned for the ecosystem could introduce new use cases and drive demand.
- Market Sentiment: Like all cryptocurrencies, CATI's price is affected by the overall sentiment in the crypto market. Positive news and project milestones can boost its price, while negative trends can lead to declines.
- Tokenomics: The supply distribution of CATI, including allocations for airdrops, treasury, and funding, plays a crucial role in its market dynamics.
Frequently Asked Questions
What is Catizen (CATI)?
Catizen is a cryptocurrency token that powers a play-to-earn game ecosystem on the blockchain. It integrates gaming with crypto economics, allowing users to earn tokens through gameplay and participation.
How can I buy or sell Catizen?
CATI tokens can be traded on various cryptocurrency exchanges. Users typically need to create an account on a supporting exchange, deposit funds, and then place buy or sell orders on the available trading pairs.
What is the total supply of CATI?
The maximum supply of CATI is capped at 1 billion tokens. The current circulating supply is 325,790,000 tokens.
Is Catizen a good investment?
All investments carry risk, especially in the volatile cryptocurrency market. While Catizen offers innovative features like staking and play-to-earn mechanics, its value can fluctuate significantly. Potential investors should conduct thorough research, understand the project's fundamentals, and consider their own risk tolerance before investing. To get advanced methods for evaluating such projects, always rely on multiple sources of information.
How do I store my CATI tokens safely?
Tokens can be stored in a variety of wallets. Many users opt for the convenience of a custodial wallet offered by an exchange. For enhanced security, self-custody options like hardware wallets, software wallets (web, mobile, or desktop), or even paper wallets are available. The choice depends on the individual's preference for convenience versus security.
Can I convert Catizen (CATI) to cash?
Yes, converting CATI to cash typically involves a two-step process. First, sell your CATI tokens on a supported exchange for a stablecoin like USDT. Then, you can use a peer-to-peer (P2P) platform or a direct crypto-to-fiat trading pair (if supported by your exchange) to convert that stablecoin into your local currency.