A new wave of excitement is spreading through the crypto industry as experts suggest that the prices are ready to bounce back up, and everyone is looking for the best coin to buy.
The week started off with a bearish wave that knocked Bitcoin’s price down from $102k to $97k per coin. While the oldest cryptocurrency made several attempts to recover, none have been successful in letting it climb back up.
Are Crypto Prices About To Bounce Back Up?
Meanwhile, the price drop caused the entire altcoin market to follow Bitcoin’s correction, leading to a major sell-off. However, experts are suggesting that the bounce is starting and that the meme coins are the ones in the lead, proving once again that the best coin to buy in 2024 is most likely a meme coin.
The suggestion that meme coins will lead the charge back up came from CRG, a crypto trader, investor, and analyst on X, who posted a chart that shows that the meme coins are the first to recover and that their recovery has so far been the strongest.
https://www.twitter.com/MacroCRG/status/1866399668084613581
Some have connected the positive performance with Musk, who recently once again started posting about memes and meme coins on X, including a dog tweet that ended up getting 151.6 million views.
https://www.twitter.com/elonmusk/status/1865285753569177656
Apart from that, he also posted and retweeted multiple Pepe-related memes. While some argue that this contributed little to the prices, the fact is that Pepe is the only meme coin among the top 10 largest meme coins by market cap to trade in the green on a 24-hour basis and its price is up 24% in a week.
https://www.twitter.com/elonmusk/status/1866384370044686522
But, regardless of Musk’s influence on the meme coin sector, there have been multiple promising projects, with one of them — Catslap (SLAP) — being referenced by many as the best coin to buy for the upcoming price rally.
BUY SLAP TOKENS AND START EARNING FROM SLAPPING AND STAKING
Catslap Blows Up As Investors Double Down On Slapping
Catslap is a new meme coin that went live recently, introducing a new slapping mini-game on its website. The game is fairly simple – each time when you click on an image of a cat, it slaps one of three available entities — Chris Rock, Kamala Harris, or Pepe The Frog.
Initially, that was all there was to it, and even this allowed the project to generate 10 million slaps in only a few days, according to its Slapometer.
However, after it introduced the ability to earn from slapping, thanks to its Slap-To-Earn model, the number of slaps skyrocketed, first to 100 million, and as of December 10, to 493 million.
Token burns matching the number of slaps then followed on.
The project recorded a massive increase in the number of SLAP token holders, and the price has been growing.
Like the rest of the crypto market, it suffered a correction this week after previously hitting a milestone at $0.01, which left its price at $0.0060.
However, many seem convinced that this is the best coin to buy for the upcoming crypto price surge, which is expected to come in early 2025.
BUY SLAP WHILE ITS PRICE IS LOW
While its idea is simple, slapping different entities is simply fun and addicting, and earning SLAP tokens along the way has pushed many around the world to keep clicking the image.
With the number of users on the rise, the demand for the token is expected to go up as well, eventually enabling its price to soar.
For the moment, Catslap remains a low-cap crypto with only a $27.15 million market cap, which places it at the position of the 3029th-largest crypto.
But, this also makes right now the best time to buy, while its price is low, and the token has not yet been discovered by the wider crypto sector.
