Catizen price is showing strong performance in pre-market futures ahead of the official airdrop scheduled for September 20. The Catizen (CATI) token was trading at $0.51 on Monday on OKX, marking a 45% increase from its lowest level on September 5. This rebound comes during a challenging period for the crypto market, as both Bitcoin and most altcoins have dropped. Bitcoin fell to $52,558 last week, while Ethereum reached a monthly low of $2,150.

The rise in Catizen’s token price is attributed to the developers’ confirmation of its listing on several high-profile exchanges, including Gate.io, Binance, and Bitget. These exchanges have already begun promotions for the upcoming airdrop.

Meow～$CATI is coming soon to the OKX Spot trading platform! Listing time: September 20, 2024. Get a head start on trading with OKX pre-market and seize the opportunity before everyone else.

Bitget Wallet is offering users a chance to win $20,000 for those who enter the Catizen earn page by September 20. Binance has pledged to distribute $300,000 in Fish Coins and MNT to users.

Catizen’s Growing Popularity

Catizen has quickly become one of the more popular play-to-earn platforms on Telegram, amassing over 35 million users worldwide. These users earn tokens by playing simple cat-themed games. Additional tokens can be earned by participating in tasks such as joining its Telegram news channel, following it on X, and making daily purchases within the ecosystem. CATI holders will be able to redeem their tokens for cash during the airdrop later this month.

Challenges Ahead

While Catizen is currently experiencing growth, it faces the challenge of maintaining momentum post-airdrop. Many Telegram tokens have seen their value decline after trading begins. For example, Notcoin, a popular Telegram tap-to-earn token, has dropped by over 72% from its all-time high. Similarly, Pixelverse has fallen by 93%, and Avacoin has crashed by more than 90% from its record high. The DOGS token initially surged to $0.002 after listing but has since dropped by 50% to $0.001.

Catizen must also avoid the pitfalls encountered by other play-to-earn platforms such as Axie Infinity, Decentraland, and Gala Games, whose tokens have decreased by over 80% from their all-time highs. Additionally, user engagement has dwindled, with Decentraland recording just 750 unique active wallets in the last 30 days, and The Sandbox having 2,000 users.

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