The CatDog price soared 20% in the last 24 hours to trade at $0.0005219 as of 5.15 a.m. EST on trading volume that reached $4.28 million.
The project’s price started to grow soon after the announcement that its native token, CATDOG, got paired against Tether’s USDT on AscendEX on July 31, starting at 12 UTC.
Before that, the young project announced that it had submitted the request to verify token supply through CoinGecko. The project also already donated over $100k to several charities in late July, and it is working on getting listed on CoinMarketCap.
In other words, the project has been working on expanding its reach, becoming more available, but it also donated money to noble causes, indicating its a legitimate meme coin that seeks to help and grow. Its engagement attracted others, and the project’s price surged, especially with the new AscendEX listing behind it.
However, many are now asking whether is it too late to invest in the token now.
CatDog Price Prediction
CatDog has seen a strong price increase in the last 24 hours, even going up 25% in a day before seeing a minor correction that currently puts it 20% higher than yesterday. However, with the crypto market being extremely volatile right now, it is difficult to say with certainty what will happen next.
The market has been dictating the overall trend, and right now, the bulls and the bears are switching places quite often. In the past few weeks, the weekend would usually bring a strong price surge, followed by a correction throughout the rest of the week. If this pattern holds, then right now might be the best time to buy CATDOG.
The project’s own technical indicators suggest that buying right now could be beneficial. Its Bollinger bands, for example, remain quite wide, even though they did narrow down slightly in the last few hours.
Then, there is the project’s Relative Strength Index (RSI), which has been fluctuating between the neutral zone at 50 and the overbought area at 70. Right now, it is once again starting to grow, going from the neutral area to the overbought zone, suggesting that traders are starting to buy again after taking previously taking profit.
But, considering that a rally might be coming over the weekend, this new price surge could potentially grow into something bigger and take CATDOG higher than before. As mentioned, the constant changes in the crypto industry make it impossible to make a completely accurate prediction, but one thing to keep in mind is that you should keep an eye on the token’s performance over the last few days, and be ready to make your move when the conditions are right.
