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Is $CAT coin a currency for investment?

Is $CAT coin a currency for investment?

Carole Baskin launched CAT through Ethereum based open network Rally. She also offered several exclusive rewards for the holders of CAT coins.

However, people are tending to move over DOGE, as the tiger king star launched CAT. Hence the Dogecoin status as the top meme coin may be under threat.

$CAT is not investment tool

Moreover, she emphasized that her coin is not an investment tool, but it’s a terrible pun. According to Baskin, CAT is a purr-ency of the fans to show their love for the cats.

In addition, they can reap the benefits of being the most forward-thinking partners to create a world with all wild cats living free.


Baskin misunderstood the different attributes of Bitcoin versus several altcoins. According to her, both USD and Bitcoin are Fiat currencies. However, Bitcoin and other altcoins have a scarcity built up, leading to more adoption in everyday lives.

CAT Coins

CAT currently has 123,600 coins in circulation. It is now sitting at the price of $8.20 per coin. CAT has 492 transactions since its launch. The total USD support volume is 206,000.

Cat holders will be eligible for rewards like Elite access to live, walkabout, conversations with Carole Baskin, and her crew of big cat lovers and keepers. In addition, CAT offers several discounts, and they can first access the new merchandise and activities.

Baskin also has several plans for the CAT community. Moreover, this is not Baskin’s first move in Crypto. She started accepting donations in Bitcoin, Bitcoin Cash, and Ethereum last April through Bitpay.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.