Catgirl Crypto is a cryptocurrency that has seen quite a lot of interest recently. Surprisingly, the price of the coin has been steadily increasing, despite the fact that the project itself is relatively new. However, there are many questions that are being asked about this coin. Let's look at what makes this cryptocurrency tick, and find out why so many people are buying Catgirl Crypto Coin.
What Is Catgirl Crypto?
Catgirl Crypto Coin is a project that was introduced in Q3 2021 as a community-driven NFT, created to be used in the Catgirl NFT (non-fungible token) marketplace. It’s similar to the popular meme coins such as Shiba Inu and Safemoon. According to the Catgirl website, users can get their hands on certified collectable NFTs on Catgirl Marketplace, as well as upgrade characters and their appearance in Catgirl Workshop.
The developers have created their own universe known as "Nekoverse". It includes Marketplace (for trading and exchanging NFTs - Catgirl Collectibles), Workshop (a place for owners to customize Catgirls), Farming (for staking Catgirl NFTs and earning CATGIRL tokens), Play 2 Earn (a space to participate in upcoming games and earn rewards) and Mystery Box (a space where you can obtain Catgirl NFTs).
Moreover, traders can use their currently owned Original Catgirls to craft new Customizable Catgirls, and accessories, then use them to participate in Catgirl upcoming games and earn big rewards.
Read More: BITO Cryptocurrency: What Is BITO And Why Is It Rising?
Why is its Price Increasing?
According to Coinbase, the price of Catgirl Crypto has risen by 578.78% in the past 7 days. The value of Catgirl Crypto is currently up by 119.03% over the last 24 hours.
Possibly in response to a tweet from Tesla CEO and founder Elon Musk, the price skyrocketed. He tweeted on Monday: "Maybe Optimus will have a cat girl version ...", referring to his upcoming AI humanoid robot calledOptimus.
Earlier this month, the value of Shiba INU increased by nearly 1,000% after Mr Musk posted a picture of his Shibu Inu puppy on Twitter.
However, volatility should be expected with any cryptocurrency investment strategy. In fact, cryptocurrency prices have been known to swing wildly for no apparent reason. There are many other factors that can influence the price of a cryptocurrency besides hype and speculation. Short-term volatility could cause anyone holding Catgirl Crypto to lose their investments.
Read More: Shiba Inu cryptocurrency plummets just because Elon Musk doesn’t like it
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