Cash Cat crypto hits a new ATH with a 120% increase, Robinhood in focus
Memecoins have a brand new star, and it’s Money Cat [CASHCAT]!
The web’s new favourite simply hit an all-time excessive, and it’s additionally benefiting from the eye round Robinhood Chain [HOOD].
Is a Robinhood-led narrative on the playing cards?
CASHCAT rallies 120% to a brand new excessive
CASHCAT has had its finest run ever over the previous week, with a 120% surge. With Money Cat being Robinhood Chain’s first ever memecoin itemizing, the token is maybe benefiting from all the eye that the latter’s been getting.
Robinhood customers now maintain about 8.7% of the token’s whole provide. CASHCAT has generated roughly $206 million in buying and selling quantity.
Nevertheless, on the time of writing, the rally was resting. CASHCAT traded close to $0.20 after transferring above $0.22 earlier; its RSI had additionally fallen to 46. MACD was additionally slowing down within the newest studying, so tempo is gentler after the large transfer up.
Nonetheless, consideration round CASHCAT is past the token itself. Newer entrants like Pons [PONS] and Ceiling Cat [CEILINGCAT] are popularly awaited potential follow-on performs.
That is particularly as buzz across the Robinhood ecosystem grows.
HOOD breaks above $104
On that be aware, HOOD has gone up from its early-August lows with a 20.6% surge into the $104.5 space. On the time of writing, the inventory traded above $110. It’s apparent that the patrons have been energetic lengthy after the preliminary breakout.
Derivatives knowledge can be on an identical vein. Aggregated Open Curiosity was at 13.05 million, whereas the Common Funding Fee was near zero. There’s tons of regular participation with out merchants turning into closely positioned on both facet.
For now, CASHCAT’s rally continues to be its personal story. However with HOOD additionally making waves and Robinhood ecosystem exercise growing, the connection is turning into onerous to disregard.
Closing Abstract
- Money Cat crypto surged 120% in every week, hitting an ATH this week.
- That is including to the Robinhood ecosystem narrative; HOOD has additionally risen this month.
