DOGS Vs CAT: Which One Is The Right Crypto Investment In Current Market?
Since the last three days, the crypto market has officially entered the fear zone, per the fear and greed index charts. Moreover, with the global market cap declining below the $2 Trillion mark, currently at $1.97 trillion, the market is not entirely profitable. However, despite that, the DOGS Vs CAT is the biggest deal due to their new introduction in the market and rising demand per CoinmarketCap charts. However, the best crypto investment option among these is unclear without running a price analysis.
DOGS Vs. CAT Price Performance Analysis
DOGS has entered the market recently but bagged an instant demand among investors. However, the demand has not been very persistent as the DOGS price has faced a downtrend since its introduction, losing more than 35% of its value in the last few days.
With more than 92% of supply circulating in the market, the meme coin has moved 36% from its all-time high of $0.001644. More importantly, it recently hit the lowest point of its journey at $0.0009769 two days ago, currently at $0.001047 after a 3.5% loss in the last 24 hours. However, despite the continuous losses, it is still among the top 100 cryptos, with a market cap of $156,696,153. It may aim for recovery once the DOGS airdrop distribution initiated liquidity settles.
Meanwhile, in this DOGS Vs CAT battle, Simon’s Cat (CAT) is leading with better performance in the daily charts. At the time of reporting, CAT is among the few cryptos which are on an uptrend. It is currently trading at $0.00002309 after a surge of almost 5% in the last 24 hours.
Even on the last 15 days scale, the CAT has maintained an overall profit of more than 74%, setting an all-time high of $0.0000288 on August 26. However, despite the ongoing profits, it is lacking in the market position, where it is ranked 239 for its market capitalization of $156,696,153.
Which One Is The Right Investment Between DOGS & CAT?
Between DOGS Vs CAT, DOGS has won in terms of demand for three main reasons. Starting with the launch on the TON network, the Telegram user base has shown immense support for this token. Moreover, thanks to its connection with the popular social media platform, it is seen as a safer investment option.
Lastly, DOGS is the crypto for long-term hold with a better market presence. It is because DOGS ranks 99th on the CoinmarketCap. However, in the price performance, Simons Cat has taken the lead between these two tokens. More importantly, after considering the current market, CATS is the better crypto investment option at this moment.
Final Thoughts
DOGS Vs Cat is nothing new, as the dog-themed meme coins and cat-themed meme coins comparison has split the investors into two for years. DOGS, a popular token launched on the TRON network, is in the limelight after its heavy airdrop, where Simon’s Cat (CAT) is gaining attention for its continuous gains in the market. Both of these are a profitable opportunity due to their rising demand, but CAT is ahead in terms of gains.
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