The AI-based, cat-themed gaming altcoin Catizen (CATI) has reached a new all-time high following its listing on Binance, one of the world’s largest cryptocurrency exchanges.
Surprise Catizen (CATI) Listing on Binance
On September 20, Binance announced that Catizen would be added to its product lineup, causing a surge in interest.
“Binance is excited to announce that Catizen (CATI) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, and Binance Auto-Invest.”
Become the Mayor of Cat Town with Catizen
Launched in March, Catizen is a blockchain-based game built on The Open Network (TON). In the game, players take on the role of mayor of a virtual cat town, managing it and earning rewards.
TON is a layer-1 blockchain network that was initially operated by the popular messaging app Telegram but is now maintained by an independent developer network.
The Role of Telegram and Other Games in Catizen’s Growth
According to cryptocurrency exchange KuCoin, Catizen boasts over 34 million users, with 3.5 million daily active users and an average revenue per paying user (ARPPU) of $33 among 800,000 paying players.
“With nearly 1 billion users interacting with Telegram bots and mini-apps monthly, Catizen leverages Telegram’s vast user base and its features that support secure, decentralized transactions.”
Additionally, the rise of other Telegram-based games like Notcoin, TapSwap, and Hamster Kombat has helped boost interest in Catizen.
KuCoin attributes the game’s popularity to Telegram’s large user base and the success of other blockchain-based games such as Notcoin (NOT).
CATI’s Price Surge and Market Impact
The news of Binance’s listing caused CATI to spike in value, trading at $0.988 at the time of writing, a 9.5% increase in the last 24 hours. Earlier today, the gaming altcoin reached a new all-time high of $1.11.
The Binance listing showcases how quickly the crypto gaming ecosystem is growing and how users can earn from their gaming experiences. Support from major exchanges like Binance not only fosters innovation in the sector but also creates new opportunities for both investors and players.
Catizen, Binance, gaming altcoin, blockchain game, Telegram
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