Catizen (CATI) Token Price Surges 45% Ahead of Sept. 20 Airdrop

Catizen (CATI) token was trading at $0.51 on Monday on OKX, up by 45% from its lowest level on Sep. 5.

Catizen (CATI) price was trading slightly lower at $0.51 on OKX on Monday before the official airdrop took place on September 20. Meanwhile, its lowest level was recorded on September 5 and its price dropped to $0.35.

The price of the altcoin has increased by nearly 45% in the last two weeks, which is remarkable considering that the crypto market is going through tough times. Bitcoin (BTC) fell to $52,558 last week, while Bitcoin and most altcoins fell last week. On the other hand, Ethereum (ETH) also fell to its monthly low of $2,150.

Catizen developers confirmed that it will be listed on several top exchanges, which positively affected the token price. Exchanges such as Gate.io, Binance and Bitget have already started organizing promotions for airdrop.

Given Catizen's popularity on Telegram, this platform's airdrop is attracting great attention in the crypto market. Reaching more than 35 million users worldwide on Telegram, Catizen allows users to earn tokens by playing simple cat-themed games.

In addition, users can obtain more tokens by joining the Telegram news channel, following the account with more than 2.7 million followers on X, and making daily purchases in the ecosystem. CATI holders will then be able to redeem the tokens for cash when the airdrop takes place later this month.

But the challenge for Catizen is how to maintain the momentum after the airdrop, as many of the Telegram tokens have dropped since they began trading. Notcoin (NOT), for example, has fallen more than 72% from its high.

On the other hand, Pixelverse (PIXFI) is down nearly 93% and Avacoin is down more than 90% from its high. Finally, the DOGS token first rose to $0.002 after listing, but then dropped by 50% to $0.001.

Another challenge for Catizen will be to avoid the mistakes of other play-to-earn platforms such as Axie Infinity (AXS), Decentraland (MANA) and Gala Games (GALA). While the tokens of these platforms have fallen more than 80% from their all-time highs, the number of users has also decreased. There were only 750 unique active wallets in Decentraland in the last 30 days, while The Sandbox had 2,000 users.

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