Cryptocurrency’s unstoppable rise has astounded the entire globe. Meme coins like DogeCoin (DOGE) and Shiba Inu (SHIB) have amassed significant market capitalizations since their inception. Another meme coin, Catecoin (CATE), has just followed suit, with a 1400 percent spike in the previous seven days and an 8000 percent increase in prior weeks.
Catecoin was created with the goal of providing actual value and utility to the meme community.
In the crypto world, Catecoin is the lone Shiba inu competitor. Catecoin, for example, is the first cryptocurrency to offer a DeFi meme platform, allowing users to create and exchange memes with the community. In addition, the Catecoin development team has released “Rise of Cats,” a decentralised game that supports the meme platform.
The Game ‘Rise of Cats’
This game has a cat theme, as the name suggests. Players can defend random towers in ‘Rise of Cats,’ which includes NFT in-game materials. PVP and co-op are two fast-paced gaming modes in the game.
Players can choose a cat to fight against the army of rats and defend territory in ‘Rise of Cats.’ In PVP mode, players must fight their opponents for as long as possible while surviving. Players can team up with their buddies and search for opponents in co-op mode. Players can also improve their cats’ efficacy, fighting style, and other aspects by upgrading them. There are also daily challenges and missions in which users can participate in exciting cat wars.
The Game’s Features
The game is strategic and fast-paced, with players finishing games in under three minutes. Players can own and control their in-game assets in Rise of Cats, an NFT game. These items can be traded for $CATE tokens or used in the game.
The possibility to earn $CATE tokens while playing Rise of Cats is another unique feature. These “play2earn” games are proven to be extremely popular among gamers, garnering the attention of the whole gaming industry. Catecoins gained in these games can be spent in the game or transferred to the player’s personal wallet. Any players whose names appear on the game’s leaderboard are eligible for additional token incentives.
The Game’s Inspiration
Rise of Cats and other Play to Earn NFT games are made feasible by advancements in blockchain technology, which will inevitably result in significant changes in the gaming industry. Players that want to make money from their time spent gaming will find the play to earn concept appealing.
Market in India
In India, the crypto market is currently quite volatile. There are intentions to regulate digital currency through measures previously introduced in parliament, however there is currently insufficient information available to the public on the subject. The Indian government’s regulatory decisions are awaited by investors, Indian customers, and indeed the rest of the world. Meme coins like Catecoin and other dog-themed coins would only be possible following a regulatory judgement.
