BNB chain-based token Wiki Cat went up 400% in a day — is the coin worth buying?

The Binance Smart Chain-based Ethereum-compatible blockchain meme cryptocurrency Wiki Cat (WKC) grew almost 400% in 24 hours on January 9. The coin was launched back in March 2022, but the unprecedented rise began only now. Let’s talk about the reasons for the jump and further prospects below.

Why is the coin rising? 

As of today, we see a peak in the value of WKC. According to CoinMarketCap, the token is trading at $0.00000000721 and has a market capitalization of $4.3 million.

On the meme coin market, the main competitor of Wiki Cat is Shiba Inu, which is also on the plus side right now. In the case of the dog-meme coin, the reason is the active development of the Shibarium project [is a blockchain platform that allows users and developers to create novel uses of an existing blockchain infrastructure]. Also, we should not forget the recent success of the Solana-based token BONK, which grew by 4444% in 12 days due to a good advertising campaign, pulling SOL with it. 

Wiki Cat @WikiCatCoin at $2 million market cap from $34k .I’m expecting money to flow from Wiki Cat to DeFi Tiger @DefiTigertoken.

Do what you will with this.

— Oluwaseun (,) (@defoluwaseun) January 8, 2023

As for WKC, the coin does not boast the same background. The coin was created back in the spring of 2022, but little has been heard about it, and new posts on the official token page do not start until September. The active promotion started in early January 2023, when its creator,  Sir Mapy, began writing about Wiki Cat.

Please let’s go to coinmarketcap and like/comment on all the good comments about Wiki Cat.

Let’s get the bad comments way down.

— Sir Mapy (@sirmapy) January 8, 2023

 

The initiative was supported by the SMC DAO community, after which the coin appeared in Google Trends and actively began to grow. 

Another possible reason for the growth could be related to token burning. A total of 1T coins have been issued so far. According to the website, 31% of the total number of tokens has already been burned token burning is the destruction of a certain amount of cryptocurrency in order to reduce its supply and increase demand, the rest were sent to PancakeSwap.

Predictions 

The value of Wiki Cat can be increased by its listing on Binance, which is expected to happen in the summer of 2022. Sir Mapy reported about it in June 2022, writing that WKC is not listed on Binance “yet,” but it can be found in the exchange’s asset base.

Wiki Cat is not listed on Binance “Yet”

But you can now find Wiki Cat on Binance asset base.
https://t.co/Zr1cg6erSV

— Sir Mapy (@sirmapy) June 26, 2022

If the community actively advertises their project, the value of the coin may also jump, exactly as it did with BONK. The latter meme coin even raised the price of SOL, on which it’s based, when it was in decline because of the ties with FTX.  

It’s about to be cat season and I plan on leading the pack.

— Wiki Cat (@WikiCatCoin) January 8, 2023

What is Wiki Cat? 

According to the official website, Wiki Cat is a unique deflationary token a type of cryptocurrency whose transaction automatically charges a certain percentage of the transferred amount. Its author is believed to be a certain developer and investor, Sir Mapy, who created Wiki Cat for SMC DAO.

There is little information about the organization and its plans, but the main goal of the whole project is to create an NFT platform, WikiCat Club, where users would be able to store, buy, and sell unique non-fungible tokens in a peer-to-peer way a decentralized communication model in which each side has the same capabilities, and either side can initiate a communication session. 

Features 

A token has the following features: 

• Slippage is the difference between the price a trader expects to pay and receive and the actual price he pays or receives because of market changes at the time of the transaction 1%.
• 100% ownership renounced. That is, the community has no claim on the holders’ coins.
• Forever locked pool of liquidity. If the initial liquidity of the creator of a token is blocked, he will not be able to withdraw funds, effectively stealing them from the holder of the token. This openness is especially important after FTX’s collapse, which hid data about the state of its liquidity pool.

The roadmap consists of five phases, each of which the project team plans to implement in due time. However, for some reason, these deadlines are not specified (we asked the representatives of Wiki Cat for the relevant information). 

Here’s what’s been done so far. 

Phase 1 

• WikiCat launch (on April 2022).
• 500 holders (about 4000 right now).
• Website launch.
• Contract auditing by solidity finance. Smart contract was audited by Solidity.Finance the firm protected over $50B in on-chain value across more than 1.5K projects.
• 1,000 Telegram members (about 10K currently).
• Roadmap creation.

Phase 2 

• CoinMarketCap and CoinGecko listings.
• 5,000 Telegram members (about 10K currently).
• 2000 holders (about 4000 right now).
• …

I’m listed on CoinmarketCap. Here is a link to my profile.https://t.co/8iXX7lVdNz

— Wiki Cat (@WikiCatCoin) September 22, 2022

You can read the full road map at this link. 

Cats bullish rally

Along with the cost of Wiki Cat, other “cat” coins also grow. We are talking about Cat Token the project claims to be a community that loves cat and CATCOIN is a community-driven token based on a meme with a big dream, originally created by Miaoshi Nekomoto for the cat community, the growth of which, according to the charts, started exactly at the moment of WKC’s success. 

Cat Token. #1529 by market capitalization. At the time of writing, the coin is trading at $0.09336, an increase of 4.37% during 24 hours.

CATCOIN. #3601 by market capitalization. At the time of writing, it is trading at $0.000000001199, up 5.6% from the day before.

How to buy Wiki Cat?

The token is not yet listed on major exchanges such as Binance, KuCoin and Coinbase, but it can be found on PancakeSwap, CoinTiger and Latoken. 

Details on how to buy the token can be found on the Binance website. The instructions consist of nine steps: 

• Download a Binance Wallet.
• Set up your Binance.
• Buy BNB Chain as your base currency.
• Send BNB Chain from Binance to your crypto wallet.
• Choose a Decentralized Exchange (DEX).
• Connect your wallet.
• Trade your BNB Chain with the coin you want to get.
• If Wiki Cat doesn’t appear, find its smart contract.

If this way seems too difficult for you, consider how to get WKC with the Trust Wallet.