An artificial intelligence (AI)-based cat-themed gaming altcoin is hitting a new all-time high after being suddenly listed on the world’s largest cryptocurrency exchange platform by trading volume.
Cryptocurrency exchange Binance has announced that it will be adding Catizen (CATI) to its product line starting September 20th.
“Binance is excited to announce that Catizen has been added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, and Binance Auto-Invest.”
Catizen is a play-to-earn blockchain game based on The Open Network (TON) that launched in March, where players take on the role of mayor of a town and manage an entire virtual city of cats in return for rewards.
TON is a layer 1 blockchain that was originally operated by the popular messaging app Telegram. Since then, it has been led by an independent developer network.
According to data from cryptocurrency exchange KuCoin, Catizen has over 34 million users, 3.5 million daily active users and an average revenue per paying user (ARPPU) of $33, targeting 800,000 paying gamers.
KuCoin says the game’s popularity is due to Telegram’s large user base and the popularity of other blockchain-based games such as Notcoin (NOT).
“With Telegram bots and mini-apps reaching close to a billion users each month, Catizen benefits from Telegram’s massive user base and its ability to support secure, decentralized transactions.
Additionally, the explosive growth of other Telegram games like Notcoin, TapSwap, and Hamster Kombat has also helped drive interest in Catizen games.”
The listing news sent CATI soaring. The digital asset is trading at $0.988 at the time of writing, up 9.5% over the past 24 hours. The gaming altcoin hit an all-time high of $1.11 earlier today.
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Featured image: Shutterstock/jovan vitanovski