April 10, 2024
Catcoin Valuation Exceeds DOGE
Catcoin Team 3 VHQ: Today, The Catcoin Project Team 3 (unofficial) announces the implied value of one Catcoin has exceeded the current trading value of one Dogecoin. As of writing, Dogecoin is trading at 19.06 US Cents. The implied value of Catcoin based on cost of mining at 360 Gigahashes per second observed, implies 36.0 cents per Catcoin. Catcoin lovers are celebrating this milestone. To be clear, this is value per coin and not market capitalization. Since Dogecoin has over 140 billion coins circulating, and Catcoin is limited to 21 million to ever exist, Catcoin still has a long ways to go to catch up with Dogecoin on that metric.
About Catcoin: Catcoin (CAT) with its genesis block on December 23, 2013, is the first cat-themed meme coin released in response to the original release of Dogecoin. Its maximum coin supply is capped at 21 million, has a target block time of 10 minutes, and experiences block reward halving every 210,000 blocks just like with Bitcoin (BTC). It is historcially the first PoW coin to implement PID in civilian application.
About Catcoin Team #3 (unofficial): Catcoin Team #3 (unofficial) is a group of supporters of Catcoin, and set up to work independently of the official team, to do things that further the interest of Catcoin, strictly within technical parameters laid out by the official team.
https://www.catcoin2013.org/#xl_xr_page_press-release-2024-04-10