In an exciting turn of events for the crypto gaming community, an AI-driven, cat-themed altcoin, Catizen (CATI), has soared to new all-time highs following its unexpected listing on Binance, the largest global crypto exchange by volume. The announcement came on September 20th, signaling a significant endorsement for the play-to-earn blockchain game based on The Open Network (TON).
Binance's announcement detailed the inclusion of Catizen in various facets of its platform, from Binance Simple Earn to Auto-Invest, marking a pivotal moment for the gaming altcoin. "Binance is excited to announce that Catizen will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, and Binance Auto-Invest,” the statement read.
Launched in March, Catizen has captured the imagination of the crypto gaming world. Players assume the role of a mayor, creatively managing a city of cats to earn rewards. The game operates on TON, a blockchain initially developed by the messaging giant Telegram and now maintained by an independent developer network.
Statistics from the crypto exchange KuCoin highlight the game's impressive reach, boasting over 34 million users, 3.5 million of which are daily active users, and generating an Average Revenue Per Paying User (ARPPU) of $33 from 800,000 paying gamers. The game's success is partly due to Telegram's massive user base, which interacts with nearly 1 billion users monthly through bots and mini-apps, facilitating secure, decentralized transactions.
The listing news propelled CATI's value, with the altcoin trading at $0.988 at the time of writing, marking a 9.5% increase over the last 24 hours and hitting an all-time high of $1.11 earlier in the day. This surge is a testament to the growing interest and potential of blockchain-based gaming, further amplified by the popularity of other Telegram-integrated games like Notcoin (NOT), TapSwap, and Hamster Kombat.
This development underscores the dynamic nature of the cryptocurrency market, where innovative projects like Catizen can rapidly gain traction and redefine the landscape of play-to-earn gaming. As Catizen continues to evolve and expand its user base, it's clear that the intersection of blockchain technology and gaming holds exciting possibilities for the future.
