Introduction
Just like the dog-themed token, the cat-themed token has been gaining quick traction in the crypto market in 2024 as they have captured the attention of enthusiasts and investors in the market.
As of July 2024, the cat-themed token has a combined market cap of over $1.8 billion, which is spectacular since this token started gaining traction in the crypto market in 2024.
As the cat-themed token continues to gain traction, there is a new addition to this themed token with a great project and community behind it; as can be seen from the token increment, this token is named DMTC token, also known as Diamond the Cat Coin.
What is this new cat-themed token all about, and why is it outperforming the global cryptocurrency market by over 25% as of August 13? Continue reading to find out.
What is Diamond the Cat Coin
DMTC (Diamond the Cat Coin) is a super viral meme token based on a true story that originated in Thailand, inspired by a heartwarming real-life human-cat story created out of love. DMTC runs on the Solana blockchain, leveraging its fast transaction speeds and low costs to create an entertaining and meaningful token.
Due to the exciting story behind the DMTC token, pet lovers in the crypto community are gathering to show their support for pets in general and pets who need care and attention like Diamond. This, no doubt, is a contribution to the viral story of the DMTC token, which led to the increase in the token market capitalization and amount of token holders surging past 1,000 holders.
Background and History of Diamond the Cat Coin
The story of Diamond, the Cat Coin started about 3 years ago, in the summer of 2021, when BT (creator) saw a stray cat outside his house. He figured the cat might have belonged to a neighbor; he said hello to the furry friend and moved on with his life.
Fast forward, and this cat always shows up outside in his backyard, looking into the glass door. The cat is gray and has a diamond-shaped white mark on his neck; at that moment, his name, Diamond, was born.
After a period of time, BT couldn’t help but take Diamond inside and fall in love with Diamond and finds out later that Diamond is suffering from a disease that many other cats are suffering from as well. Due to this, BT came up with the idea that a token should be created to serve as a memorial for Diamond and all other cats suffering from the disease called FIV.
The DMTC token was launched on March 29 2024, and it has hit different milestones since it was launched. Among these milestones include hitting a market capitalization of 5 million, having 1000+ holders, and being listed on several crypto exchanges.
Not only has this token hit all these milestones, but it has also garnered a lot of attention in the crypto market, thereby forming a great community which is a great catalyst for meme tokens.
Because the DMTC token was launched to serve as a memorial to all cats testing positive for FIV, 30% of the token sale is allocated to charity for animal hospitals to help shelter and foster houses for cats and dogs. This initiative ensures cats like Diamond receive care and the support they need.
The Price Change of DMTC Token on CoinEx
The DMTC token was listed on the CoinEx platform in 2024. The token has increased by 25.41% for the past 7 days, thereby outperforming both the global crypto market and the meme crypto market by 17% and 12%, respectively, as of August 13, 2024.
The DMTC token has a market capitalization of over $13 million and a 24-hour trading volume of over $149k.
Some factors influencing this token, apart from the general atmosphere of the crypto market, include the great community behind it and the remarkable execution of plans or roadmaps. As more people come to know about the story behind this project and join the community, this token undoubtedly will grow.
Considering the community growth it has seen since its launch, the DMTC token is undoubtedly a token investors should keep an eye on.
Overview
- Name: DMTC
- Official link: https://www.dmtcsolana.com/
- White paper link: https://docs.dmtcsolana.com/
- Total supply: 999.89 Million
- Contract address: BMKNGDOCFAHJESZJFHRPMT8KDQ3TDWBPTDQOSKUDOGHZ
- Telegram: https://t.me/+r1HMN4WixbViNDQ5
- Supported CEX: CoinEx
- Supported DEX: Raydium, Uniswap, Lifinity, Orca
- Convenient for users to know in time: https://www.coinex.com/en/info/DMTC
*This article does not constitute investment advice.
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