As the world of cryptocurrencies seems never-ending and contin-ually changing, a new competitor appears to attract interest from investors and people who are interested in digital currencies. Simon’s Baby Cat is a company also known as SCAT recently introduced into the cryptocurrency market with both sweetness and possible financial gain.

The share of SCAT currently stands at $0.055288, a massive rise from the previous 24 hour trading where it was uplifted by 18.19%. These breathtaking figures have attracted many traders seeking for the next gem in the highly unpredictable nature of cryptoassets. As of now SCAT has a market capitalization of $5,353.7 and it occupies #6069 place in the global cryptocurrency market which is a good sign that this company has a great potential for expansion.

However, one of the most captivating facts that can be also classified under the company’s trading volume is also outstanding. Over the previous day, the coin has achieved a trading volume of $640.18, a 69.14% upsurge. It is evident that this rise was an active trading, which may have been done in anticipation of the token’s growth and therefore a bullish signal for the token. The volume to market cap ratio has also risen to 11.96%, which also confirms the increased trading activity of SCAT.

The token distribution structure of Simon’s Baby Cat is simple and prevent: Project has declared the circulating supply to be 1,000,000,000 SCAT tokens; That is also total supply and maximum supply. This circulation, total and the max supply alignment is considered by investors as a plus since token holders will not have to worry about further dilution through further token distribution. As mentioned before, since there is no locked up supply of tokens, the fully diluted market cap is very similar to the current one and amounts to $5,288.35.

However, it would be prudent to mention that manyél cryptocurrencies have begun with amusing or informal brandnames including Simon’s Baby Cat. It matters far less that SCAT features an impossibly cute name and OpenStreetMap logo; it matters much more that it has the right tech, application, and support base behind it.

Of course, as with any novel currency, one should approach SCAT with a bit of interest and a lot of skepticism. Looks sell new coins undergo volatility extra than the crypto public, and uploading new coins for trading can be a risky bet for consumers. Before participating in the project or investing in it, the interested parties should make sure that they have researched on the project white paper, the development team, project timeline or timeline of execution and the project community.

These numbers could signal several things – the ever rising price of SCAT and the intensified trading activity. It may indicate surveillance of a large number of people acting in concert, record highsales promotion, or interest in technology or the use proposed by Simon’s Baby Cat. This may be a temporary inflow of investors encouraged by high hopes of short term gains such as is usually the case with many Cryptocurrencies after listing on an exchange.

Perhaps one of the most distinctive features of SCAT and which differentiates it from the majority of new projects in the sphere of cryptocurrencies and tokens is a comprehensible token distribution. Since all the supply is already in circulation, the investors may equally get a clear view of the token’s economics without this worrying about the pressure from unlocks or emissions of other tokens. It can therefore go a long way in earning the trust of participants in the crypto marketplace.

It will be equally beneficial to observe as Simon’s Baby Cat attains appeal, the kind of ecosystem that it is likely to build for the use case. As many successful cryptocurrencies have shown, many have initially started as a token and then developed into complex ecosystems with real world use cases. The problem with SCAT will be to transition from such a sounding name and demonstrate its effectiveness in the very intense sphere of cryptocurrencies.

The next weeks and months in the development of Simon’s Baby Cat will be decisive. The fact that more and more traders become aware of the existence and further prospects of the project, the fundamentals will come under increased scrutiny. There is also the implication that the development team behind SCAT is going to need to project a clear vision, technical skill and business acumen, and the capacity to deliver on their stated strategy or roadmap, in order to keep investors interested in the concept.

Concisely, I have come to the conclusion that Simon’s Baby Cat or SCAT is a unique contender in the current cryptocurrency sphere. While its recent price hike, subsequent volatility, and growing trading volume have garnered attention, any potential investor should always tread lightly and especially when trading in crypto. Whether SCAT is going to attract massive adoption within the field of blockchain and cryptocurrencies or it is going to be another relatively unknown story in the progression of the field is still to be determined. Of course for the crypto community learning from the screw ups and opportunities is inevitable as this is still the wild wild east of a tech frontier.