Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
This Cat-Themed Meme Coin Hits New ATH With Its Market Cap Surpassing $1 Billion

This Cat-Themed Meme Coin Hits New ATH With Its Market Cap Surpassing $1 Billion

CryptopotatoCryptopotato2024/10/24 16:00
By:Author: Dimitar Dzhondzhorov

Cat in a Dogs World (MEW) flipped Brett (BRETT) to become the eighth-largest meme coin.

TL;DR

  • The meme coin MEW tapped a new peak after rallying by another 8% in the past 24 hours.
  • While some predict further growth, others warn of a potential pullback due to rising FOMO.

The Bull Run Goes on

The Solana-based meme coin Cat in a Dogs World (MEW) has been one of crypto’s rock stars lately, with its price pumping by 85% on a two-week scale.

Several hours ago, it hit a new all-time high of over $0.01, while its market capitalization exceeded the psychological level of $1 billion. This positioned MEW as the 82nd-biggest cryptocurrency and the eighth-largest in the meme coin realm.

The asset started the month on the right foot, seeing a gradual price increase until October 21. After that, things went to another dimension, with MEW charting double-digit daily gains and climbing the crypto ladder. One evident reason fueling the rally was Upbit’s decision to allow trading services with the meme coin. As CryptoPotato reported , the biggest Korean cryptocurrency exchange listed the MEW/KRW trading pair.

It is worth mentioning that MEW is not the only cat-themed token that is well in the green today (October 25). Some of the other top performers include Purr (PURR), Wen (WEN), MANEKI (MANEKI), and more. On the other hand, Popcat (POPCAT) – the leading cat-related meme coin – is down 10% for the past 24 hours. 

MEW Price Predictions

Multiple market observers believe the meme coin’s uptick is nowhere near its end. Crypto General (an X user with more than 200,000 followers) noted its “consistent uptrend,” suggesting more room for growth. The analyst envisioned “a parabolic move” to as high as $0.045 in the following days.

However, some forecasted a potential correction. Crypto_Jobs is among the pessimists, suggesting that the rising FOMO (Fear of Missing Out) could negatively affect MEW’s valuation in the short term.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump and Wall Street: How long will the love affair last?

Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.

Cryptopolitan2024/11/24 03:44

How AI could transform Germany’s economic future

Share link:In this post: Germany must innovate to stay competitive with rapid AI advancements. Germany prioritizes safety, slowing progress compared to risk-tolerant nations. Bold investments and ethical AI are key to Germany’s leadership.

Cryptopolitan2024/11/24 03:44

How Black Ops 6 plans to stop ranked play cheating

Share link:In this post: Treyarch has addressed the cheating issues in Call of Duty: Ranked Play mode in Black Ops 6. The mode was released last week and already getting complaints of cheating. Treyarch may be increasing its workforce to deal with increasing complaints.

Cryptopolitan2024/11/24 03:44

The clash of Bitcoin and benchmark stock indexes

Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.

Cryptopolitan2024/11/24 03:44