bullish

Million

cat in a dogs world

Coin

<p>The <strong>cat in a dogs world</strong> token was Bull of the Week, per a renowned trader, Sjuul | AltCryptoGems (<strong>@AltCryptoGems)</strong>. He shared more on this memecoin, as he stated that it had one of the best bull runs of this year. <strong>MEW </strong>meme coin has gained an incredible following, which has caused its price to skyrocket.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">BULL OF THE WEEK! | 26/7/24<a href="https://twitter.com/MewsWorld?ref_src=twsrc%5Etfw">@MewsWorld</a> is this week's Bull of the Week! This <a href="https://twitter.com/hashtag/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Memecoin</a> has had one of the best bull<br>runs we’ve seen this year! <a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MEW</a> has gained an incredible following which has caused the<br>price to skyrocket!<br><br>Source: <a href="https://twitter.com/CoinMarketCap?ref_src=twsrc%5Etfw">@CoinMarketCap</a> <a href="https://t.co/JUv4spK3v5">pic.twitter.com/JUv4spK3v5</a></p>— Sjuul | AltCryptoGems (@AltCryptoGems) <a href="https://twitter.com/AltCryptoGems/status/1816818250195636649?ref_src=twsrc%5Etfw">July 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>With the price surge, MEW’s market cap has displayed over a 100% surge from the last month. The market cap was at $346.48 Million on June 27th and grew to $719.91 Million at the time of writing. That surge has taken this meme coin to the <strong>95th seat</strong> among the top 100 cryptocurrencies.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="739" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-160-1024x739.png" alt="Bullish Optimism for MEW | Source: X" class="wp-image-628761" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-160-1024x739.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-160-300x217.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-160-768x554.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-160-150x108.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-160-696x502.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-160-1068x771.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-160.png 1193w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Bullish Optimism for MEW | Source: X
 </figcaption>
</figure> 
<p>Its investors and traders looked confident for further growth with time, and its community also seemed pretty active.</p> 
<p>Additionally, the memecoin had posted a 12-second animated video clip, where the theme was cats reign supreme now, and the dog days are over. This post fueled a lot of optimism in the <strong>meme-MEW</strong> and a massive surge of more than 135% on the daily chart.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">the dog days are over… do it…<a href="https://twitter.com/POPCATSOLANA?ref_src=twsrc%5Etfw">@popcatsolana</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24mew&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$mew</a> <a href="https://twitter.com/search?q=%24popcat&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$popcat</a> <a href="https://t.co/wQhMH8nFUF">pic.twitter.com/wQhMH8nFUF</a></p>— MEW (@MewsWorld) <a href="https://twitter.com/MewsWorld/status/1814436043829195014?ref_src=twsrc%5Etfw">July 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>According to the Messari website, the cat in a dogs world token has a 24-hour Real Volume of $169 Million.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-what-does-the-mew-meme-coin-tokenomics-show"><strong>What Does the MEW&nbsp;meme coin Tokenomics Show?</strong></h2> 
<p>Looking at its tokenomics per the <strong>CoinMarketCap</strong> website, the cat in a dogs world (MEW) has a total circulating supply of 888.8 Billion MEW tokens. These are floating in people’s hands.</p> 
<p>Based on the rich list addresses of the <strong>MEW meme coin</strong>, the total holders at press time were 183,174. That number signified a massive adoption of this crypto among investors and traders. The <strong>cat in a dogs world</strong> holders statistics showed that the top 100 holders held nearly 75.68% of the floating circulation of tokens.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="318" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159-1024x318.png" alt="Top 5/100 Richest cat in a dogs world Addresses | Source: CoinCarp" class="wp-image-628756" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159-1024x318.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159-300x93.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159-768x239.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159-1536x477.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159-150x47.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159-696x216.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159-1068x332.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-159.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Top 5/100 Richest cat in a dogs world Addresses | Source: CoinCarp
 </figcaption>
</figure> 
<p>The top MEW \address held nearly 5.49%of the supply, totaling 4.876 Billion tokens.</p> 
<p>The mem coin’s rising interest among the public signified great optimism building. Besides, the overall sentiment globally appears optimistic for MEW.</p> 
<p>Thus, contingent on investors’ accumulation, the upcoming rally may spark more surges in the MEW price.</p> 
<h2 class="wp-block-heading" id="h-evaluating-mew-meme-coin-derivatives-data"><strong>Evaluating MEW Meme Coin Derivatives Data</strong></h2> 
<p>The <strong>MEW </strong>data of derivatives highlights significant activity in its market. As open interest and volume were massive in the past 7 days, the largest activity from both bulls and bears was witnessed.</p> 
<p>On looking at its Open Interest (OI), more than 3.62% of contracts were opened in the market with a total OI amount of $123.47 Million. The 24-hour derivatives volume was $1.45 billion at press time.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="246" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158-1024x246.png" alt="MEW Total Liquidations Chart | Source: Coinglass" class="wp-image-628751" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158-1024x246.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158-300x72.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158-768x184.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158-1536x369.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158-150x36.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158-696x167.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158-1068x256.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/07/image-158.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  MEW Total Liquidations Chart | Source: Coinglass
 </figcaption>
</figure> 
<p>The liquidation data highlights that in MEW, more shorts have been liquidated than longs in 24 hours. The shorts amounted to $1.30 Million, and the long amounted to $812.73K.</p> 
<h2 class="wp-block-heading" id="h-assessing-the-daily-chart-structure-of-the-cat-in-a-dogs-world-mew-token-nbsp"><strong>Assessing the Daily Chart Structure of the cat in a dogs world (MEW) Token&nbsp;</strong></h2> 
<p>Since its start, the <strong>MEW (MEWUSD/CRYPTO)</strong> has traded in a volatile range. That has led to the formation of a descending triangle pattern over its daily TF chart. In the past two weeks, the surge witnessed has been more than 165%, whereas this week showed a major bullish shift of more than 90% growth.</p> 
<p>The price has recently pulled back after a breather to continue thrusting upwards. This behavior exhibited further possibilities of ascent continuation.</p>    
<p><a href="https://in.tradingview.com/chart/MEWUSD/Ij26c7vq-Cat-in-dogs-world-MEW-Token-Technical-Analysis/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a></p>  
<p>When writing, the indicators pierced the 50-day EMA band and were heading to retest the $0.009944 mark. Meanwhile, the MACD had a bullish crossover with a gigantic histogram at 0.00037521. The RSI was at 74.64. It generates concern in the asset (DYOR).</p> 
<p>Therefore, the resistance lies around $0.00883 and $0.00994, respectively. However, the support lies around $0.00626 and $0.00485, respectively.</p> 
<h2 class="wp-block-heading" id="h-does-the-mew-price-show-signs-of-correction"><strong>Does the MEW Price Show Signs of Correction?</strong></h2> 
<p>In short, <strong>Cat in a Dog’s World (MEW)</strong> meme coin skyrockets, with market cap doubling in a month. Strong community support, bullish sentiment, and derivatives activity fuel the rally. Price breaks resistance, but high RSI warns of potential correction.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/07/28/mew-meme-coin-market-cap-explodes-analysts-assess-possibility-of-another-2x/">MEW Meme Coin Market Cap Explodes: Analysts Assess Possibility of Another 2x</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

MEW Meme Coin Market Cap Explodes: Analysts Assess Possibility of Another 2x

目次

Thecoinrepublic.com

2024年7月28日公開の他の記事

WadzPay (WTK) Token Implements Major Updates to Enhance Market Position

$33 Million in Ethereum (ETH) on Move, Here's Why

Cardano (ADA) Skyrockets 96% in Crucial Metric: Details

Ripple SEC Settlement: Legal Experts Highlight Major Hurdles for XRP if Deal Goes Through

Bitcoin’s Social Media Buzz Peaks as Price Nears $68K

Mt. Gox Creditors See More Payouts as Bitstamp Distributes BTC

ニュースレターを購読して暗号資産の最新情報を毎日入手！