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

Mục lục

Thecoinrepublic.com

Các bài viết khác được xuất bản trên 28 thg 7, 2024

Ethereum Investors Influence Price Drop

HK police arrest 4, including teen, in HK$11M crypto fraud

How high can BTC price go after Trump’s bullish Bitcoin speech?

BNB and XLM Holders Are Going Crazy For This New Crypto Tipped For 200x Gains This Year

Meme Coin Rivals DOGE and STRUMP Dethroned By Raboo: The Future Of AI Meme Coin Culture

US Elections 2024: Trump’s Crypto Success Sparks Harris’s Change of Heart

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!