MEW Token Surge Drives Investors Switch to Cat-Themed Meme Coin Will Dogecoin20 revive the dog meme craze when it launches?

adminApril 3, 2024

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The cryptocurrency market, long dominated by dog-themed tokens, is undergoing a transformation. MEW Coin, a cat-centric branding project, has been attracting attention due to its recent surge in value.

In less than a week, the token price soared 220%, reaching a market capitalization of $633 million. MEW Coin appears poised to dominate the cat-themed market.

Cat Memes Take Over: MEW Coin Challenges Dogs’ Dominance

MEW Coin’s branding cleverly incorporates elements of popular dog-themed coins such as Baby Doge Coin, Dogelon Mars, Bonk, and dogwifhat, along with a nod to internet culture with references to Pepe. The project’s tagline is ‘For too long, dogs have ruled the world.

“It is the dawn of a new era” summarizes the mission to break the dominance of dog coins and establish cats as the new rulers of the cryptocurrency world. MEW Coin, also known as the “cat in a dog world,” has captured the attention of investors and enthusiasts alike with its impressive performance.

With a total token supply of 88 billion, MEW Coin will allocate 90% to the burn liquidity pool and reserve 10% for airdrops to the Solana community, creating a sense of community engagement from the start.

They have ruled our world for too long…
:3✨ pic.twitter.com/nGx1Zh2yLk
— MEW (@MewsWorld) April 2, 2024

The roadmap outlines ambitious goals, including becoming the first Cat coin to reach a $1 billion market cap, upending existing projects like Floki and Pepe, and achieving MEW world dominance.

Surprisingly, MEW Coin has already made significant progress towards this goal, upending major projects such as Baby Doge Coin and landing in the top 200 on CoinGecko. MEW Coin’s notable surge has not escaped the attention of investors, sparking speculation about its potential for continued growth.

Although some are concerned about a potential downturn after the sharp rise, momentum for the project remains strong. Rumors of top exchanges expressing interest in MEW Coin have fueled speculation and further increased its popularity among traders.

MEW Coin’s airdrop strategy, which distributed $30 million worth of tokens to early adopters, was instrumental in fostering a community of dedicated supporters. Those lucky enough to participate early reaped significant rewards. The initial price soared from $0.002597 to $0.005107, delivering impressive profits to early investors.

For those interested in similar projects, check out our exclusive guide to the most popular Solana meme coins of 2024.

MEW(cat in a dogs world) price analysis

The recent MEW price surge is impressive, rising 29.13% in just 24 hours, pushing its value to $0.0072. This growth brought its market capitalization to $633 million, solidifying its position as the top gainer.

Despite the volatility, the token appears to be breaking free, suggesting continued optimism. High volume means strong buying pressure. Key resistance levels are around $0.0085 to $0.0090. Successfully exceeding this level could be important for further price appreciation.

On the downside, the price appears to be finding support at around $0.0072. However, increased selling pressure could push it below this level, jeopardizing the uptrend and potentially reaching the important support level of $0.004000.

cat in dog world price analysis graph

MEW (cat in a dogs world) price prediction

As buying interest increases, the price of MEW may rise further. By overcoming the hurdle of $0.0085, you can make further progress towards goals like $0.010, $0.0125 or even $0.015.

However, the key challenge is still $0.0085. Overcoming this resistance is essential to maintain upward momentum as a failure may cause the price to consolidate or reverse. It is important to carefully monitor price movements around $0.0085 to determine the immediate direction of MEW.

For those looking for the best altcoin investment opportunities in 2024, take a look at our comprehensive guide with the most notable choices.

Could the launch of Dogecoin20 bring back investor interest in dog-themed meme coins?

Dogecoin20 will be released sooner to coincide with the cryptocurrency community’s “Doge Day” celebrations. This project has received significant attention for several key reasons. First, Dogecoin20 raised a significant $10 million in funding during the pre-sale phase, indicating strong investor confidence from the start.

Second, the project introduces a new staking system based on Ethereum smart contracts. This “good boy staking” feature allows users to generate passive income in a safe and efficient manner. Additionally, Dogecoin20 operates on the Ethereum network, providing a user-friendly and convenient wallet experience.

The key differentiator is Dogecoin20’s fixed supply structure, as opposed to the unlimited supply of its namesake Dogecoin. These characteristics attract cryptocurrency enthusiasts looking for more sustainable investment options.

In addition to its features, Dogecoin20 has also been featured in prominent publications, further solidifying its credibility within the cryptocurrency space.

The project roadmap outlines a clear development path, including pre-launch staking incentives, the launch of Uniswap’s decentralized exchange, and an ongoing passive rewards program. Dogecoin20’s token economics demonstrates a strategic approach.

With 25% of the token supply allocated to pre-sale and another 25% to marketing initiatives, the project is well-positioned for widespread adoption. Additionally, significant allocations to project funding, staking rewards, and exchange liquidity promote long-term financial stability.

To increase investor transparency, Dogecoin20 provides a rewards calculator that allows users to estimate their potential earnings. This feature increases your confidence in the investment process. Similar to early-stage investment opportunities in existing cryptocurrencies such as Dogecoin and Ethereum, Dogecoin20 presents a potentially lucrative opportunity.

The upcoming launch has sparked discussion within the cryptocurrency community. With its imminent launch, Dogecoin20 is poised to make a major impact on the dynamic cryptocurrency market. To participate in the $DOGE20 presale, visit dogecoin20.io.

SMOG – Meme Coin with Rewards