News and Analytics

0

Cat memes challenge dominance of dog-themed tokens

Apr 2, 2024

Recently, there has been a shift in the cryptocurrency market from dog-themed tokens to cat-themed tokens with the rise of MEW coin. MEW's price has surged by 220% in less than a week, reaching a market cap of $633 million.

MEW coin cleverly incorporates elements from popular dog-themed coins and internet culture, aiming to disrupt the dominance of dog coins. With a total supply of 88 billion tokens, 90% are allocated to the burn liquidity pool, and 10% are reserved for airdrops to the Solana community.

The project's roadmap includes ambitious goals of reaching a billion-dollar market cap, surpassing established projects like Floki and Pepe. Despite some concerns about a potential pullback, high-tier exchanges expressing interest in MEW coin have heightened its popularity among traders.

MEW coin's recent surge in price and market capitalization indicates strong bullish sentiment in the market. A key resistance level lies around $0.0085-$0.0090, while support is found at around $0.0072.

The project's future price movements will depend on overcoming key resistance levels, with potential targets at $0.010, $0.0125, and $0.015. Monitoring price movements around crucial levels will be essential in determining MEW's immediate direction.

Looking ahead, the launch of Dogecoin20 in 21 days has generated significant interest within the crypto community. With strong investor confidence, unique staking features, and a fixed supply structure, Dogecoin20 aims to offer a sustainable investment option. Its strategic tokenomics and upcoming launch are set to make an impact on the cryptocurrency market.

For those interested in exploring other meme coin projects, Smog (SMOG) is a meme coin with rewards such as staking rewards, airdrops, and discounts. The project has been featured on Cointelegraph and offers users various opportunities to earn rewards.

To participate in the Smog airdrop, visit the Smog website.

Comments

Latest analytics

Bluntz and His...

Bluntz and His Predictions for the Cryptocurrency Market

How Institutional...

How Institutional Investors Are Changing the Crypto Market?

Show more

Latest Dapp Articles

Show more

You may also like