The post Is it Too Late to Buy Cat in a Dogs World? MEW Grows 28% in a Week and This Could be the Next 10x Crypto appeared first on Coinpedia Fintech News
The cat coin meta is thriving, and cat in a dogs world has put in big gains this week, pumping 28%.
But investors want to know whether it’s worth buying or if something else may be more profitable. A lot of liquidity has rotated into Pepe Unchained today, with its presale nearing $20 million.
MEW Approaches Price Discovery, Outpaces Popcat This Week
As cat in a dogs world teeters on its March 2024 all-time high (ATH), excitement is reaching a fever pitch.
Solana’s largest cat-themed meme coin, Popcat, has dominated the market in recent months, but this week’s clear divergence in the performances of MEW and Popcat may mark an inflection point.
Popular meme coin influencer Ansem is one of those to back MEW.
He notes it has a strong community with a big presence at in-real-life events and conferences. Moreover, Ansem says it has the deepest on-chain liquidity and is the leading meme coin in trading volume on the South Korean exchange Upbit.
The South Korean crypto market is huge, with the Upbit exchange processing $2.2 billion in 24-hour hour volume.
As such, it’s impressive that MEW is the favourite meme coin despite its sub-$1 billion market cap.
looks like $MEW is going to go into price discovery this week
• deepest liquidity onchain out of all memecoins
• most active irl presence, even at events external to crypto
• #1 memecoin trading volume on Upbit, Korea's largest exchange
• very underowned on CT pic.twitter.com/edrZ68HDfI— Ansem
(@blknoiz06) October 14, 2024
Ansem also noted that MEW “Is going to go into price discovery this week.”
This could spark a price rally toward $0.04, according to analyst Coin Signals. That’s over a 5x gain from its current price.
$MEW / USDT Similar Pattern like $SCF.
Buy : 0.0076.. – 0.0072..
Target : 5x pic.twitter.com/ob98lfy8fB
— Coin Signals (@CoinSignals_) October 14, 2024
On a shorter time scale, meme coin trader Arthur looks toward $0.013, speculating that a breakout to the upside is imminent.
MEW is closing the gap on the leading cat-themed token Popcat, signalling a growing bullish momentum. This happening so close to MEW’s ATH sets the stage for a breakout and potential rally ahead.
Should it break out, Arthur’s $0.013 target could be hit within the opening weeks, and traders should watch the $0.04 mark as a long-term target.
That means MEW can offer up to 5x gains. However, many market participants seeking bigger returns have shifted to Pepe Unchained, a meme coin with its own layer 2.
Pepe Unchained Raises Almost $20M for Meme Coin L2 – Next 10X Presale?
Pepe Unchained is a new project that offers investors a unique opportunity. While inherently tied to the viral Pepe coin by its name and memetics, Pepe Unchained has the advantage of being the first meme coin with its own blockchain.
They’re building the “Pepe Chain,” an Ethereum layer 2 network dedicated to meme coins.
It will have all the features you’d expect of a top blockchain, such as staking, a block explorer, a dedicated Ethereum bridge, and a decentralized exchange.
Moreover, the chain will have technical superiority over Ethereum with 100x higher speeds and much lower fees.
Looking ahead, the team plans to launch a developer grants program that will pay builders to launch apps and meme coins on its platform. And it also recently revealed that it’s in talks with tier-1 exchanges.
All of this makes Pepe Unchained one of the most promising new meme coins on the market. In addition to raising $19.8 million from investors, the project has drawn massive analyst attention.
ClayBro said, “It is one of the biggest presales I have ever seen,” and “it’s building an entire ecosystem.”
With a use case that merges meme coins with innovative utility, Pepe Unchained is setting the pace for other joke tokens.
However, the presale price will increase throughout the ICO, so prospective investors should act fast.
