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Nonetheless, MEW is on a number of centralized exchanges.
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Buying and selling memecoins is very speculative and dangerous.
A memecoin that was launched simply 4 months in the past has entered the highest 100 crypto property with the very best market capitalization. It’s Cat in a Canines World (MEW).
This memecoin, which as its identify signifies pays homage to a cat in a world of canines, presently has a market capitalization of 726 million {dollars} (USD). Such a determine locations it within the ninety fifth place of the biggest cryptoassetsin accordance with knowledge from CoinMarketCap.
Within the memecoin area of interest, MEW is now within the prime 10 with the very best market cap, rating ninth. Above it, dog-themed cryptoassets abound, with the presence of dogecoin (DOGE), shiba inu (SHIB), dogwifhat (WIF), BONK, FLOKI and BRETT.
The one cat-themed memecoin that holds extra capital than MEW in the mean time is simply above it in eighth place. It’s mog coin (MOG) with a complete market cap of USD 813 million.
MEW’s market cap has elevated as its buying and selling quantity has elevated, resulting in its worth improve. On the time of writing, It’s the Solana memecoin with the very best buying and selling quantity within the final 24 hours after WIF.
Given this state of affairs, the worth of MEW has risen by practically 130% in every week, standing out for recording the most effective efficiency on this interval of the highest 100 cryptoassets. On the time of writing, it’s buying and selling round USD 0.008166, which is 20% under its all-time excessive reached on March 30, 4 days after its launch.
The centralized change that has gained probably the most buying and selling quantity within the final 24 hours is Bithumb, which is from South Korea. Subsequently, it’s displayed that the kitten memecoin is generally attracting curiosity amongst Korean traders.
What’s driving curiosity in MEW?
These actions have been influenced by the rise of bitcoin (BTC), which unfold enthusiasm within the common market, as reported by CriptoNoticias, and the rise of latest memecoins on Solana. MEW’s narrative appears to be what’s making it stand outabout representing a kitten that seeks to confront canine memes.
Added to this, final Friday the WhiteBIT change introduced that it’ll listing the token from July 23 and has ready a raffle of 6 million MEW. Additionally, on the identical day, the Gate.io change introduced that it’ll raffle USD 100 within the crypto asset. This occurred a day after the PointPay cost software introduced that it’ll combine the asset.
On this manner, totally different platforms are exhibiting themselves to be encouraging the adoption of MEW, which appears to have boosted its improve in demand. Nonetheless, it must be famous that its buying and selling is very speculative and dangerous, provided that the asset has no purpose for being apart from being a memecoin.
The brand new memecoin within the prime 100 by market cap has been listed on a number of exchanges within the brief time it has been in the marketplace. In the intervening time, it may be purchased and offered on a number of exchanges, together with OKX, Bybit, Gate.io, HTX, Bitfinex, KuCoin, MEXC, Bitget, and BingX, amongst others.