Is The Cat Season Here? MEW Hits $1 Billion Market Cap After New ATH

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As a seasoned crypto investor with a soft spot for anything feline, I must say the recent surge of Cat in a dogs world (MEW) has been nothing short of purr-fectly delightful. After all, who wouldn’t want to be part of a memecoin rally that brings out the inner cat in us all?

As a researcher exploring the dynamic world of cryptocurrencies, I’m captivated by the extraordinary success story of MEW – a cat-themed memecoin that has made waves in the market. It recently surpassed a $1 billion market capitalization, making it the second feline-themed coin to achieve such a milestone. On Thursday, MEW joined the surge of POPCAT and reached an unprecedented new high (ATH), spearheading the entire feline sector.

MEW Hits Major Milestones

In the past day, there’s been a substantial 18.4% increase in the value of Cat, which is similar to traditional currencies but operates in the digital world. This surge pushed its price to an all-time high (ATH) not once, but twice this morning. Over the last two weeks, it has hit a new ATH five times, climbing over 95.2% and creating quite a stir in the meme coin market sector.

Following a spike to $0.01127, the cryptocurrency reached the anticipated $1 billion milestone, making it the second cat-themed token to accomplish this. Consequently, MEW overtook Base Network’s token Brett, ranking as the tenth largest memecoin according to this measurement.

MEW first appeared on the list of memecoins’ top ten back in the second quarter, placing 8th among the dog-themed coins. However, as POPCAT gained prominence, MEW experienced a notable correction, dropping by about 60% after leading the cat-themed sector during the first quarter.

However, over the last month, the cryptocurrency has been surging following a period where it mostly stayed within the $0.004-$0.006 price range during Q3. It appears that the recent upward momentum for MEW may be attributed to its addition to the South Korean crypto exchange, Upbit.

According to Crypto General, a market observer, they’ve spotted the memecoin’s latest progression and pointed out its upcoming goal when used with MyEtherWallet (MEW). The analyst underscored that this cryptocurrency has exhibited a steady upward trajectory since its inception, demonstrating robust strength and promise.

In simple terms, Crypto General predicts significant increases in the near future, implying that the cryptocurrency could reach around $0.045 according to its price trend analysis. At present, MyEtherWallet traders are at $0.0112, which is 1.1% lower than its all-time high.

 Has The Cat Season Arrived?

As a researcher delving into the dynamic world of cryptocurrencies, I’ve noticed a recurring prediction among analysts about an imminent surge in popularity for cat-themed memecoins. Last Thursday, the feline emblem of Solana, POPCAT, reached a new All-Time High (ATH) when it hit $1.67.

Over the past month, the meme coin has experienced a significant 82% increase, making it the first feline-themed token to reach the $1 Billion market capitalization milestone about a month ago. Simultaneously, MEW and POPCAT have experienced impressive growth, while other cat-inspired memecoins have also shown remarkable performance over the last week.

In the previous week, the token Simon’s Cat (CAT), which operates on the BNB Chain, experienced a significant increase, approaching its maximum historical value on Wednesday. The price of CAT soared by an impressive 80.4% over the past three days, largely due to its listing in the future market on the cryptocurrency exchange Binance.

The price leaped from $0.0000245 to $0.0000442, currently trading at 5% below its highest point of $0.0000462 reached a month ago. Even though it dropped by 5.1% compared to yesterday’s rise, CAT still shows a 53% increase over the past week.

According to Crypto Trader Bluntz, it appears that the “cryptocurrency rally” has officially begun, with the entire market surging by more than 8% based on information from CoinGecko.

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2024-10-25 13:16