Cat In A Dogs World: MEW Slumps 24% As New Multi-Chain Meme Coin Dogeverse Races Towards $500K On Day One

The Cat In A Dogs World price slumped 24% in the last 24 hours to trade at $0.003835 as of 5:45 a.m. EST on trading volume that dropped 11% to $70.6 million.

The MEW price has seen an even greater 37% drop in the last seven days, all of which came as part of a correction that started on April 3. But MEW is still 117% higher than launch.

The fall comes despite some positive developments for MEW, which is now available for trading on Coins.ph, the largest fiat and crypto e-wallet in the Philippines.

🐈 New Token Alert: $MEW (cat in a dogs world) is now available for trading on https://t.co/ehQWvZk9FW!

Trade MEW/PHP on Coins today! 🚀 https://t.co/b4qJ3udOAI#MEW #CoinsPH @MewsWorld pic.twitter.com/WDtZYUDdh5

— Coins.ph (@coinsph) April 8, 2024

AssetDash also announced that MEW was added to SuperSwap Rewards, while CompareMarketCap said on April 5 that MEW was compared the most with DOGE last week, which is encouraging for the token’s future, as well as for its standing with traders and investors.

Despite all of this, however, its price still corrected, as the crypto sector continues to struggle.

Cat In A Dogs World Price Prediction

While Cat In A Dogs World lost a fair chunk of its value over the last few days, there are some signs that things might finally turn around for the token. Right now, traders from around the world are looking into technical indicators to get a hint regarding MEW and its potential recovery.

For example, Cat In A Dogs World’s Bollinger bands have recently seen widening, which is generally a bullish sign. The price may be closer to the lower band, but it shows signs of recovery which might take it further up.

In addition, MEW’s Relative Strength Index (RSI) value has reached the oversold zone in the past few hours, venturing deep below the neutral area. This is also a positive sign, as traders who pay attention to RSI value might move in to buy MEW now that its price has been knocked down so much.

In doing so, they will create demand that might push the price back up. For the moment, MEW has a strong resistance stopping it from growing at $0.0040. However, the young meme coin also finds itself in a position where a recovery is just waiting to happen. With that being the case, the MEW price could soon see a rally that would potentially break the resistances and take it back to $0.0050, and potentially even higher.

Promising Alternatives to Cat In A Dogs World

As soon as Cat In A Dogs World took the meme coin sector by storm simply by announcing that the era of dog coins has ended, a new dog crypto emerged, as if to prove it wrong. Known as Dogeverse (DOGEVERSE), the new project just launched its presale yesterday, April 8.

The project presents itself as the world’s first chain-traveling Doge. This comes from the fact that it was built on a multichain network that consists of Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base.

https://twitter.com/The_DogeVerse/status/1777683023787405618

The face of the project is the dog Cosmo the Doge, the chain-hopping Doge that was born from a collapsing supernova, which allows it to hyperjump between the stars of the crypto universe. Now, its goal is to unite the crypto community and push multichain utility by being the first dog meme coin to launch on six different chains.

https://twitter.com/The_DogeVerse/status/1777637637072834628

For now, however, the project is still in presale, which has already raised $415k in just its first day. Its token, DOGEVERSE, is available for $0.00029, and anyone can buy it with ETH, USDT, or via credit/debit card.

In less than three days, or when sales reach $870k, the price will be hiked, suggesting now is the best time for interested buyers to act.

Visit DOGEVERSE official website.

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