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The Cat In A Dogs World price plunged 17% to trade for $0.00384 as of 01:25 a.m. EST on trading volume that slid 15%.
Other cat-themed token peers also plunged, including Toshi (TOSHI), Popcat (POPCAT), Mog Coin (MOG), and Wen (WEN).
Cheat Sheet For Cat-Themed Token Traders
This may seem surprising considering the broader market is flashing green, with most altcoins posting marginal gains. But a closer look shows that almost every time the Bitcoin (BTC) price is showing strength, cat-themed tokens are weak.
With such a seesaw kind correlation, investors can use this as a cheat sheet to open and close their positions when trading in cat-themed tokens, especially for the sector’s leading tokens by market capitalization.
The negative correlation between cat-themed tokens and the Bitcoin price has been strong enough to deny the Cat in a Dogs World price a chance to rally on the back of news that MEW will be listed on BitPanda exchange on April 12.
New Listing at #bitpanda via Spotlight🔥
Date: 04/12/2024 14:00 MEZ
Coin/Token : #MEW
Mcap: 309 Mio €
CMC Watchlists: 26,661Get free Coins as #BEST-Vip🤩
The higher your VIP level, the more free coins you get🤩@MewsWorld X @Bitpanda_global #crypto#bitcoin… pic.twitter.com/WEFjsr1WIV— Bitpanda Ecosystem Token (@BEST_Inofficial) April 10, 2024
Cat In A Dogs World Price Outlook
The Cat In a Dogs World price is trading with a bearish bias, stuck below the midline of the market range measured from $0.00119 to $0.00983. This range is determined by marking where selling pressure climaxed to where buying pressure climaxed.
Based on the position of the Relative Strength Index (RSI), the market is hinting at a further downside, seen with the momentum indicator subdued below the 50 level. The Moving Average Convergence Divergence (MACD) is also in negative territory, suggesting a bearish cycle.
Enhanced seller momentum could see the Cat in a Dogs World price extend the fall to the bottom of the market range at $0.00119. This would be the ideal entry point for the late bulls.
TradingView: MEW/USDT 12-hour chart
On the other hand, if the $0.00350 threshold holds as a support level, the Cat in a Dogs World price could recover. Increased buying pressure could see the MEW price flip $0.00551 resistance into support. A decisive candlestick close above this level on the 12-hour timeframe would encourage more bulls.
This could see the ensuing buying pressure catapult the Cat in a Dogs World price beyond key roadblocks to reclaim the $0.00983 peak. This would denote a move of nearly 150% above current levels.
Meanwhile, meme coins are benefiting from the capital influx into the BTC market. Dogecoin (DOGE) and Pepe (PEPE), two of the sector’s giants, are flashing green as PUPS (Ordinals) is the biggest sector gainer with upwards of 45%.
That’s created a nice backdrop for new multi-chain ICO Dogeverse, which launched on Apr. 8 and has already raised $2.74 million in its presale in less than four days. Crypto YouTuber Jacob Bury says it’s among the top five cryptocurrencies to buy now before the Bitcoin halving.
Promising Alternative To Cat In A Dogs World
Dogeverse (DOGEVERSE) has launched just as the markets focus on the incoming International DOGE Day on April 20.
Its claim to fame is that it’s the first meme coin to launch on the six most used blockchains after Bitcoin and advertises itself as “The World’s First Chain Traveling Doge.”
Built to run atop Ethereum, BNB, Polygon, Solana, Avalanche, and Base chains, this multichain project boasts a multi-bridge utility with a massive extension to the power of the Doge universe.
While there are multi-chain tokens already in place, none are as expansive and interconnected as Dogeverse intends to be. The token is inserting itself into a narrative that is concentrating minds on the widening opportunities of meme coins being spun up on multiple chains.
The Dogeverse has just got a whole lot bigger with Cosmo the Doge bounding onto the meme coin playing field. Dogeverse makes single-chain meme coins stale – so get with the multi-chain program and the hyper ROI.
Meet #Cosmo! 👋
The world’s first chain traveling #Doge! 🐕🌌
You can now get $DOGEVERSE on any of the chains:#Ethereum 🌐#BNBSmartChain 🔗#Polygon 📦
Coming soon too…#Solana ☀️#Avalanche C-Chain ❄️#Base 🚀 pic.twitter.com/hVOd5dww1D
— DogeVerse (@The_DogeVerse) April 8, 2024
Dogeverse’s powering token is DOGEVERSE, and it’s selling for $0.000293. A price increase is coming in less than two days, so buy now if you are interested for the best price.
Also Read:
- How to Buy Dogeverse – $DOGEVERSE Presale Review
- Dogeverse Price Prediction – $DOGEVERSE Price Potential in 2024
- Multichain Meme Coin Debutant Dogeverse Raises $1 Million In Just Two Days Of Presale
- 5 New Cryptocurrency to Invest in 2024: Promising Game-Changers with 1000x Potential
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