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The Cat In A Dogs World’s price jumped 42% in the last 24 hours to trade at $0.008717 as of 5:20 a.m. EST on trading volume that surged 58% to $346 million.
The MEW token has skyrocketed 420% in the last seven days after going live in late March, and hit an all-time high on Mar. 31. That surge has made it the 9th-largest meme coin with a market capitalization of $719 million
The MEW price is being boosted by the listing of the MEW/USDT pair on Bitget earlier today.
The token is still 17% lower than its ATH, but the fact that the crypto market is once again trading in the green might give it the boost it needs to move higher.
Cat In A Dogs World Price Prediction
With the MEW price on the rise, many meme coin traders are considering joining the action. However, they are uncertain when it comes to what to expect from the project.
Being new to the market, it has very little historical data that could help determine its potential, historical supports and resistances, and the like.
With that being the case, many are turning to technical indicators to try and determine what to do next.
One commonly used indicator is the Relative Strength Index (RSI). The indicator shows that MEW activity has been fluctuating between the neutral zone and overbought zone. This suggests that traders have been pumping MEW’s price, only to take profit, and repeat.
The same conclusion can be seen while looking at MEW’s price over the past week. It would see rise, followed by a small correction, followed by another price increase, and another correction, and so on. Right now, the rising meme coin has seemingly hit a resistance at $0.0088.
However, according to its Bollinger bands, MEW is likely to breach this mark and continue its increase, heading back toward $0.010. The bands have started showing signs of widening, which is a bullish sign. More than that, the widening is coming gradually, which indicates that the price increase is building up naturally, without sharp surges that are typically very short and steep before being replaced by similarly sudden corrections.
All of this suggests that MEW could reach its former ATH in days to come, and possibly even surpass it over the next few days. If another bullish wave takes over the market, this might even happen before the end of the day.
In other words, while MEW is volatile and risky right now, it still holds great potential, and as such, it should be closely monitored by those seeking opportunities among meme coins.
Promising Alternatives to Cat In A Dogs World
While Cat In A Dogs World is quite a unique cryptocurrency that has seen massive growth immediately after launch, many in the meme coin corner of the crypto industry are turning to another token that holds tremendous potential.
The project in question is Sponge V2 (SPONGE), a cryptocurrency inspired by SpongeBob SquarePants memes.
The project has no association with Nickelodeon, but was simply inspired by the memes. Meanwhile, as the name suggests, this is the second version, while the original Sponge V1 was launched in 2023. At the time, SPONGE saw a massive100X pump in a bear market that captured the attention of the entire meme coin sector.
🚀Missed 100x in 2023?💥 $SPONGE is BACK with V2 – Bigger, Better, and ready to absorb the damp!
Hurry and stake now to join the ride! 🔥#SpongeV2 #Web3 #Crypto #Alts pic.twitter.com/VMooQjC79H
— $SPONGE (@spongeoneth) March 25, 2024
Then, its developers decided to discontinue the project and launch V2, with the aim of making it even bigger and better.
The original tokens were bridged, and most of the SPONGE owners have decided to stake their tokens and earn additional rewards. So far, the total amount bridged and staked is at $21.18 million and growing.
However, users can also buy Sponge V2 directly on the project’s website, and stake it as well for a 168% annual return on Ethereum and 371% on Polygon. Anyone interested in it can buy SPONGE with USDT, ETH, MATIC, or a credit or debit card.
Visit the official website to buy SPONGE here
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