In a surprising turn, the Solana-based memecoin known as cat in a dogs world (MEW) has defied the broader cryptocurrency market downturn by experiencing an impressive 50% price surge. This significant increase in value has drawn the attention of both investors and market analysts, particularly as it coincides with the coin’s recent addition to a major cryptocurrency exchange platform.
Exchange Listing Ignites Investor Interest
The memecoin market, previously witnessing a decline with popular coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI) losing value, is now abuzz again. MEW, in particular, has become the focal point for traders searching for promising investment opportunities. The newfound fascination with MEW can be largely attributed to Bitget, a cryptocurrency exchange that has recently announced it will list the coin. As a result of this endorsement, MEW has seen a considerable uptick in trading activity.
The listing event was scheduled for 14:00 local time, with Bitget supporting deposit transactions for MEW in advance. Withdrawals for the altcoin are set to begin at 15:00 local time on April 4th. This strategic listing by Bitget is not just a statement of support but has also been accompanied by a series of promotional events, including deposit bonuses and trade rewards, totaling 22,000 dollars in MEW giveaways, further spurring investor engagement.
Robust Price Rally Anticipated
After a 50% climb within a single day, MEW’s value slightly receded but still trades strongly at 0.008621 dollars, signaling a bullish outlook for the memecoin. This price hike has been mirrored by a rise in MEW’s market capitalization and liquidity, indicating a robust market response to Bitget’s listing and associated promotional events.
Helpful Points
- MEW’s price surge is directly linked to its listing on cryptocurrency exchange Bitget.
- Promotional events surrounding the listing have incentivized trading, boosting MEW’s market presence.
- The MEW situation mirrors prior rallies seen with other memecoins following exchange listings, hinting at potential continued growth.
The market’s enthusiasm for MEW is palpable, and there is speculation that the coin’s value could further escalate, drawing parallels with other memecoins that have soared post-listing. Whether MEW will continue to ride this wave of interest and maintain its upward trajectory remains a closely watched narrative by investors and market speculators alike.