MEW Outpaces POPCAT in Memecoin Market Surge: A Detailed Performance Analysis
- Memecoins POPCAT and Cats in a Dog World (MEW) have captured significant attention recently.
- Notably, MEW has shown a much stronger performance compared to POPCAT over the past seven days.
- Despite its lower market cap, MEW’s weekly uptick of 65% has significantly outperformed other major memecoins, including Dogecoin.
Discover why Cats in a Dog World (MEW) is outperforming POPCAT in the memecoin market with exceptional trading volumes and significant price hikes. Keep reading for an in-depth analysis!
MEW Surges Ahead of POPCAT: A Breakdown
The memecoin landscape has been buzzing lately with notable performances from POPCAT and Cats in a Dog World (MEW). In the last 24 hours, POPCAT initially saw gains of over 6%. However, MEW surpassed this with an impressive hike of over 8%, making it the top performer amongst memecoins for the day.
Trading Volumes: MEW Outpaces POPCAT
Data from CoinMarketCap’s seven-day performance indicates that MEW dominated the top 20 memecoin assets with a staggering 65% increase over the week. In contrast, Dogecoin (DOGE), another notable memecoin, observed a modest 7% rise. During this period, MEW’s market capitalization sat just below POPCAT’s $898 million, with MEW at approximately $718 million.
Santiment’s trading volume analysis also revealed a significant difference between the two. MEW’s trading volume was over $185 million, peaking at over $200 million during the last session, suggesting robust market interest. Conversely, POPCAT’s trading volume was significantly lower at about $65 million, reflecting less intense trading activity.
Price Fluctuations: Weekly Insights
The past week has seen substantial price movements for MEW. The coin started the week with a 38.61% surge, increasing its price from $0.005 to $0.007. Despite a subsequent 9% dip, MEW rebounded and was trading at around $0.008 at the time of writing, propelled by an additional 5% hike.
On the other hand, POPCAT faced a rocky start, with its price falling by over 12% in the initial two days. However, it managed a recovery with a 15% hike by the end of July 26, pushing its price to around $0.9. This marked only the second significant price increase for POPCAT in the last seven days.
Conclusion
In summary, MEW has shown remarkable resilience and superior performance compared to POPCAT in recent times. With significantly higher trading volumes and a robust weekly price increase, MEW stands poised to possibly overtake POPCAT in market valuation if current trends continue. Investors should keep a close eye on these developments, as the memecoin market remains highly dynamic and volatile.
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