MEW Emerges as a Standout Memecoin Asset, Outperforming POPCAT

MEW has registered a more significant hike in value over the past week.

Over the last 24 hours, two memecoin assets, POPCAT and Cats in a Dog World (MEW), have emerged as standout performers. Their performances have varied greatly, with MEW showing a smaller market capitalization but a more significant increase in value over the past week compared to POPCAT.

In the memecoin sector, the last 24 hours have been particularly active, with MEW and POPCAT both making notable gains. Initially, POPCAT led with significant gains of over 6%. However, MEW outpaced it with an impressive hike of over 8%, making it the top gainer for the day among memecoins.

Looking at a broader timeframe, the seven-day performance data from CoinMarketCap reveals an even more striking trend for MEW. It dominated the top 20 memecoin assets, boasting a remarkable 65% hike over the week, far outstripping other assets in its category. In comparison, another prominent player, Dogecoin (DOGE), saw a modest increase of “just” 7%.

At the time of writing, MEW’s market capitalization was just below that of POPCAT, with the latter at around $898 million and MEW at approximately $718 million. The sustained higher growth rate of MEW, compared to POPCAT, suggests that there could soon be a shift in the rankings within the memecoin market.

Furthermore, an analysis of trading volumes reveals a marked difference in market activity, with MEW commanding a significantly higher volume. According to the volume charts on Santiment, MEW’s trading volume was over $185 million, at the time of writing. Also, the volume rose to over $200 million during the previous trading session – A sign of strong market interest and activity.

On the contrary, POPCAT’s trading volume was considerably lower, standing at around $65 million. This figure represented less than half of MEW’s volume, underscoring a less intense trading activity. Even in the previous session, POPCAT’s volume was only slightly higher, at around $69 million.

Should this trend continue, MEW might close the gap and potentially surpass POPCAT in market valuation.

Over the past week, the memecoin – A Cats in a Dog’s World (MEW) – has exhibited dramatic fluctuations. The week began with a significant surge of 38.61%, boosting its price from approximately $0.005 to $0.007. However, the momentum encountered a setback when MEW recorded a decline of over 9%.

Despite this dip, however, MEW has shown resilience. It was trading at around $0.008 again, at the time of this writing, on the back of a 5% hike.

Conversely, POPCAT had a more challenging start to the week, with its price falling BY over 12% in the first two days. Nevertheless, it managed a significant recovery by the end of trade on 26 July, where it saw an almost 15% hike, bringing its price to around $0.9. This recovery marked only the second hike for POPCAT in the last seven days.

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