The Cat In A Dogs World price surged 16% in the last 24 hours to trade at $0.005872 as of 3 a.m. EST on trading volume that slid 2% to $197.9 million.
MEW is a popular cat-based meme coin that launched in March. The project attracted attention quickly, positioning itself as an underdog in a dog-dominated meme coin sector, and this allowed it to secure quite a bit of support from the community.
The latest surge in the MEW price came soon after the project integrated with Travala, which was announced on August 1.
The company now allows users to book over 3 million hotels and flights globally using MEW tokens as a payment method, and with the holiday season at full strength, the timing was definitely working in MEWâs favor.
đąNEW INTEGRATION: $MEW is LIVE on Travala!đ
You can NOW BOOK over 3 million hotels & flights globally with $MEW đâïž
To celebrate, enter the giveaway:
1ïžâŁ Follow @MewsWorld & @travalacom
2ïžâŁâ€ïž & đthis post
3ïžâŁPost a cute cat pictuređ
đ Prizes: 1x $500, 2x $250
Ends August 8 pic.twitter.com/LV79JVxr1u
â Travala.com đš âïž (@travalacom) August 1, 2024
On the same day, Coinbase Traders announced on X that Coinbase Advanced is introducing perpetual futures for MEW.
Feeling like a cat in a dog's world? Then Coinbase Advanced has you covered with our upcoming perpetual future listing MEW. Coming to you live along with MEME and JASMY.
The opening of MEW-PERP, MEME-PERP, and JASMY-PERP markets will begin on or after 9:30am UTC 8 AUG 2024. pic.twitter.com/Y0mDPfdKek
â Coinbase Traders (@coinbasetraders) August 1, 2024
The combination of these positive events and the meme coin market getting bullish at just the right time allowed MEW to spike up over the last two days, going from $0.003453 on August 5 to $0.006236 earlier today, August 7.
Cat In A Dogs World Price Prediction
The MEW price has seen a significant price increase over the last two days, going up from a support at $0.0031 to a resistance at $0.0060. However, right now, the project is showing signs of an upcoming correction, which is likely to take place over the next few hours.
Its Bollinger bands have significantly narrowed over the last several hours, only to then suddenly widen again, and once again start narrowing. This suggests that MEW was still trading against the market, pushing the upper band further up, but at some point, it lost its strength, and the price is now rapidly approaching the lower band, which is a bearish signal.
Furthermore, the projectâs Relative Strength Index (RSI) value â a metric that shows whether traders are buying or selling â has dropped from the overbought zone at 70.09 to 47.33. Right now, this means that the tokenâs RSI dropped to the neutral zone, but it remains to be seen whether it will continue its drop to the oversold area.
If it does, the price will likely continue its descent alongside the RSI score. However, this could also provide an opportunity for traders willing to take the risk and buy the dip. With the next weekend approaching, the crypto sector will likely start seeing another short-term rally within days, so buying MEW with its price as low as possible and then waiting for it to surge again could be an opportunity to make some profit.
Traders should still come up with their own predictions and carefully analyze the market before they decide which move to make, and even then, remember that the market remains highly volatile and unpredictable.
Even so, the crypto industry is good at providing opportunities, even if they do come with fairly high risk.
Promising Alternative To Cat In A Dogs World
Right now, Cat In A Dogs World is showing signs of what might be a strong correction. The good news is that there are alternatives for crypto investors who donât want to wait for the price to drop and only then be able to buy the dip.
One alternative is a different type of crypto thatâs in presale now and thus immune to the volatility of the crypto market. Itâs called Mega Dice (DICE), a leading crypto casino with more than 10,000 active users who lock in wagers of more than $50 million every month.
Itâs now launching its DICE token. While Mega Dice will continue to allow users to place wagers using other cryptos, DICE will be much more deeply integrated with its platform.
DICE comes with many benefits for its holders, such as the ability to grant them daily rewards, access to limited edition NFTs, early bird bonuses for presale investors, and more.
Havenât bought $DICE yet? Follow the link below to buy in a few easy steps â not convinced, view our reasons below —ïž
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Current Price: 1 $DICE = $0.100254 đ
Hereâs why $DICE is set to become the leading GameFi token, outpacing all⊠pic.twitter.com/Y3KZDxmkHH
â Mega Dice Casino (@megadice) July 31, 2024
Popular crypto YouTuber Zach Humphries, who has over 149k subscribers, speculated that it could be the next 10x gem and sees it as a potential new Rollbit Coin.
So far, the projectâs ICO has raised over $1.68 million. DICE tokens currently sell for $0.105266 each and can be bought with SOL, ETH, or BNB. With a price hike coming in about 12 days, donât wait too long if you plan to invest.
Visit the official DICE website here.
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