The MEW price absolutely exploded this week. Per CoinGecko, MEW’s price has surged by over 130% over the past week. This rise has positioned MEW among the top performers among meme coins.
Crypto influencers have noted this trend, highlighting the potential for continued growth.
Cat-themed Coins Lead the Charge
That Martini Guy, a top analyst, tweeted about the dominance of cat-themed coins. He emphasized that these coins have been outperforming others in terms of price.
“Memes are dominating the market! Cat-themed coins are currently the top performers in terms of price on CoinGecko and have been leading for quite some time,” he stated.
He also noted that Bitcoin is showing bullish trends and that MEW has broken past its descending trendline, suggesting the possibility of reaching a new ATH.
MEW’s Price Surge and Future Potential
Crypto enthusiast Morgzy also shared his insights on MEW’s performance. He pointed out that despite the price increase, the MEW team has not yet released major announcements.
“The crazy thing is the $MEW team haven’t really dropped any alpha yet other than securing major listings. Huge collaborations and partnerships to come. Things could get silly. If you don’t think leading memes like this can 20-50x from here then idk what to tell you,”
The crazy thing is the $MEW team haven’t really dropped any alpha yet other than securing major listings.Huge collaborations and partnerships to come. Things could get silly. If you don’t think leading memes like this can 20-50x from here then idk what to tell you. That would… pic.twitter.com/PJ0UMCRbJo
— Morgzy (@cryptomorgz) July 21, 2024
Morgzy tweeted. He suggested that with more foresight, MEW could potentially reach a market cap of $10-25 billion.
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Current Market Data and Future Speculations
Per data from CoinGecko at press time, MEW trades at $0.0081 with a daily trading volume of over $415 million. This is a 40% increase in the last day and a 133% rise over the past week.
Such growth has fueled speculation about MEW’s future, especially with potential collaborations and partnerships on the horizon. This rise in price highlights the growing interest and investment in meme coins, particularly those with unique themes like MEW.
Besides the performance of cat-themed coins, the broader crypto market is also experiencing notable trends. Bitcoin is currently bullish, which has positively impacted the overall market sentiment.
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