- MEW, a Solana-based memecoin, surged 12% in 24 hours, leading the top 100 crypto tokens.
- MEW’s price spike is driven by Solana’s bullish trend and major exchange listings.
- MEW’s rise highlights the growing popularity and community support for memecoins.
- MEW, a Solana-based memecoin, surged 12% in 24 hours, leading the top 100 crypto tokens.
- MEW’s price spike is driven by Solana’s bullish trend and major exchange listings.
- MEW’s rise highlights the growing popularity and community support for memecoins.
MewsWorld (MEW), a Solana-based memecoin, has become the leading gainer in the past 24 hours among the top 100 crypto tokens. MEW, also known as “Cat in a Dog’s World,” experienced a significant price increase of over 12% in just one day.
Factors Behind MEW’s Recent Success
MewsWorld’s surge is part of a broader bullish trend in the cryptocurrency market, with Solana itself seeing an impressive 18% rise over the past week. The memecoin’s performance has been particularly noteworthy, given the competitive nature of the crypto market.
The overall bullish sentiment surrounding Solana is one of the primary reasons behind Mew’s success. As the fifth-largest digital asset, Solana has been attracting significant attention from both retail and institutional investors.
This positive sentiment has spilled over to Solana-based tokens like MEW, driving their prices higher.
Additionally, the listing of MEW on major cryptocurrency exchanges such as Bithumb has played a crucial role in its price surge.
The increased trading volume on these platforms has boosted MEW’s visibility and liquidity, making it more accessible to a broader audience. On-chain data from CoinGlass revealed that MEW’s open interest skyrocketed by 60% in the last 24 hours, indicating a growing interest from traders.
Technical analysis; MEW’s Bullish Outlook
The memecoin has formed a bullish double-bottom pattern on its price chart, suggesting potential for further gains. If MEW maintains momentum and closes above the critical resistance level of $0.0065, more significant upside movement will likely occur. Otherwise, a pullback to $0.0033 is possible.
The rise of MEW highlights the growing popularity of memecoins within the crypto community. These tokens, often created as jokes or parodies, have gained substantial traction due to their viral nature and community-driven support.
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