Cat-Themed Meme Coin MEW/USD Emerges as Market's Best Performer Tuesday
MEW/USD popped 20% in the last 24 hours, helping investors recoup significant losses incurred over the weekend.
Cat-themed meme coin MEW/USD emerged as the market's best-performing cryptocurrency Tuesday, even as the heavyweights remained restrained.
What Happened: The Solana SOL/USD-based currency popped 20% in the last 24 hours, helping investors recoup significant losses incurred over the weekend.
The memecoin soared 81% in July before taking a U-turn in the first week of August. With the latest reversal, MEW's monthly gains improved to 57%.
The relief rally outshone blue-chip currencies like Bitcoin BTC/USD and Ethereum ETH/USD, while also bettering meme giants like Dogecoin DOGE/USD and Shiba Inu SHIB/USD.
Other Solana-based meme tokens such as dogwifhat WIF and Bonk BONK/USD also recovered, rising 10.94% and 7.92%, respectively.
See Also: Trump’s Son Eric Posts Crypto Cliffhanger, Says ‘Big Announcement’ Incoming — Are We Getting A Memecoin For ‘Real’ This Time?
Why It Matters: The memecoin's surge came alongside a 14% dip in its 24-hour trading volumes, casting doubts about the sustainability of the rally.
Meanwhile, the Cryptocurrency Fear & Greed Index improved from "Extreme Fear" to "Fear" Tuesday, as the market bellwether, Bitcoin rebounded from its Monday crash.
Price Action: At the time of writing, MEW was trading at 0.005992, jumping 20% in the last 24 hours, according to CoinMarketCap.
Image generated with DALL_E 3
Benzinga Pro subscribers can follow the fast-moving cryptocurrency market in real-time with Benzinga's Crypto Scanner.
The above is the detailed content of Cat-Themed Meme Coin MEW/USD Emerges as Market's Best Performer Tuesday. For more information, please follow other related articles on the PHP Chinese website!
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
Notepad++7.3.1
Easy-to-use and free code editor
SublimeText3 Chinese version
Chinese version, very easy to use
Zend Studio 13.0.1
Powerful PHP integrated development environment
Dreamweaver CS6
Visual web development tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
Hot Topics
1382
52
Monsta Mash: The Next Big Thing in Crypto is Here to Shake Things Up!
Nov 09, 2024 am 09:46 AM
As bitcoin attained a new high almost getting to $77,000 on November 8, pointing to a bull market, the timing for Monsta Mash presale couldn’t have been better.
WallitIQ (WLTQ): Investors Positioning For A 34,000% ROI As Dogecoin And Shiba Inu Prices Compete For Dominance
Nov 15, 2024 pm 12:00 PM
The crypto industry is now in a full bullish mood where traders are looking for the best cryptocurrency to get in on. This bullish mood has seen the Dogecoin price and Shiba Inu price compete for dominance among both retail and institutional investor
Rexas Finance (RXS) Presale Gathers Steam as Investors Seek Alternatives to Speculative Meme Coins
Nov 17, 2024 am 07:32 AM
As Shiba Inu (SHIB) and Dogecoin (DOGE) attract fresh investor interest in November 2024, the meme currency mania keeps on full tilt. While DOGE has skyrocketed 56.55%, SHIB, trading at $0.0000193, has seen an amazing 21.87% increase in price.
WallitIQ (WLTQ) To Rival The Meme Coin Hype Cycle
Nov 14, 2024 pm 12:38 PM
The ongoing rivalry between Shiba Inu (SHIB) and Dogecoin (DOGE) has captured the attention of investors. As both projects continue to build, SHIB's lead dev recently proposed a challenge to the Ethereum founder and urged recognition of Shiba Inu (SH
Rexas Finance (RXS): A Promising Contender in the Cryptocurrency Landscape Targeting Real-World Asset Tokenization
Nov 18, 2024 am 04:16 AM
In the fast-paced world of cryptocurrencies, Rexas Finance (RXS) is emerging as a promising contender that serious investors cannot overlook.
Catzilla: A New Crypto Token Soars 700%, Drawing Comparisons to Dogecoin and Sparking Buzz as the Next Big Sensation
Nov 18, 2024 am 06:16 AM
In a world where financial freedom feels out of reach, a new opportunity emerges—Catzilla! Born from the frenzy of meme culture and set for explosive growth
BlockDAG (BDAG) Dominates the Crypto Market, Rivaling Dogecoin and Shiba Inu
Nov 19, 2024 pm 03:08 PM
As the crypto market buzzes with activity from meme coins such as Dogecoin and Shiba Inu, BlockDAG (BDAG) is also gaining significant traction.
Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges
Nov 20, 2024 am 11:21 AM
In addition to surpassing earlier highs, Bitcoin has reached a critical price level of $92,000, which has strengthened its position in the current bullish cycle.