Cat In A Dogs World Outsmarts Dogecoin, Shiba Inu, Emerges As Top Coin For The Week: What's Going On?
Portfolio Pulse from Aniket Verma
Cat-themed meme coin, Cat In A Dogs World (MEW), surged 81% over the past week, outperforming other cryptocurrencies like Dogecoin, Shiba Inu, and Bitcoin. The rally is driven by first-time traders and small retail investors. Solana (SOL) also saw a 7% increase, with growing interest from major investment firms.
July 25, 2024 | 4:09 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Solana (SOL) saw a 7% increase this week, with growing interest from major investment firms like Franklin Templeton.
Solana's 7% increase and growing interest from major investment firms indicate positive sentiment and potential for further gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Bitcoin (BTC) retraced this week, underperforming compared to the significant gains seen in the meme coin MEW.
Bitcoin's retracement indicates a weaker performance relative to the significant gains in MEW, which could lead to short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Dogecoin (DOGE) experienced a dip this week, underperforming compared to the 81% surge in MEW.
Dogecoin's dip in the face of MEW's significant gains could lead to short-term negative sentiment among investors.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Shiba Inu (SHIB) also saw a dip this week, underperforming compared to the 81% surge in MEW.
Shiba Inu's dip in the face of MEW's significant gains could lead to short-term negative sentiment among investors.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50