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
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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
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