Cat In A Dog's World Brushes Off Market Pullback With 6% Spike — Dogecoin, Shiba Inu YTD Performance Pales Against Feline-Themed Coin's 415% Gain
Portfolio Pulse from Aniket Verma
Feline-themed cryptocurrency MEW defied the broader meme coin market slump with a 6% spike, while Dogecoin and Shiba Inu saw declines. MEW's trading volume surged 353%, and its YTD gain reached 414%. The meme coin market's total cap contracted by nearly 2%.
October 22, 2024 | 4:29 am
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NEGATIVE IMPACT
Dogecoin experienced a 0.72% decline amid a broader meme coin market pullback, contrasting with the rise of feline-themed coins like MEW.
Dogecoin's decline is part of a broader meme coin market contraction, while MEW's rise highlights a shift in investor interest towards feline-themed coins.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shiba Inu fell by 3.13% as the meme coin market contracted, with feline-themed coins gaining traction.
Shiba Inu's decline is part of the overall meme coin market downturn, while the rise of feline-themed coins like MEW suggests a shift in market dynamics.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80