In the midst of the recent downturn in the cryptocurrency market, the Solana-based memecoin cat in a dogs world (MEW) has caught the attention of investors with an impressive price increase of up to 50%, challenging market trends. This unexpected rise in the price of the altcoin came alongside the announcement of a major listing on April 3rd, and the sudden surge in the altcoin‘s value has led to speculation.
Rising with Exchange Listing
Despite the perceived slowdown in memecoin season due to the price drop of popular altcoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI), Solana-based memecoins are facing high investor interest. At this point, MEW has emerged as the latest trend altcoin in the spotlight. The sudden price increase of MEW raises questions about what factors could contribute to its ability to counter the broader market downtrend.
The primary catalyst for MEW’s price increase appears to be the cryptocurrency exchange Bitget‘s announcement of listing the altcoin. Bitget’s endorsement by listing MEW has signaled a vote of confidence for the altcoin, which has led investors to turn their attention to it. The MEW listing took place today at 14:00 local time, and trading for the altcoin has commenced. Bitget started deposit transactions for MEW prior to the listing, while withdrawal transactions will begin on April 4th at 15:00 local time.
Bitget’s listing of MEW also includes various events aimed at rewarding users, with a total of 22,000 dollars worth of MEW being distributed. These events range from deposit discounts to trade incentives, encouraging user participation and interaction with the newly listed altcoin. The listing announcement and related promotional activities have undoubtedly contributed to the increase in investor excitement surrounding MEW.
Strong Rally Expected
Following Bitget’s listing announcement and subsequent promotional activities, MEW has seen a significant price increase of up to 50% in the last 24 hours, and at the time of writing this article, it is trading at 0.008621 dollars after a slight pullback. Along with the price, there has been a notable increase in the altcoin’s market value and trading volume.
After Bitget’s listing brought MEW to the forefront, there has been speculation that the altcoin’s price will continue to rise and multiply its value. In particular, examples such as the strong rally of another memecoin MAVIA after being listed on Bitget have fueled expectations that MEW will shine with a similar rally.
