Cat in a Dogs World Pumps Over 40% as PlayDoge ICO Nears $6M
Meme coins have been rallying in the past 24 hours.
Cat in a dogs world (MEW) has jumped over 40%, proving that it’s still in high demand from retail investors.
Meanwhile, PlayDoge (PLAY) is also turning heads, with its ICO closing in on the $6 million milestone.
MEW Token Nears All-Time High in 44% Price Surge
Cat in a dogs world is going viral right now.
MEW’s price has rocketed 44% since yesterday, now hovering around the $0.0080 level.
This rally has also pushed MEW’s market cap past $700 million.
Trading activity has exploded, with spot volumes surging 180% to $381 million.
MEW has even become the sixth most traded meme coin and has topped CoinMarketCap’s gainers list for the past 24 hours.
The futures market is also feeling the heat, with open interest jumping 108% to $157 million in just one day.
But what’s driving all this bullishness?
There’s no clear catalyst, but MEW did just break through a key resistance level at $0.0060 yesterday.
That break could have triggered a wave of buying.
MEW is now just 26% below March’s all-time high of $0.0103.
And if this momentum can be sustained, there’s every chance MEW could return to that high – or even set a new record value.
Meme Coin Market Roars Back to Life as Bitcoin Breaks $67,000
It’s not just MEW doing well – the entire meme coin sector is seeing green across the board.
This widespread rally has pushed the total meme coin market cap back above $53 billion, with over $6 billion in trading volume since yesterday.
Top of the pile, DOGE is up over 5%, while PEPE and BONK have posted more modest 1% gains.
Not to be outdone, WIF has jumped an impressive 12%.
Only a couple of meme coins are bucking the trend, with FLOKI and POPCAT sitting this rally out (for now).
But they’re the exceptions in what’s otherwise a sea of green.
This sector-wide surge isn’t happening in a vacuum.
It’s likely tied to Bitcoin’s recent bullishness, which saw the OG crypto break through the $67,000 level over the weekend.
As often happens in crypto, the rest of the market – including meme coins – tends to follow suit when Bitcoin rallies.
Ultimately, no one knows how long these conditions will last.
But with cat in a dogs world leading the way, investors are keeping a close eye on this sector.
PlayDoge Nears $6M in ICO as Investors Bet Big on Nostalgic P2E Gaming
While cat-themed MEW is stealing the spotlight, a new dog coin is also performing well.
PlayDoge (PLAY) is gaining traction in its ICO – and is approaching the $6 million funding milestone.
This coin brings a unique twist to the GameFi space by combining the nostalgia of Tamagotchi pets with Play-to-Earn (P2E) mechanics.
In Playdoge’s world, users can earn PLAY tokens by caring for their digital Doge.
Users must play with it, train it, and play mini-games to keep it entertained.
It’s like those classic Tamagotchis – but with crypto rewards.
And this approach has interested investors, with over 11,200 people now active on PlayDoge’s Telegram channel.
What’s also catching people’s attention is PlayDoge’s tokenomics.
With 50% of the 9.4 billion PLAY tokens allocated to the ICO, early investors have a chance to get in on the ground floor.
There’s also a 12% chunk set aside for staking rewards.
These rewards are particularly eye-catching since PLAY holders can lock up their tokens and receive estimated annual yields of 83%.
PLAY holders who do this have three ways to earn: through price appreciation if PLAY rallies, through staking rewards, and through the P2E gameplay.
All in all, as the meme coin market turns green once more, PlayDoge’s mix of retro vibes and crypto income could be in high demand.
This makes it one to watch in the days and weeks ahead.
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