Cat in a dogs world (MEW)’s wild surge has come to a pause, as the steep downturn on Wednesday shows. The token slipped 20.49% down the charts, hinting at a crash.
The spotlight is on Slothana (SLOTH) now, another hot ‘non-dog’ meme coin of this season.
Is MEW Going to Zero?
The crypto market has been on a roller coaster over the last few days. The frenzy unleashed by Bitcoin halving has taken a toll on all high-cap crypto coins, including BTC, ETH, and SOL.
The performance of meme coins like Dogecoin, Shiba Inu, Dogwifhat has also been highly volatile. Despite Doge Day on April 20, the mainstream meme coin market failed to spark a strong price action.
However, an interesting narrative has taken root. Investors are now actively moving away from the dominant ‘dog coins’. Instead, the attention has shifted to quirky new themes. Two stark examples of the new trend is cat in a dogs world (MEW) and Slothana (SLOTH).
For a better perspective, MEW has gained close to 200% in less than a month of its launch to touch a market cap of $457M. The FOMO ignited by MEW spread across the market, sending the Slothana presale to an early sell-out. The project raised its $10M goal in a flash.
The growing social media engagement around MEW and Slothana shows that the trend is here to stay. 2024 is likely to be dominated by non-dog themes. That indicates that the current MEW crash is temporary. It has the potential to rebound soon.
Slothana DEX Launch Scheduled for April 29
Slothana will launch on April 29.
The meme coin attained its $10M target ahead of schedule due to high traffic. But it will be available for purchase at fixed discounted prices before the DEX launch. At the current price, early investors will get 10,000 $SLOTH for 1 SOL.
Slothana’s rise to popularity has to do with its unique theme. Like MEW, the project dares to venture beyond the safe ‘dog coin’ themes and establish a unique identity in the market. The theme revolves around a lazy office sloth who is burnt out by the 9-5 grind. It strikes a chord with crypto investors, many of whom are in a similar plight.
Dogeverse Leads the Dog Coin Pack
While the recent turn of events has deterred attention from high-cap dog coins like Dogecoin, Shiba Inu, and Dogwifhat, a new coin has been bucking the trend. The Dogeverse presale is on its way to the $7M milestone. Like Slothana, the token is headed for an early presale sell-out.
Why Dogeverse continues to sell despite the market shift?
The answer lies in the project’s unique theme. Dogeverse is an interconnected multichain universe dedicated to meme coins. It is launching on the most popular blockchains, as shown below.
The decision benefits the project in multiple ways. First of all, different blockchains come with different competitive edges. By launching on multiple blockchains over time, the project looks to take advantage of a wide range of features.
This includes cost efficiency, energy efficiency, speed, popularity, and functionalities to name a few. In addition, the multichain Dogeverse ecosystem will be able to widen its reach with various integrations in the future.
Apart from these tangible benefits, Dogeverse also taps into the speculative potential of the blockchain labels. To give a better context, Solana meme coins like BONK, Dogwifhat, and even MEW have benefitted from their blockchain labels. Base meme coin DEGEN is another good example of the trend.
Presale Ends Soon
The Dogeverse presale is likely to sell out over the next few days due to the growing momentum around the project.
The meme coin market, being highly volatile, can lead to great losses. A good strategy to maintain a healthy portfolio is to secure tokens before they have gone big. The lower prices mitigate the losses and increase the rate of returns. That explains the rising interest in the DOGEVERSE presale.
In addition to discounts, the presale offers staking returns of up to 160% in the current stage.
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