TL;DR
MEW outperformed leading meme coins, surging by double digits on a daily scale, shortly after its inclusion on Binance Alpha.
MEW Climbs the Ladder
The meme coin sector has seen better days, with many tokens experiencing declines in the past 24 hours. PEPE has fallen by 2%, FLOKI is down 2.5% for the day, while Shiba Inu (SHIB) has retraced by 3.5%. However, some have charted substantial gains. An evident example is Cat in a Dogs World (MEW), whose price has jumped by almost 15% on a daily scale.
Current Market Situation
Currently, it is worth roughly $0.003077, which is the highest mark observed in the past six weeks. Its market capitalization surged above $270 million, making MEW the 14th-biggest meme coin.
Binance Alpha Effect
Its upswing could be attributed to Binance, which recently placed the asset in its Binance Alpha section. The latter is a platform part of the exchange’s ecosystem designed to spotlight crypto projects with growth potential. It serves as a pre-listing token selection pool and could be followed by official inclusion in the trading venue.
Market Analysis
Despite its recent revival, MEW stands far from its peaks registered in 2024. Last year, the meme coin garnered significant attention from investors, while the popular exchanges that allowed trading services with it include OKX, Upbit, Kraken, Bybit, Gate.io, and others.
MEW’s Performance in the Past
MEW reached an all-time high of around $0.012 in November 2024, and since then, it has been on a significant downfall. Back then, its market capitalization stood above $1 billion, coinciding with an overall boom of the entire meme coin niche.
The Binance Effect in the Past
Support from the world’s largest crypto exchange often positively affects the price of the involved assets due to increased liquidity and boosted accessibility. Last week, it included the meme coins Mubarak (MUBARAK), CZ’s Dog (BROCCOLI714), Tutorial (TUT), and Banana for Scale (BANANAS31) in its Binance Simple Earn section.
Conclusion
In conclusion, MEW’s recent surge in value can be attributed to its inclusion in Binance Alpha, a platform designed to spotlight crypto projects with growth potential. The asset’s market capitalization has surged above $270 million, making it the 14th-biggest meme coin.
FAQs
Q: What is MEW?
A: MEW is a meme coin that has recently surged in value, reaching a market capitalization of over $270 million.
Q: What is Binance Alpha?
A: Binance Alpha is a platform part of the exchange’s ecosystem designed to spotlight crypto projects with growth potential, serving as a pre-listing token selection pool and potentially followed by official inclusion in the trading venue.
Q: Why did MEW’s value surge?
A: MEW’s value surged shortly after its inclusion in Binance Alpha, a platform that highlights crypto projects with growth potential, increasing its liquidity and accessibility.
Q: What is the current market capitalization of MEW?
A: The current market capitalization of MEW is over $270 million.
Q: What are the popular exchanges that allow trading services with MEW?
A: The popular exchanges that allow trading services with MEW include OKX, Upbit, Kraken, Bybit, Gate.io, and others.
