Altcoin
MEW Price Shoots Up 14% On Major Exchange Listing After SHIB and DOGE
Solana meme coin Cat in a Dogs World stole the spotlight across the meme crypto sector on Monday as MEW price witnessed a remarkable surge. Recent market data reveals that the Solana meme token’s price shot up nearly 14% in light of listing on a renowned cryptocurrency exchange. Notably, South Korean crypto exchange pioneer Upbit revealed that the token is being listed pegged to the Korean Won (KRW) pair on the trading platform. This decision has echoed a market frenzy, as the Solana-based coin emerges as the third meme coin to achieve such a feat after DOGE and SHIB.
Cat in a Dogs World (MEW) Secures Listing On Upbit After DOGE & SHIB
In an official Upbit announcement dated October 21, the crypto exchange revealed that it is adding Cat in a Dogs World to the KRW market today. This means that users can trade the MEW/KRW pair on the exchange starting at 16:00 UTC today. Buy orders are restricted for approximately 5 minutes after the trading support, the announcement notified.
Further, deposits and withdrawals are only supported through the guided network MEW-Solana, as mentioned by the S. Korean crypto exchange. Also, deposits and withdrawals can only be made via personal wallet addresses, given confirmation of ownership is completed. Nevertheless, the listing, offering enhanced trade offerings in the Asian market, ignites bullishness as it paves the way for additional trader and investor interaction with the asset.
It’s noteworthy that the Solana-based token is the third meme coin that has been integrated into the exchange with the KRW peg after DOGE and SHIB. Simultaneously, MEW price today rode bullish waves following the Upbit listing announcement.
Solana Meme Coin Extends Gains
MEW price noted an uptick of 14% in the past 24 hours and is currently trading at $0.009561. The coin’s intraday low and high were recorded as $0.008382 and $0.01043, respectively. Traders also appear to have reacted positively to the listing announcement, as the coin’s intraday trading volume noted a staggering 370% increase to $358.26 million.
Meanwhile, market watchers anticipate further gains for the asset, primarily attributable to the listing announcement whilst reflecting on previous data. Notably, the Solana meme token also rallied remarkably the previous month as Upbit revealed listing for it in BTC and USDT markets. This past performance has brought significant attention to the latest KRW pair listing.
In addition, Coinglass data indicated that the Solana-based coin’s futures OI upsurged nearly 16% to $165.43 million today. Moreover, even the derivatives volume gained 302% to $1.32 billion, sparking optimism. Coupled with today’s price gains, data indicates that MEW is currently on an uptrend.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A Dogecoin whale raised severe market concerns as the week kicks off, recently dumping nearly 176 million DOGE to a crypto exchange. Despite the renowned dog-themed meme token already being on a price rally, the whale dump emerged, raising investor sentiments of a looming correction. Meanwhile, DOGE price beat Bitcoin in intraday gains, soaring 4% despite the massive dump. Market watchers speculate over the asset’s future price trajectory in the wake of recent market statistics.
Dogecoin Whale Dump Amid Rally Raises Investor Concerns
In a notable shift of events, a Dogecoin whale was recorded to have dumped 176.64 million DOGE, worth $25 million, to the leading crypto exchange, Binance. As per Whale Alert data, the wallet address DD1…jCn moved the abovementioned amount of coins to Binance as of October 20. The transaction, underscoring a loss of investor interest in the asset, ignited bearish market concerns surrounding the leading meme coin’s future price action.
However, it’s worth mentioning that the token is currently on an uptrend against the backdrop of Musk-related events amid the ongoing U.S. presidential buzz. CoinGape Media reported the token to be riding bullish waves amid Elon Musk’s recent donation worth $75 million to elect Donald Trump. Nevertheless, the massive Dogecoin whale dump, bringing selling pressure to the asset, births severe concerns surrounding the coin’s future price trajectory.
Is A Correction Next For DOGE?
At press time, DOGE price witnessed gains worth 4% in the past 24 hours and is currently trading at $0.1473. The coin’s intraday low and high were $0.1376 and $0.1488, respectively. Notably, weekly and monthly charts for the token illustrated gains worth 32% and 39%, respectively. However, as mentioned above, investors remain apprehensive about future movements due to the aforementioned massive Dogecoin whale dump.
Further, Coinglass data indicated a 0.5% dip in DOGE futures OI to $1.06 billion, adding to market concerns orbiting the asset. A recent DOGE price analysis by CoinGape Media indicated that the meme coin eyes a correction ahead after noting roughly 30% weekly gains as it entered into an overbought region. Notably, the analysis indicated that the asset’s price stretched too far from the Exponential Moving Average, pointing out that buyers overextended the recovery trend. This dynamic flags that the coin could witness a correction due to being overbought.
Additionally, an X post by crypto market analyst Ali Martinez over the weekend indicated that TD Sequential flashed a sell signal on the coin’s daily price chart. This metric further hinted that the Dogecoin eyes a brief correction before the continuation of an uptrend. Altogether, recent market dynamics collectively hint that the meme-themed crypto is readying for a potential correction ahead.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The broader cryptocurrency market has displayed a strong show over the weekend with the Bitcoin (BTC) price rallying close to $70,000 and altcoins taking the charge in a fresh surge. With 3.72% gains in the last 24 hours, Ethereum (ETH) leads the alt space shooting all the way to $2,750 levels. The recent crypto market rally sees participation from other alts like SOL, ADA, SUI, LINK, and others.
Altcoins Take Charge of the Crypto Market Rally
After holding strongly to $2,600 levels during the past week, market analysts believe that the Ethereum price has largely bottomed with 11 weeks of accumulation and is heading for a rally to $3,000 and above. Also, with Donald Trump’s odds of winning the next US Presidential election on the rise, investors are cheering with a broader crypto market rally.
The technical chart by Crypto McKenna clearly shows that ETH is forming an inverse head and shoulders pattern. Thus, it could continue its rally further to $3,000, and a further breakout above this could trigger a rally to $4,000 levels.
On the other hand, Ethereum competitor Solana has extended its rally with an additional 6.39% gain and is moving all the way to $170. levels. For the past several months, the SOL price has remained range bound between $130-$210. Popular crypto analyst Peter Brandt stated that the SOL is forming a cup and handle pattern on a multi-year chart. Thus, a breakout above $210 would set the stage for the Solana price rally.
Another altcoin joining the crypto market rally, and everyone’s favorite recently, is SUI. While comfortably taking support at $2.0, the SUI price has reversed its trajectory and is currently trading 33.88% up at $2.15. The SUI price, which is already up by a staggering 460% over the past year, is set to continue to rally further to $2.60, noted crypto analyst Ali Martinez. He added that as long as SUI holds $2.0 and reverses its trajectory, it will continue to rally to $2.60.
$SUI remains within a rising parallel channel, signaling a possible bounce that could push it to $2.60! Keep an eye on the key $2 support level, though, for any potential trend shifts. pic.twitter.com/mM9iyFaYNW
— Ali (@ali_charts) October 20, 2024
Will Bitcoin (BTC) Follow With New All-Time High?
The world’s largest crypto Bitcoin (BTC) has staged a strong recovery with more than 7% gains over the past week being very much part of the crypto market rally. However, the BTC price still needs to clear past the $70,000 resistance to hit a new all-time high in October. On the other hand, the Bitcoin futures open interest is surging pretty fast showing that investors continue to remain bullish over the long term.
Last week, the US spot Bitcoin ETFs netted more than $2.4 billion in weekly inflows amid the growing optimism and outlook ahead of the US elections. Republican candidate Donald Trump is openly pro-crypto, with Bitcoin often being considered a “Trump trade”. David Lawant, head of research at crypto prime broker FalconX said:
The Bitcoin options market indicates that “forward implied volatility is heavily clustered around the election day and somewhat subdued leading to it and some time after it”.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Buying this Shiba Inu Killer Might be the Easiest Way to Make $1M in 2025, Says SHIB Top Trader
Memecoins forever changed the crypto landscape, and Shiba Inu and DOGE proved that popularity and community-driven support could make a project a huge success.
Drawing inspiration from their successes, a new up-and-comer, RCO Finance, is vying for the top spot and is positioned to outpace even SHIB easily. A top Shiba Inu trader claims RCO Finance might be the easiest way to turn a small investment into $1M by 2025.
Shiba Inu 2025 Price Prediction
Many would call Shiba Inu the most popular meme coin since its huge price explosion in 2021. Initially seen as a “DOGE killer,” SHIB quickly attracted the attention of crypto enthusiasts and gathered a very dedicated community.
Predictions for Shiba Inu prices in 2025 vary greatly, reflecting the inherent volatility and speculative nature of the crypto. As of October, it is trading at $0.000018, with some analysts speculating it could reach highs of $0.00005 and even $0.00007. This jump is very plausible, considering it rose 72% in 2024.
Of course, this price growth depends on several factors. It will be fairly driven by the sentiment in the wider market. Broader market sentiment has a big influence on its performance. The Shiba Inu growth trajectory can be fueled by market bullishness or blocked by market bearishness.
The development of SHIB’s ecosystem and its utility beyond its memecoin status will also be a factor in its success. The Shiba Inu community remains active, which might urge speculative interest and price movements.
Is RCO Finance’s (RCOF) the Easiest Way to Make $1M in 2025?
This top SHIB trader is confident that RCO Finance (RCOF) could be the easiest way for investors to reach the $1 million mark by 2025. Based on various factors, he believes RCOF is positioned for strong potential to yield monumental returns.
RCO Finance stands out for its unique blend of cutting-edge technology and real-world utility. RCOF’s innovative platform makes crypto trading more accessible to a wider audience. It combines decentralized finance (DeFi) with AI and machine learning to enhance the investing experience.
One of its outstanding AI-powered features is the robo-advisor. As your personal investment consultant, it monitors your portfolio and market conditions to create personalized investment strategies. This automation simplifies crypto trading, opening it to traders at all skill levels. It reduces emotional trading to enable more data-driven decisions.
Where most cryptos are confined to digital assets, RCOF gives investors direct access to real-world assets. Acquiring these assets was only possible through conventional means, so this opportunity is a game changer. There’s no crypto-to-fiat currency conversion required. RCO Finance gives investors further diversification and wider access to investment opportunities.
The system behind RCOF is AI-driven, making it cheaper than its traditional counterparts. By utilizing AI and blockchain technology to eliminate intermediaries, RCO Finance reduces transaction fees and execution costs.
RCOF is a completely decentralized model in which users have direct ownership of their assets. This lowers the risk involved with using third-party custodians, such as fraud or portfolio manipulation.
RCO Finance extends its commitment to security with partnerships from industry leaders like Fireblocks and collaborates with SolidProof to audit its smart contracts comprehensively.
It offers great opportunities for staking, where users receive rewards for holding and staking RCOF tokens. Staking pools offer as many as 88% APYs, making them quite lucrative for long-term investors. The project’s deflationary model ensures the token value appreciates over time as demand grows and supply reduces
This focus on utility and long-term growth makes RCOF more than just a Shiba Inu rival. It could surpass SHIB in value, giving early investors a unique opportunity for massive returns, such as $1M in 2025.
Your Chance To Make $1M in 2025 is Here
With its fresh approach and massive potential, RCOF is well-placed to outshine Shiba Inu in no time. The RCOF presale is underway, and demand is soaring. Over 69,436,452 tokens have already been sold in the second stage of the presale.
Keep the chance to secure tokens at a low price of $0.034. Once the presale ends, the price is expected to skyrocket as more investors discover the potential of RCOF. This is your best chance to make $1M in 2025; invest in RCO Finance now.
For more information about the RCO Finance (RCOF) Presale:
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