cat in a dogs world ($MEW) is proving to be a fan-favorite meme coin in the South Korean market, with its volume soaring today amid a price rally.
With that in mind, how far can this token go in Q4?
All Eyes On $MEW As Price Rises, Blow Off-Top Forming On Price Chart
After the South Korean exchange Upbit added a new coin pairing for $MEW against the Korean won (KRW), the project’s trading volume and price have exploded.
Despite a $966 million market cap, cat in a dogs world is the fourth-most-traded meme coin today, only trailing Dogecoin, Pepe, and Goatseus Maximus.
It currently has a $465 million 24-hour trading volume.
Looking deeper, we can see that $169 million came from Upbit, and another $120 million came from the South Korean exchange Bithumb.
And according to CoinGecko data, $MEW has even become more popular than Bitcoin on Upbit, accounting for 12.28% of the exchange’s total volume in the past 24 hours.
Notably, South Korea is a hotbed for crypto activity, with a recent survey finding that 49.8% of South Korean workers aged 30 to 39 said they have invested in cryptocurrencies.
Given that $MEW is becoming one of South Korea’s most popular cryptos, combined with its relatively low market cap compared to something like Dogecoin or Shiba Inu, we could well see its value soar in the coming months.
We should also note that this $MEW trading volume surge is occurring on the breakout into new all-time highs. This is a crucial consideration, illustrating strong demand as $MEW takes a higher price, which is considerably bullish.
But how far can it go?
Analyst Curb is looking toward a macro high of a $42 billion market cap, which would place its price at over $0.4. The analyst underscored the recent breakout and suggested this could lead to a parabolic rally.
Taking a more conservative approach, prominent trader Crypto Knight targets the $0.026 level.
The scope between these two predictions underscores the immense volatility of meme coins. It also illustrates the complexity of making predictions – both because of time frames and the explosive movements that meme coins experience.
Curb’s post $0.4 target cannot be ruled out, but based on what we know today, it would be overzealous to offer that as a realistic prediction.
On the flip side, Crypto Knight’s $0.026 target marks just over a 2x. Considering $MEW’s rising interest and moderate market cap, this is a reasonable prediction.
But as interest around cat in a dogs world grows, another meme coin is gaining momentum.
It’s called Flockerz ($FLOCK) and what’s great about this project is that it remains in its presale, so investors can buy in from the start.
Flockerz Raises $1M On Plans For Vote-to-Earn DAO – Next 10X Meme Coin?
An inherent problem of meme coins is that many are led by centralized teams or controlled by backseat cabals.
In response, Flockerz is the world’s first Vote-to-Earn decentralized autonomous organization (DAO) meme coin.
The issue of centralized and cabal meme coins is far-reaching. For instance, Pepe team members stole $15 million from the project’s treasury in 2023.
Even cat in a dog’s world is accused of being a cabal coin.
When people say cabal coin, they mean a group of high-networth individuals overtly bought a large portion of the token supply early, and they did it from multiple wallets to not arouse suspicion. This creates a centralized token distribution, which can lead to price manipulation.
Yet Flockerz is a fully decentralized meme coin. It’s available via a presale, providing all investors an equal buying opportunity and ensuring a diluted token distribution.
But that’s not all. It’ll be controlled by the FlockTopia DAO, which consists of all $FLOCK holders. They’ll vote on-chain about everything relating to the project. And they’ll even earn free $FLOCK tokens for it.
Analysts are going wild about this. RJ from Cryptonews says it is “going to blow up.”
However, he highlights that the presale price is rising throughout the campaign.
The next increase is later today.
