We Asked ChatGPT If MEW Could Become the Biggest solana Meme Coin of 2024
TL;DR
- Cat in a Dogs World (MEW), a meme coin on the Solana blockchain, surged a significant 60% in one week, supported by new trading options on the OKX exchange and significant investments from large-scale investors.
- MEW’s potential to become the top Solana-based meme coin is uncertain, influenced by market trends and innovations. Despite its growth, the token’s success remains speculative and its current market cap is significantly lower than the leading asset of this type, WIF.
The cryptocurrency industry has experienced serious turbulence recently, with global market capitalization falling below $2.5 trillion. Some of the possible reasons that negatively affect the sector may be the geopolitical tension between Israel and Iran and signs that the US Federal Reserve’s interest rate increase policy is not over.
The meme coin world has also suffered the negative consequences of reality; A large number of such assets were flashing red on the weekly scale. dogecoin (DOGE) and Shiba Inu (SHIB), leaders in terms of market cap, fell by double digits, while pepe (PEPE), Floki Inu (FLOKI) and bonk Inu (BONK) witnessed much more significant losses.
However, one meme coin is green and called Cat in a Dog World (MEW) – up a whopping 60% on a seven-day scale.
Price at the beginning of this week Exploded It rose 100% on a daily basis after leading cryptocurrency exchange OKX introduced its trading services. The presence also attracted the attention of some whales. entry ecosystem with millions of investments.
How High Can MEW Fly?
We decided to ask ChatGPT if the token will continue to progress in the coming months and the biggest Solana-based meme money before the end of this year.
The popular chatbot predicts that such a scenario depends on: various unpredictable factors including market trends, investor interest, social media influence and more. He claimed that MEW could complete this goal by offering innovative features that other meme coins do not offer.
Finally, the cat-themed asset could benefit from the potential advancement of the Solana network.
Right now, MEW has a market cap of less than $500 million, while WIF (the largest meme coin built on the Solana blockchain) has a market cap of over $3 billion.
As a result, ChatGPT stated that outlining such a prediction is highly speculative and uncertain and warned investors to do appropriate due diligence before jumping into the meme coin sector due to its notorious volatility. Those who want to learn how to avoid some common mistakes on the subject can check out our special video below:
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