We Asked ChatGPT if MEW Can Become the Biggest Solana Meme Coin in 2024

TL;DR

  • Cat in a Dogs World (MEW), a meme coin on the Solana blockchain, has increased by 60% in one week, supported by new trading options on the OKX exchange and significant investments from large investors.
  • The likelihood of MEW becoming the top Solana-based meme coin is uncertain as it is subject to market trends and innovation. Despite the growth, the token’s success remains speculative and its current market capitalization is significantly lower than WIF, the leading asset of its type.

MEW’s moving performance

The cryptocurrency sector has recently experienced severe turmoil, with the global market capitalization falling below $2.5 trillion. Possible reasons for the negative impact on the industry include geopolitical issues. tension Regarding relations with Israel and Iran, this suggests that the US Federal Reserve’s policy of raising interest rates is not yet over.

The meme coin space also suffered real fallout, with a number of such assets flashing red on a weekly basis. Market capitalization leaders Dogecoin (DOGE) and Shiba Inu (SHIB) plunged by double digits, while PEPE, Floki Inu (FLOKI), and Bonk Inu (BONK) suffered even larger losses.

But one meme coin has done well, and its name is Cat in a Dogs World (MEW), which is up a whopping 60% on a seven-day scale.

Earlier this week, the price exploded OKX, a leading cryptocurrency exchange, has seen a 100% increase every day since introducing its trading service. The property also attracted the attention of some whales. entered Its ecosystem with millions of investments.

How high can Mew fly?

We decided to ask ChatGPT if the token could continue to progress and become a token over the next few months. Biggest Solana-based meme coin by the end of this year.

The popular chatbot estimates that such a scenario would depend on things like: various unpredictable factors such as market trends, investor interest and the influence of social media; MEW claimed it can achieve its goals by introducing innovative features not offered by other meme coins.

Last but not least, cat-themed assets could benefit from potential advancements in the Solana network.

the current, 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.

In conclusion, ChatGPT states that outlining such predictions is highly speculative and uncertain, and urges investors to do proper due diligence before jumping into the memecoin sector due to its notorious volatility. I warned you. To learn how to avoid common mistakes related to this issue, watch the dedicated video below.

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