Bitcoin and other large-cap cryptocurrencies may be displaying bearish tendencies. However, not Solana meme coins.
The Catwifhat meme coin, a feline version of the popular Dogwifhat token, is back to its bullish ways.
$CWIF has skyrocketed by 77% today on Tuesday and is currently trading at $0.0000007, thanks to a 160% surge in its trading volume. According to data from CoinMarketCap, Catwifhat is back at a $30 million market capitalization.
In other crypto news, new presale Dogeverse has raised over $13 million in its presale and is nearing its highly-anticipated launch. Experts are bullish on this new meme coin and are backing it to deliver up to 100x returns.
Catwifhat Price Skyrockets – Will it Replicate Dogwifhat?
The meteoric ascent of Dogwifhat is still fresh in the minds of investors who are cautious not to fade its feline counterpart.
Indeed, $WIF showed stunning growth to become the top Solana meme coin, boasting a valuation of $4.8 billion at its peak.
More importantly, Dogwifhat managed to establish a strong correlation with Solana, the native cryptocurrency that has been the standout performer thus far in this crypto bull market.
$WIF is just $SOL on 4x leverage at this point
— HornHairs 🌊 (@CryptoHornHairs) April 7, 2024
Minus the funding and risk of liquidation
As long as $SOL is on track for a new ATH and above, $WIF looks like it’ll continue to out perform most things pic.twitter.com/2nSw83eono
Now, Catwifhat appears to be replicating its performance. The feline meme coin is now up 350% over the past week. Interestingly enough, it still has a market capitalization of just $30 million, a fraction of Dogwifhat’s peak valuation.
The meme coin continues to receive new catalysts almost every day which gives a major boost to its price.
On April 25th, the Catwifhat perpetual futures went live on BitMart. Similarly, its market capitalization and circulating supply are now verified by SolanaFM, CoinMarketCap, Solscan and CoinGecko. It is also currently trending on numerous other platforms including DEXTools and Bireye.
Catwifhat’s X account as well as its backers are now pushing for KuCoin to list the meme coin on its platform.
It would not therefore be surprising if CWIF surpasses its previous all-time high of $36 million in the next few days.
Dogeverse Crypto Presale Raises Over $13 Million – Best Meme Coin To Buy Now?
Dogeverse is another Solana meme coin that is garnering significant attention. The new meme token has already raised over $13 million in its ICO in just the first few weeks, signalling strong early demand.
However, Dogeverse is not an ordinary Solana meme coin. In fact, it is the first truly multi-chain meme coin that has been launched on 6 different blockchain ecosystems. These stellar chains include Solana, Ethereum, Base, Polygon, Avalanche and BNB Smart Chain.
Dogeverse’s multi-chain status is not a meaningless feat. Each blockchain ecosystem has its own set of DEXs, CEXs and tracking tools. For instance, investors search for new Solana meme coins on Birdeye while Ethereum investors are often scouring DEXTools for the next 100x crypto.
Being a multi-chain meme coin means Dogeverse will hit all these platforms after its launch, grabbing maximum eyeballs and significantly increasing its price potential.
This also allows investors to enjoy the best features of each of the blockchains, such as Solana’s low trading fees or Polygon’s scalability.
Investors buying Dogeverse with ETH can stake their holdings and earn staking rewards, currently at an APY of over 70%.
As a result, trading experts and crypto influencers such as Jacob Bury and Crypto Boy project Dogeverse to potentially deliver 100x returns.
