Crypto News – The global market capitalization of the cryptocurrency industry has fallen below $2.5 trillion as a result of the recent extreme volatility. The industry may be adversely affected by several factors, including the geopolitical tension between Iran and Israel and signs that the US Federal Reserve may continue to raise interest rates.
MEW Crypto Rises 4% as Crypto Market Suffers from Volatility
The meme coin world was not immune to the negative effects of reality; however, many of those kinds of assets flashed red on a weekly basis. While Pepe (PEPE), Floki Inu (FLOKI), and Bonk Inu (BONK) have suffered even greater losses, the market cap leaders, Dogecoin (DOGE) and Shiba Inu (SHIB), have plummeted by double digits.
On the other hand, Cat in a Dogs World (MEW), a meme coin, is doing quite well. It has increased by an astounding 85.67% over the past seven days. The price of the meme coin skyrocketed earlier this week by 100% every day after trading services were launched with it by the top cryptocurrency exchange, OKX. A few whales were also drawn to the asset, and they made multi-million dollar investments to enter its ecosystem.
What Does ChatGPT Say About MEW Meme Coin?
Interestingly, ChatGPT was asked whether the token can maintain progress in the following months and become the biggest Solana-based meme coin before the end of this year. According to the well-known chatbot, the likelihood of such a scenario varies depending on several uncontrollable variables, such as investor interest, market movements, social media influence, and more. It asserted that MEW can accomplish that objective by bringing novel characteristics that are absent from other meme coins.
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