- The price action of both Popcat and cat in a dogs world has a strongly bearish bias for the coming weeks.
- The sentiment behind both memes was neutral in the futures market, but one of them saw heightened spot demand recently.
Popcat [POPCAT] and cat in a dogs world [MEW] have both been trending downward on the price chart over the past month.
They have followed in the footsteps of the wider memecoin market, which has been in a slump since mid-November.
POPCAT was at a $741.9 million market cap at press time, and MEW at $563 million. An earlier report by AMBCrypto suggested there’s a chance that MEW can overtake POPCAT, but this has not yet happened.
A memecoin flippening might not be too far, but are there signs that MEW would be the stronger performer in the coming weeks?
Sentiment has been firmly bearish recently
Source: Santiment
AMBCrypto compared the sentiment and social trends of both coins. The Weighted Sentiment was negative for POPCAT over the past month, showing a lack of enthusiasm among online engagement posts.
The Social Volume has also trended downward due to the price slump, and fewer market participants posted about the coin.
