NEKO Cat Token Soars 7,100% and All Eyes Turn to This New Dog Coin That Just Secured $10 Million Funding

cryptonews.com:

In the latest Solana meme coin pump, new token NEKO cat has exploded +7,100% in less than 24 hours.

This article will provide an analysis of NEKO’s current price trends and look to see whether an innovative multi-chain meme coin, Dogeverse , represents a more promising investment opportunity at this time.

I bought bit of $Neko
Impressed with some of their work.
I dont know if this can keep its momentum but bought abit due to some good thing they pulled off. Dyor. Afterall I only buy a small bag so dont fomo. pic.twitter.com/EdjThf3TKy

— Kakashi (@kkashi_yt) April 23, 2024

NEKO cat gained quick-fire traction in the crypto community amid rapid progress by its developer; however, after being hit with a Twitter account suspension – everything now lies in the balance.

Amid supportive price action, Neko Cat Token is currently trading at a market price of $0.000168 (representing a 24-hour change of +5,583%).

This comes after NEKO kicked off at 15:00 UTC on April 23, in an impressive listing that saw retail traders flock to the project.

An influx of $4.65m in trading volume saw NEKO hammer up +35,113% to hit an all-time high at $0.0017 at 20:00.

However, early backers with huge profits started selling off their positions, swiftly developing into a -91% sell-off move.

This has now left NEKO’s price in a strong consolidation pattern above bottom-level support at $0.00014.

Yet, with Neko Cat’s market cap sitting low at $181k, there is now an opportunity for upside to resume, with the mcap suggesting a potential 5-10x entry for fresh retail investors.

However, with NEKO’s X account now suspended, it seems questionable whether this will materialize and markets are taking note with bulls losing a grip over transactional pressure over the past 6