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Solana Cat Memecoin MEW Set to Outshine Shiba Inu and Dogecoin, Says Analyst

Altcoin Daily recently stirred the crypto waters with an analysis suggesting that the cat-themed meme coin, MEW, could challenge the dominance of established meme coins like Shiba Inu and Dogecoin.

Why MEW Stands Out

The analysis points to MEW’s integration within the rapidly growing Solana ecosystem and its unique appeal as a cat-themed token in a market saturated with dog-themed meme coins. This distinct identity, coupled with strategic developments, sets MEW apart from its canine counterparts.

Key Advantages of MEW

A standout feature highlighted is MEW’s recent partnership with LOCUS Animation Studios, a move that could significantly boost its visibility and appeal.

The Case for MEW

Altcoin Daily describes MEW as “a cat in a dog’s world,” emphasizing its unique narrative and character-driven appeal. With the support of the Solana blockchain, MEW is positioned as a formidable player in the meme coin arena. Here’s a breakdown of why MEW might just have what it takes:

  • Total Supply: MEW has a total supply of 88,888,888,888 tokens, with 90% burned and 10% airdropped to the Solana community. This contrasts sharply with Shiba Inu’s 1 quadrillion tokens and Dogecoin’s 144 billion tokens with no max cap.
  • Holder Base: MEW boasts 184K holders with a 100% circulating supply, backed by a DEX reliability score of 99/99 and a verified contract.

Strategic Partnership with LOCUS Animation Studios

The partnership with LOCUS Animation Studios aims to animate the MEW ecosystem, telling the story of a lone cat navigating a dog-dominated world. LOCUS, known for producing globally acclaimed intellectual properties like ‘Red Shoes’ and ‘Yumi’s Cells,’ will help MEW reach new heights through compelling storytelling and visual artistry.

MEW on Major Exchanges

MEW’s presence on major exchanges like OKX, Bybit, Gate.io, HTX, KuCoin, MEXC, Bitget, and BingX underscores its growing influence. Its recent listing on Bithumb and availability on decentralized exchanges like Raydium, Orca, and Solana’s Jupiter further solidify its market position.

The Road Ahead: Can MEW Surpass SHIB and DOGE?

Altcoin Daily contends that, given its advantages and the success of Solana-based meme coins, MEW has the potential to rival dog-themed meme coins. Currently, MEW ranks as the tenth most prominent meme coin with a market cap nearing half a billion dollars. However, with Dogecoin and Shiba Inu boasting market caps of $21.3 billion and $13.77 billion respectively, MEW would need to achieve a 30x increase to surpass them—a feat that seems daunting.

While the journey for MEW to the top is challenging and speculative, its unique positioning, strategic partnerships, and growing market presence suggest that it could be a serious contender in the meme coin space. Only time will tell if MEW can truly dethrone the reigning champions of the meme coin world.

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