The host of the well-known crypto channel Altcoin Daily has boldly claimed that the Solana meme coin MEW is poised to “destroy” all dog-themed meme tokens like Shiba Inu and Dogecoin (DOGE).
Altcoin Daily put forth this perspective in a detailed examination exploring how the cat-themed meme coin could disrupt established memes and potentially take over their dominance. A crucial element in this argument is MEW’s advantage of being integrated into the rapidly growing Solana ecosystem and its unique position as a cat-themed token in a market saturated with dog-related meme cryptocurrencies.
Additionally, the commentator highlighted MEW’s recent collaboration with the IP giant LOCUS Animation Studios. Altcoin Daily articulated that MEW, dubbed as the “cat in a dog’s world,” captures attention through its character, supporting characters, and storyline.
He contended that dogs have reigned supreme in the meme coin realm for too long. However, with the backing of the Solana blockchain, MEW is emerging as a significant player. He believes that the narrative surrounding MEW will transcend the realm of cryptocurrency itself.
Altcoin Daily pointed out that MEW has a total supply of 88,888,888,888 tokens, with 90% of them burned and 10% airdropped to the Solana community. This stands in contrast to Shiba Inu and Dogecoin, with DOGE having a circulating supply of 144,636,806,384 tokens and no maximum cap, while SHIB has a maximum supply of 1 quadrillion tokens, with over 410 trillion tokens staked and 589 trillion in circulation.
Furthermore, Altcoin Daily emphasized crucial metrics for MEW, such as its 184K holders and 100% circulating supply. MEW also boasts a DEX reliability score of 99/99 and a verified contract not flagged as a honeypot.
In terms of the collaboration with LOCUS Animation Studios, the aim is to animate the MEW ecosystem, narrating the relatable story of a lone cat navigating a world dominated by dogs. This partnership aims to broaden MEW’s reach and appeal beyond the cryptocurrency sphere by leveraging storytelling and visual artistry.
Altcoin Daily also commended the number of exchanges listing the MEW token for trading, including OKX, Bybit, Gate.io, HTX, KuCoin, MEXC, Bitget, and BingX on the centralized side, and Raydium, Orca, and Solana exchange Jupiter on the DEX side.
Considering these factors, along with the success of meme coins launched on Solana, the pundit suggested that MEW could challenge all dog-themed meme coins. Currently ranking as the tenth most prominent meme coin, MEW has a market cap of nearly half a billion dollars. However, surpassing DOGE and SHIB would require a substantial increase, making its ascent to the top more challenging.
In conclusion, the prospect of MEW surpassing Dogecoin and Shiba Inu remains speculative and highly unlikely. This content serves as information and should not be construed as financial advice. Readers are advised to conduct thorough research before making any investment decisions.