The host of the favored crypto channel Altcoin Each day has asserted that Solana meme coin MEW will “destroy” all dog-themed meme tokens like Shiba Inu and Dogecoin (DOGE).
Altcoin Each day expressed this view in an analysis exploring how the cat-themed meme coin might problem established memes and doubtlessly usurp their dominance.
A key issue on this argument is MEW’s benefit of being a part of the burgeoning Solana ecosystem and its distinctive enchantment as a cat-themed token in a market crowded with dog-related meme cryptocurrencies.
Furthermore, the commentator drew on MEW’s current partnership with IP big LOCUS Animation Studios.
The Case for MEW Difficult Shiba Inu, Dogecoin
Altcoin Each day defined that MEW, dubbed “cat in a canine’s world,” captivates by way of its character, supporting characters, and storyline.
He argued that canine have dominated the meme coin area for too lengthy. However now, with the help of the Solana blockchain, MEW is rising as a big participant. He believes the narrative behind MEW will transcend the crypto area itself.
He identified that MEW has a complete provide of 88,888,888,888 tokens. Of this determine, 90% has been burned, and 10% airdropped to the Solana group.
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Notably, this determine contrasts with what’s obtainable with Shiba Inu and Dogecoin. Particularly, DOGE has a circulating provide of 144,636,806,384 tokens with no most cap. In the meantime, SHIB has a maximum supply 1 quadrillion tokens, with over 410 trillion tokens staked and 589 trillion now in circulation.
Moreover, Altcoin Each day highlighted vital metrics for MEW, comparable to its 184K holders and 100% circulating provide. MEW additionally boasts a DEX reliability rating of 99/99 and a verified contract not flagged as a honeypot.
MEW Collab with LOCUS Animation Studios
Relating to the partnership with LOCUS Animation Studios, the aim is to animate the MEW ecosystem, telling the relatable story of a lone cat navigating a world dominated by canine.
The partnership seeks to increase MEW’s attain and enchantment past the crypto sphere by leveraging animation’s storytelling and visible artistry.
Considerably, LOCUS Animation Studios is acknowledged for producing globally acclaimed mental properties. These embrace ‘Pink Footwear’ and ‘Yumi’s Cells,’ which have been fashionable in Korea and distributed throughout 128 international locations worldwide.
Exchanges Itemizing MEW
Moreover, the host of Altcoin Each day additionally expressed admiration for the variety of exchanges itemizing the MEW token for buying and selling. Distinguished centralized exchanges itemizing MEW embrace OKX, Bybit, Gate.io, HTX, KuCoin, MEXC, Bitget, and BingX.
Final Thursday, Bithumb listed MEW within the KRW market. On the DEX aspect, MEW is on the market on Raydium, Orca, and Solana change Jupiter.
Can MEW Surpass SHIB and DOGE?
Contemplating these components, together with the success of meme coins launched on Solana, the pundit asserted that MEW would rival all dog-themed meme cash. Presently, MEW ranks because the tenth most distinguished meme coin, with a cap of practically half a billion {dollars}.
In the meantime, Dogecoin and Shiba Inu boast a lot bigger market caps of $21.3 billion and $13.77 billion, respectively. For MEW to surpass DOGE and SHIB, it could want to attain a 30x improve, an astronomical surge that’s unlikely with out comparable will increase for the established meme cash, making its journey to the highest more difficult.
For example, the Solana meme coin Dogwifhat (WIF) skilled greater than a 20x surge in Q1 however didn’t come near outranking Shiba Inu. Even at its all-time high on March 31, WIF’s market cap was nonetheless 5x beneath that of Shiba Inu.
In essence, the notion of MEW surpassing Dogecoin and Shiba Inu stays speculative and extremely inconceivable.
Disclaimer: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article might embrace the creator’s private opinions and don’t replicate The Crypto Fundamental’s opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Fundamental isn’t chargeable for any monetary losses.
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