Ethereum Altcoin MEW to Destroy Shiba Inu and Dogecoin, According to Analyst

• Altcoin Daily claims Solana’s cat-themed meme coin MEW could surpass Shiba Inu and Dogecoin.

• MEW’s partnerships, unique appeal, and supply structure are seen as key advantages.

Altcoin Daily has sparked significant interest in the crypto community with its bold assertion that Solana’s meme coin MEW is set to “destroy” leading dog-themed tokens such as Shiba Inu and Dogecoin. This prediction hinges on MEW’s unique position within the Solana ecosystem and its distinctive cat-themed branding.

MEW’s Unique Appeal in a Dog-Dominated Market

Altcoin Daily’s analysis suggests that MEW, with its “cat in a dog’s world” narrative, offers a unique perspective on the meme coin market. The token’s character-driven appeal and associated storyline resonate strongly with investors looking for novelty beyond the dog-themed meme coins currently dominating the space.

MEW’s connection to the Solana blockchain is a significant advantage. Solana’s rapid growth and technological capabilities provide a robust foundation for MEW, enhancing its potential for widespread adoption. The coin’s total supply is 88,888,888,888 tokens, with 90% already burned and 10% airdropped to the Solana community, establishing a strong and loyal user base.

In contrast, Dogecoin and Shiba Inu have much larger circulating supplies. DOGE has over 144 billion tokens with no cap, and SHIB has a maximum supply of 1 quadrillion tokens. This difference in supply dynamics positions MEW as a potentially more attractive investment due to its perceived scarcity.

Strategic Partnership with LOCUS Animation Studios

A critical factor bolstering MEW’s potential is its partnership with LOCUS Animation Studios. This collaboration aims to bring MEW’s ecosystem to life through animation, leveraging the storytelling and visual artistry that LOCUS is renowned for. Known for producing globally successful properties like ‘Red Shoes’ and ‘Yumi’s Cells,’ LOCUS’s involvement is expected to enhance MEW’s appeal and reach beyond the crypto community.

This partnership intends to animate MEW’s storyline, presenting the relatable journey of a lone cat in a world dominated by dogs. Expanding MEW’s narrative through high-quality animation, the collaboration seeks to attract a broader audience and foster a deeper connection with existing holders.

Exchange Listings and Market Position

MEW’s growing market presence is evidenced by its listings on several prominent centralized and decentralized exchanges. Notable exchanges such as OKX, Bybit, Gate.io, HTX, KuCoin, MEXC, Bitget, and BingX have listed MEW, enhancing its accessibility and trading volume. Additionally, Bithumb has listed MEW in the KRW market, and the token is also available on decentralized exchanges like Raydium, Orca, and Solana exchange Jupiter.

Currently, MEW ranks as the tenth most prominent meme coin, with a market cap of $394,348,674. In comparison, Dogecoin and Shiba Inu have market caps of $20.15 billion and $12.9 billion, respectively. For MEW to surpass these leading tokens, it would need to achieve a 30x increase in value. As of this writing, MEW is trading at $0.004436 with a 24-hour decline of 8%.

Despite the optimism surrounding MEW, surpassing Dogecoin and Shiba Inu remains a formidable challenge. Historical trends indicate that even successful meme coins on Solana, like Dogwifhat, have not outpaced Shiba Inu. For instance, Dogwifhat experienced a more than 20x surge but still fell short of Shiba Inu’s market cap by a significant margin.