The post Ethereum Altcoin MEW to Destroy Shiba Inu and Dogecoin, According to Analyst appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ June 14, 2024 7:20 pm