Cat-Themed MEW (Cat in a Dogs World) Carves Out Unique Niche Amidst Dog-Dominated Memecoins

MEW (Cat in a Dogs World), a memecoin based on Solana, has been the top 24-hour gainer among the top 100 tokens by market cap.

Solana’s MEW (Cat in a Dogs World) is the Top 24-Hour Gainer Among Top 100 Tokens by Mkt Cap

Investors are showing renewed enthusiasm for memecoins, as evidenced by the top 24-hour gainer among the top 100 tokens by market cap. MEW, a Solana-based memecoin, has seen a surge in interest, reflecting this broader trend.

At the time of writing, the price of MEW is around $0.008095, up 45.54% in the last 24 hours and 133.80% in the last seven days. This strong performance highlights MEW’s bullish market sentiment.

Cat-Themed MEW Carves Out Unique Niche Amidst Dog-Dominated Memecoins

MEW also stands out as a unique product in a market where dog-themed tokens are dominant, carving out a niche for cat enthusiasts to participate in the memecoin industry. This divergence is seen as a breath of fresh air in the saturated memecoin market, where dog-themed tokens have typically prevailed.

Whale Insider has reported on the increasing popularity of this cat-themed memecoin. MEW is now ranked sixth in worldwide trade volume, with a massive $2.07 billion. This high trade volume indicates strong interest and activity in the coin, solidifying its market presence.

JUST IN: Solana memecoin $MEW (@MewsWorld) ranked #6 in Global Trading Volume ($2.07B).

— Whale Insider (@WhaleInsider) July 22, 2024

Additionally, prominent cryptocurrency influencer Altcoin Daily has stated that Solana’s cat-themed memecoin, MEW, is positioned to out-perform popular tokens like Shiba Inu and Dogecoin.

This prediction is partly due to MEW’s unique positioning within the Solana ecosystem and its appeal as a distinct cat-themed token. The endorsement from a key player in the crypto industry has certainly contributed to MEW’s recent success.

In other news, as previously reported by CNF, the popular memecoin Floki Inu has now emerged as the world’s no. 1 ‘Play to Earn’ cryptocurrency, surpassing major contenders like NOT, AXS, SAND, GALA, and MANA.

Floki Inu’s continuous innovation is seen in its plans to launch Valhalla, an NFT metaverse game, on the mainnet by the end of 2024. This upcoming development is bound to attract interest and investment in the token, highlighting the continuous growth and competition within the memecoin market.

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