Solana’s Cat-Themed Memecoin Leads Market Gains

• MEW becomes the biggest 24-hour gainer among the Top 100 tokens by market cap.
• Altcoin Daily predicts MEW could surpass Shiba Inu and Dogecoin.

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. This increase in interest in memecoins reflects investors newfound enthusiasm.

As of the time of writing, the price of MEW is about $0.008095, up 45.54% over the last 24 hours and 133.80% over the last seven days. This strong performance emphasizes MEW’s optimistic market stance.

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

Additionally, MEW stands out as a unique product in a market where dog-themed tokens predominate, creating a niche for cat enthusiasts to participate in the memecoin industry. This divergence is viewed as a breath of fresh air in the congested memecoin market, where dog-themed tokens have usually dominated.

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Whale Insider has reported the growing popularity of this cat-themed memecoin. MEW is now ranked sixth in worldwide trade volume, with a whopping $2.07 billion. This large trade volume demonstrates strong interest and activity in the coin, reinforcing its market position.

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

— Whale Insider (@WhaleInsider) July 22, 2024

Furthermore, the renowned cryptocurrency influencer Altcoin Daily has claimed that Solana’s cat-themed memecoin, MEW, has the potential to outperform well-known tokens such as Shiba Inu and Dogecoin.

This prediction is partly based on MEW’s unique positioning within the Solana ecosystem, as well as its attraction as a distinct cat-themed token. The endorsement from a significant player in the crypto industry has surely aided MEW’s recent success.

On another front, according to a prior CNF report, the well-known memecoin Floki Inu has previously emerged as the world’s largest ‘Play to Earn’ cryptocurrency, overtaking prominent competitors such as NOT, AXS, SAND, GALA, and MANA.

Floki Inu’s continuous innovation is seen in its ambitions to publish Valhalla, an NFT metaverse game, on the mainnet by the end of 2024. This forthcoming development is expected to increase interest and investment in the token, emphasizing the continued progress and competition in the memecoin market.

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