In the world of memecoins, tokens inspired by dogs, such as DOGE and SHIB, dominate. The idea of the Cat in a Dogs World (MEW) token, which runs on the Solana network, is to present a cat living in this world of dogs — a translation of the coin's name.
At launch, MEW coin already attracted a lot of attention, with record valuations in just a few days. As a novelty among memes, the cat-themed coin attracted investors and the memecoin community.
Popularity of memecoins
It's impossible not to talk about memecoin, without remembering the most famous ones, such as DOGE and SHIB, inspired by dogs. The first has a strong supporter: tycoon Elon Musk, who always publishes favorable publications for the token.
Cat in a Dogs World (MEW) is accompanied by other currencies such as PEPE, FLOKI, BRETT and MYRO to name a few. There are still tokens that are inspired by other memecoins, such as PORK, BABYDOGE and ELON.
Solana and memecoins
Cat in a Dogs World (MEW) is another memecoin that found a suitable ground for launch on the Solana network. In this chain, there are, for example, WIF, BONK BOME, which also have communities engaged in pop culture and meme-inspired coins.
On the Solana network, the Pump.fun application works, in which you can create memecoins quite easily. The process costs 0.02 SOL. Once the currency is developed, it can be traded.
Investors analyze the possibility of this category increasing in value and start investing in it. Because of this, there are other tokens inspired by animals:
SOLAMA, inspired by a llama;
SLOTH, inspired by a sloth;
SEAL, inspired by a seal;
SMOG, inspired by a dragon.
Memecoin care
Currencies on the blockchain are virtual assets that suffer from changes in value, just like all variable income investments. Some are more stable, like BTC and ETHER, but others, like memecoins, experience a lot of volatility. This means that their prices go up and down easily.
Not all coin launches, called airdrops, tend to have a lot of impact and attract attention. Thus, new currency projects, memecoins or not, depend heavily on the engagement of the crypto community to be successful.
Other feline-inspired coins
Cat in a Dogs World isn't the only cat-inspired coin. Unlike MEW, CATS can be used for staking and voting on the platform. OMNI is available on several chains in addition to Solana, such as Ethereum, Polygon, Arbitrum and BNB Smart Chain.
MEW Tokenomics
The MEW meme cryptocurrency brought something new to the category and its availability. The maximum supply is 88,888,888,888 tokens, 90% of which were burned as liquidity tokens (LP), liquidity providers. The other 10% was airdropped on Solana.
The so-called Fear Of Missing Out (FOMO), fear of missing out, caused demand for memecoin to skyrocket. Furthermore, because it was inspired by a cat, it attracted feline admirers.
On the other hand, MEW is just a meme coin, without serving as a utility or governance token. It gains relevance on Web3 due to community engagement, as with other coins inspired by animals or pop culture icons.
Learn more about cryptocurrencies
Cat in a Dogs World (MEW) enters the memecoin category and stands out for its innovative tokenomics. To invest in this and other currencies, open your account on the NovaDAX website. Visit and check it out!
