Will Solana's MEW memecoin defeat Shiba Inu and Dogecoin?
In the vibrant cryptocurrency landscape, memecoins are breaking out with force, captivating investors and capturing the public's attention. Among this pack of canine suitors, MEW, Solana's feline memecoin, emerges as an unlikely contender, but with enormous traction among investors.
A recent analysis by Altcoin Daily highlights MEW's potential to “destroy” its Dogecoin and Shiba Inu rivals. Naturally, this creates quite a stir in the crypto community. It should not be lost sight of that these two currencies have almost indisputable potential. In fact, the combined market capitalization of SHIB and DOGE occupies 60% of the entire meme sector capitalization.
The latter suggests that thinking that a recent currency can dethrone them is exaggerated. However, the aforementioned analysts are convinced that MEW's potential is strong enough to aspire to the throne.
One of the elements that works in favor of this token is that it has the great advantages provided by the Solana network. This allows greater fluidity in terms of trade between investors. But these would be only part of the great advantages that defenders of the token highlight.
