For experienced traders, it's clear that dog-themed meme coins have long dominated the market.
However, a new meme coin, “Cat in a Dog's World,” also known as MEW by its token name, is poised to challenge this status quo.
This guide will explore MEW's concept and unique theme and explain how to buy and trade MEW coins.
Before we begin, here’s an overview of meme coins.
What are Meme Coins and Why are They Popular?
Meme coins are cryptocurrencies that are based on internet satire or memes. Unlike traditional cryptocurrencies like Bitcoin, which focus on security and utility, meme coins often start as fun projects without a serious goal.
For this reason, some view them as risky. However, they’re not all fun and games, especially after the success of popular meme coins like Dogecoin and Shiba Inu. These were popular memes before entering the crypto scene and gaining immense support from crypto traders.
But it’s only natural to ask what the driving force behind meme coins' popularity is. Meme coins are popular for a variety of reasons.
Their affordability is a key attraction. For example, with just $1, investors can currently buy 31,852 SHIB tokens. In stark contrast, investing the same amount in traditional crypto coins often gets you mere pennies, e.g., $1 = 0.000014 BTC at the current market.
This low entry barrier, combined with the typically enormous supply of tokens, such as the staggering 505.05 billion IQ50 meme coin, makes them appealing to the masses.
The hype is further amplified by factors like a strong community united by memes and the potential for huge gains based on social media buzz.
What is a Cat In a Dogs World (MEW) Meme Coin?
MEW, or Cat in a Dog's World, is a meme token that recently joined the meme coins market on March 26, 2024. It operates on the Solana blockchain and was created by anonymous developers passionate about meme coins.
The unique appeal of the MEW coin lies in its theme. The idea behind the meme coin centers around a cat navigating a predominantly dog-themed meme coin market. This concept is highlighted by its slogan, "Cat in a Dog's World."
As evident, the token's primary goal is to challenge the prevalence of dog-themed meme coins by introducing a cat-centric narrative.
MEW coin does not currently have a detailed roadmap or a clear outline of future developments, which aligns with its nature as purely a meme project at this stage.
Nevertheless, the MEW coin experienced significant trading activity shortly after its launch. Its trading volume exceeded $176 million in the initial hours.
Additionally, there were reports of some MEW coin traders turning minimal investments into millions in just a few hours.
MEW Tokenomics
The MEW coin, from the meme project "Cat in a Dog's World," has 88.88 billion coins in total, all of which are already in circulation.
The distribution strategy for MEW includes allocating 90% of the coins to a liquidity pool to support stable trading conditions. The remaining 10% was given away to members of the Solana community through an airdrop.
Recent Trends in MEW Meme Coin
Since its debut in March 2023, the MEW coin has experienced a significant increase of 127.88% in its price.
The MEW coin price lingered at a low of $0.0009121 (ATL) on May 27. However, the coin experienced a sharp rise, reaching an all-time high (ATH) of $0.009716 by the end of March.
The MEW coin is trading at $0.003906 at press time. Although it has dropped from its highest point, the daily price variations remain within a few tenths of a cent.
How to Buy and Trade MEW Tokens?
CoinEx is a global cryptocurrency exchange trusted by over 5 million consumers globally, with 100% reserve. With over 1,000 tokens available, including MEW, users may trade effortlessly. MEW was listed on CoinEx on March 26, 2024, at an initial price of $0.002751 USD, marking an impressive overall change of +30.48%. You can buy and trade MEW tokens on CoinEx by following the steps below:
- Sign Up for CoinEx: Start by creating an account with CoinEx.
- Add Funds to Your Account: Once your account is set up, log in and deposit funds supported by CoinEx.
- Go to the MEW Token Page: With your account funded, head over to the MEW token's page on CoinEx. Use the search feature to simply enter 'MEW' to locate its trading pairs.
- Select Your Trading Pair: For trading MEW, choose the MEW/USDT pair to trade MEW for USDT (Tether).
- Enter Your Trade Amount: Decide on the number of MEW tokens you wish to buy and enter this amount. The trading interface will show the cost at the current market rate.
- Confirm and Execute Your Trade: After setting up everything, review your trade details. Once the details are verified, confirm and place your order to buy MEW tokens.
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