A cat-themed cryptocurrency called cat in a dogs world (MEW) became very popular and its value went up a lot in one day. This made it better than other popular cryptocurrencies like Dogecoin and Shiba Inu. The cat coin is based on a different platform than most cryptocurrencies, which is Solana. Some other cat-related coins also went up in value. This happened even though the overall value of cryptocurrencies went down recently. Some people are not sure if the cat coin's value will keep going up, but for now, it is doing well. Read from source...
1. The author's use of the term "best-performing" is misleading, as it implies a consistent and significant outperformance, which is not the case for MEW.
2. The author's focus on the memecoin's 24-hour gains is short-sighted, as it ignores the overall market trends and volatility, which can impact the coin's long-term prospects.
3. The author's comparison of MEW to other meme coins and established cryptocurrencies is not meaningful, as they operate on different blockchains and have different use cases and communities.
4. The author's mention of the Cryptocurrency Fear & Greed Index is irrelevant, as it does not provide any insight into the memecoin's fundamentals or potential.
5. The author's inclusion of other Solana-based meme tokens is confusing, as it does not explain their relevance to MEW's performance or the broader market.