Here’s How To Become A Meme Coin Millionaire During This Super Cycle: A Must Watch List
Release: 2024/07/30 20:53 Reading: 963
Here's How to Join the Meme Coin Millionaire Ranks During This Super Cycle: Essential Watch List
Analyst Miles Deutscher shares insights on the dominance of meme coins within the cryptocurrency market during an ongoing "super cycle." Data indicates that meme coins like Bonk, Pepe, and Floki have outshined other categories, including AI, Real World Assets (RWA), and Layer 2 solutions.
Notably, meme coins display resilience during market downturns, rebounding with greater strength than many other cryptocurrencies. This suggests their continued robust performance.
For instance, Pepe surged by 161%, while Popcat skyrocketed by 183%. Meanwhile, major altcoins like XRP and AVAX have exhibited minimal gains or declines. Amidst predictions of Bitcoin potentially reaching $80-$90k this year, meme coins are anticipated to sustain their outperformance due to their high mindshare.
Meme coins represent a shift away from inflated VC coins that often engage in dumping on retail investors. Instead, retail investors favor meme coins for their superior price action and profit potential.
This trend reflects a broader market shift towards cryptocurrencies being influenced by hype, attention, and speculation rather than solely on fundamentals.
Focus Areas for Meme Coin Investment
Analyst Deutscher highlights his interest in meme coins like Popcat and MOG, along with others under his watchlist:
- Nero, inspired by the new Doge dog, despite its controversial launch and cross-blockchain presence
- MIT on Solana
- NPC
- Pepe, holding above a key level
- Wif, at the bottom of its range, presenting a potential entry point
Maintaining a keen eye on these meme coins could provide valuable insights into maximizing investment opportunities during the ongoing super cycle.
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