All "utility" altcoins are just memecoins in suits - so true. Look at this table - so true. All the noise around "highly tech Web3 projects" is just a buzz, and the community doesn't want to be an exit liquidity for VCs anymore. And here is a very important paradigm shift.
While the market has already seen the memes craze and dominance, there is still room to play out for several reasons:
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The market cap of the top memecoin, DOGE, was around $80 billion back in 2021 during the main bull run. Now it's below $80 billion for all memecoins combined. Imagine what will happen with all the new and strong memes when DOGE reaches its previous ATH. DOGE is for normies now, while degens work in the trenches (no shilling, I’ll only provide several high-conviction tickets at the end of the post since I’m skin in the game).
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Memetic policy narrative after Trump’s win. There’s no need to explain here; Elon Musk is the main ambassador of memetic crypto (just check the Peanut case recently—over $100 million market cap in 3 days).
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Adoption. Apps like Moonshot are the "Coinbase of 2021" these days. Non-crypto folks will continue to ape into different memes with two clicks and easy UX instead of buying complex DeFi strategies or useless, down-only VC "new shiny projects."
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Solana. No comments here since you all know what’s going on with Solana. Absolute GOAT.
To sum it up, there are many more reasons why this cycle is the cycle of memetic crypto, but the above is what drives this sector to new heights. It’s pretty easy and difficult simultaneously: you should be good at on-chain analysis, social mindshare evaluation, and assessing trends. But since you’re here for the money, obviously, there is no second best to dig into. Trends shift, and here are some memes which still have some power to run above $500M–1B:
Disclaimer: NFA/DYOR/Degen and High Risk
$FWOG - Solana’s main frog and has the potential to run as a PEPE competitor $michi - great midcap "cat theme" beta, already seen some Xs but it can go higher $SIGMA - Top GenZ meme, high beta for GIGA. Good current levels
Higher betas: $e/acc - personal high-conviction play; it’s already a cult in the AI/tech community and has every chance of becoming a top new cult in crypto $mini - 2nd great "cat theme" beta. Since its market cap is still pretty low, it has good upside potential
Actually, there are a lot of much safer memes that will go higher. Such popular names as NEIRO, MOG (recent Binance listing), POPCAT, and others. But since their upside is not as big (still big compared to dozens of tech altcoins), I prefer to pick higher betas.
Let me know if you want to dig into current narratives where liquidity is, and feel free to chat in the comments if you think differently about memes. Show Less
