MemeCoins: Will they drive the Coming Bull Run?
Memecoins will fuel the next crypto bull run
I have been following Meme coins for a long time since the first one Dogecoin started out as a joke. Like the majority of people involved with crypto a that time I decided to completely ignore Doge as I strongly believed that a coin started as a parody without any use cases will never survive long term. Doge continued to rise over the years and this led to creation of hundreds of memecoins across different blockchains. I decided to be stubborn and continued to stay away from all memecoins.
I had to take a moment to question my logic when I saw that Doge had entered the top 10 coins by market cap and was worth more than $15 Billion. Yes, I also had to double check that it was not million but actually billion with a B.
It made me realize that crypto is unlike the traditional markets, here the trends do not follow rationality. While most of the coins I had accumulated after hours of what I considered serious research and analysis were struggling to keep up and many had just died out the memecoins were flourishing.
Why Do MemeCoins Keep Pumping?
It is true that blockchain as a technology is a complex thing and was designed by a bunch of brilliant nerds. Satoshi whoever he is was really intelligent with top 0.1% IQ but the ground reality was that for crypto to gain mass adoption it needed to be simplified for the lay people. The masses don’t care about the trilemma or the security protocols. They want something they can wrap their head around and figure out how to buy and sell. Doge offered just that- a basic doggy coin with no frills.
As more and more people join the crypto space new memecoins start to flourish and I expect this trend to continue.
Did I Finally Join the Memecoin Gang?
Yes, I realized there was no point being stubborn with logic and sometimes it was much better financially to blindly follow the trends.
At the start of this year I finally put super conservative $10 each into 2 coins which I selected without any serious thought or research.
• POPCAT- Doggys have already pumped so lets try the cat
• SILLY DRAGON- 2024 is year of the dragon, so why not
Glad I decided to diversify into atleast 2 as the Silly Dragon is down more than 50% of my purchase value.
Thankfully Popcat did 100X on my investment. Yes I booked 50% profit so I can buy more memecoins to be better positioned for the coming bull run.
Which MemeCoins will Pump Next?
The correct answer to this question is nobody knows for sure and your guess is as good as mine. What I can share though is what are the coins I am betting on and before going further let me clarify that this is in no way a fianancial advice and I am risking money which I can not worry about losing.
With that out of the way lets look at which memecoins I am accumulating right now in small batches of $10-$15 and do not intend to put more than $40-$50 in any one of them.
• $CAT- Simons Cat is my first Memecoin bet on BSC. It is based on the funny animation called Simons Cat centred around a fat cat that keeps looking for way to get to food. The artwork is arguably far superior to other memecoins and project is backed by the original animator.
• $MUMU- Mumu the Bull is a lone bull in the meme world full of Dogs and Cats and is gaining popularity amongst bullish crypto folks looking for a memecoin to symbolize their bullish sentiment.
• $MINI- This is the smallest meme coin that I have added in my collection and there is a large potential to grow as the community is growing rapidly.
If you know of any relatively unknown memecoins that have a good potential to grow then do let me know in the comments section.
Cheers,
Sam
About the Creator
Sam BTC
My Post will be focused around Spirituality, Mythology and Blockchain proejcts which are the topics that interest me the most.
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