Year of Meme Coins and Phantom Mint

In this post, I’ll be sharing my insights on incorporating memecoins into a crypto portfolio. I'll also discuss which memecoins across different chains are catching my attention this year. Plus, there’s an exciting new product in the crypto world called Phantom Mint by James Renouf that might revolutionize the game—but more on that later!

My Evolving Perspective on Memecoins

When I first heard about Dogecoin, it was practically worthless, dismissed by many as a “joke coin.” Influencers hyped it, but I couldn’t imagine including such a coin in a serious portfolio alongside Bitcoin and Ethereum.

Then, I watched in disbelief as Dogecoin’s value surged. Influencers kept tweeting, and a notorious Elon Musk endorsement sent it skyrocketing. This trend frustrated me. Why were people pouring money into a memecoin when groundbreaking blockchain projects were aiming to reshape global finance?

But no matter how much I disapproved, Dogecoin kept rising. This marked a turning point for me—I realized that crypto isn’t just about technology; it’s also about market sentiment. Many participants are in it for quick gains, and memecoins cater perfectly to that crowd.

The Unexpected Potential of Memecoins

Technically, memecoins with secure blockchains aren’t entirely bad. They provide a decentralized currency, and their price ultimately hinges on demand. If public sentiment favors Dogecoin over Bitcoin, who’s to say it can’t compete in terms of market cap someday?

Take Doge, for instance. Once dismissed as a fad, it has proven its staying power. At the time of writing, it ranks 10th by market cap on Coingecko. Excluding stablecoins, it’s 7th—ahead of Avalanche, Chainlink, and Polkadot, all of which are technically superior.

It’s wild to think a memecoin can rival established projects, but it shows that sentiment and virality can’t be underestimated in crypto.

Why Memecoins Thrive During Bull Runs

Memecoins often outshine other tokens during bull runs due to their ability to attract new investors. Their catchy names and simple, relatable concepts appeal to first-time crypto buyers, who often throw money at them without much thought.

Once the media starts covering these surges, analysts and traders pile in, fueling even bigger pumps. It’s a cycle that keeps repeating—and rewarding those who understand it.

My 2024 Memecoin Watchlist

Before diving in, remember: Do Your Own Research (DYOR). Memecoins carry risks similar to or even greater than other crypto projects.

Solana Chain Memecoins

WEN, Popcat, and Silly Dragon (SILLY):

With Solana gaining traction, these coins could follow.

WEN airdrop holders might find it worth holding.

SILLY has “Year of the Dragon” hype potential.

Popcat is my personal favorite.

SUI Chain Memecoins

FUD

This underdog chain is buzzing with potential.

FUD is the standout memecoin that might pump hard when fresh capital flows in.

Avalanche Chain Memecoins

COQ Inu

A rising star on crypto Twitter, COQ Inu seems poised for growth in the next bull run.

My Strategy

My approach is simple:

Accumulate memecoins in small batches during quiet periods.

Once a major pump happens, start selling in stages.

It’s a risky but potentially rewarding strategy, and I’m curious to see how 2024 plays out.

One More Thing: What’s Phantom Mint by James Renouf?

Before you wrap up your crypto journey for the day, keep an eye on Phantom Mint, James Renouf’s upcoming product. It promises to bring something entirely new to the table—potentially reshaping how we interact with the crypto space.

Curious? Stay tuned for more details—it might just be the next big thing.

Fingers crossed for a successful year in the crypto space. Cheers!