Opinion: The current market strategy is to first use meme coins to make money, and then invest the profits in "utility tokens"

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Memes have dominated the crypto market’s trading volume recently . If you hold utility tokens, don't expect them to rise quickly - it does require patience. Perhaps a better strategy would be to monetize Memes first and then invest those earnings in utility tokens.

I also noticed that the market is full of hype and promotion. A few days ago I noticed that someone had started digging up old forgotten memes in an attempt to bring them back to life. In my opinion, this is a mass FOMO phenomenon. When the market starts to slow down over the next few days, only quality Memes will retain their value.

  • $PEPE
  • $WIF
  • $POPCAT
  • $NEIRO

I would like to remind everyone to be careful of low-quality projects that are artificially hyped to avoid getting into trouble. Although we have seen a clear rebound in AI tokens generally, most investors remain cautious.

I believe our market right now is dominated by Memes, but this is also a great opportunity to accumulate undervalued utility tokens that may gain traction in the future.

  • $RSS3: An open information protocol that I am very much looking forward to, especially the part related to @follow_app_, has become the most popular project on GitHub.
  • $BANANA: My favorite revenue generating token, it is severely undervalued compared to revenue over the past 30 days $AAVE. I think $BANANA has at least 100x growth potential. Additionally, I am also very bullish on $PENDLE, $EQB, and $LYNX. $CELO - Vitalik mentioned this project and its activity is increasing.
  • $ALEO : I am currently following the development of this project closely.
  • $FTM: Sonic upgrades and its strong financial reserves will be a major selling point.
  • $APT: The token is attracting institutional investment, and tokens like $AVAX, $CHEX, and $IXS are my favorites when discussing RWA and institutional investment.
  • $SOL: This is a chain that has stood the test of time, is capable of handling large volumes of transactions, and is expected to be a strong investment this year.
  • $AZUR: Gamblefi is set to return to its glory once again, @Polymarket funding could boost the market. Other tokens like $WINR, $RLB, and $CROWN are also worth keeping an eye on.
  • $W: The long-neglected token is gradually accumulating, while $STRK and $ENA have also experienced significant declines from all-time highs (ATH).
  • $NEAR: This chain is constantly innovating and has a strong focus on the AI ​​field. I also have my eye on a few other coins like $ATH and $DEAI, while also keeping an eye on $SPEC, $GURU, and $TARS.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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