Since LTC was positioned as a Meme coin, it has soared. What can ordinary people do in the Meme super cycle?

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ODAILY
11-14
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Original | Odaily Planet Daily(@OdailyChina

Author | Asher(@Asher_ 0210

With the recent listing of ACT and PNUT spot on Binance and their prices continuing to soar, the MEME craze has swept across every crypto community.

According to on-chain analyst @ai_ 9684 xtpa's monitoring, a mysterious whale who has invested 15,140 SOL in Pnut/FRED/OPK has seen their unrealized profit reach $64.13 million, a 26-fold increase in their principal, and they have not sold out yet.

The mysterious whale's unrealized profit reached $64.13 million

Even the old-fashioned Altcoins are trying to ride the MEME wave. This morning, the official Litecoin (@litecoin) posted on X saying, "Based on the current market conditions, I hereby define myself as a Memecoin." The market shows that LTC has broken through 83 USDT in the short term, with a 24H increase of over 10%.

Litecoin official posted that it defines itself as a Memecoin

"If you don't have a position in MEME, especially on-chain MEME, you don't even feel like it's a bull market" has become the best summary of the current bull market for many "non-pie retail investors".

A bull market feast for MEME players

Recently, the release of a series of crypto-friendly news, such as Trump's election as US President, the Fed's interest rate cut, and Musk's participation in the Republican House meeting, has led to BTC's price continuously breaking new historical highs, but it has not led to a "full bloom" of Altcoins, and the community's sentiment has shown a clear polarization, which can be described as "holding popular MEME coins laughing, holding VC coins crying".

As the new MEME king Murad said, "Whether you love it or hate it. In this cycle, the performance of MEME tokens will surpass everything. This is just the beginning." Phenomena such as DOGE's weekly increase of nearly 100% and trading volume exceeding BTC, Upbit adding a PEPE KRW trading pair, and PNUT breaking through $2.2 USDT and setting a new high with a market cap exceeding $2 billion also reflect the market's frenzy for MEME coins. The chat content in major communities is also dominated by MEME coins:

  • "Will ai16z or Ban be the next MEME coin to be listed on Binance?";

  • "All In contracts are better than All In MEME";

  • "It's not just about focusing on new coins at launch, finding secondary opportunities for MEME coins that have broken out is even better in terms of risk-reward ratio";

  • "According to on-chain smart money, first screen MEME coins, then analyze the concept, market, and holdings, how can you lose";

  • ......

The key to investing in MEME is community strength and being a "diamond hand"

CoinGecko data shows that DOGE's market cap exceeds $57 billion, ranking sixth, just behind BTC, ETH, USDT, SOL, and BNB. In addition to DOGE, there are 12 MEME tokens among the top 100 by market cap, including SHIB (market cap around $15 billion, ranked 12th), PEPE (market cap around $10 billion, ranked 17th), WIF (market cap around $4.2 billion, ranked 31st), BONK (market cap around $2.7 billion, ranked 44th), FLOKI (market cap around $2.3 billion, ranked 52nd), PUNT (market cap around $2.3 billion, ranked 55th), POPCAT (market cap around $1.8 billion, ranked 65th), BRETT (market cap around $1.4 billion, ranked 77th), NEIRO (market cap around $1.1 billion, ranked 93rd), MEW (market cap around $1 billion, ranked 97th), and MOG (market cap around $1 billion, ranked 99th).

Top 100 MEME tokens by market cap

Unlike short-term speculation, when preparing to invest and hold MEME coins in the long run, you are not just investing in the MEME itself, but in the group of people behind it. Therefore, the daily price fluctuations of your MEME holdings are not the core, researching and analyzing the community is the most important. Pay more attention to the average investor in the MEME community, the largest holders, the leadership team, their activity on social media, and the concepts they promote.

As the new MEME king Murad said, "Some select Memecoins will have a diamond hand culture, that is, they will have steadfast long-term holders". Track these behaviors through on-chain data and analysis tools, rather than just relying on subjective impressions. Find communities with a strong "hodling" culture and diamond hands, these are the ones worth investing in.

To earn returns of dozens of times, you must first be able to withstand principal losses or even zero

To earn returns of dozens or even hundreds of times, you must first be able to withstand the loss of half or even all of your principal investment in MEME coins. Indeed, this week, with the spot listing of ACT and PNUT on Binance, their prices have "taken off like a rocket" unstoppably, but they have experienced multiple rounds of surges and plunges in the initial listing period, with ACT once being criticized as "fake AI", "conspiracy group coin", etc.

In a sense, buying and selling on-chain popular MEME coins is like trading contracts on exchanges, the invested funds can surge or plummet at any time. Therefore, "controlling position size" and "doubling out the principal" are good practical strategies.

Furthermore, to consistently make money while holding MEME, you must first accept the concept of "selling high and making a profit forever", and not be affected by the get-rich-quick myths on social media, or even become anxious. For example, ACT developer AMP previously stated on the X platform that he had distributed, burned or sold all of the ACT tokens, but did not want ACT to be listed on the CEX. But in the following days, ACT was listed on Binance and surged over 20-fold in a single day. Therefore, "selling high" is a phenomenon that will definitely happen, don't over-doubt yourself, adjust your strategy, and look for the next target.

ACT developer AMP had sold all tokens before the CEX listing

In addition to MEME, other popular on-chain concepts are also worth watching

The biggest feature of this bull market is that most of the "get-rich" opportunities are on-chain. In addition to the classic MEME coins, early projects of other popular concepts are still worth watching. Among them, AI-related concepts have a lot of hype space in this bull market. According to the community discussion heat, a few AI-related concept tokens worth watching with steady price increases are:

  • Deep Worm (WORM): An AI project that provides human interaction with the brain of biological organisms on-chain. DeepWorm is not an LLM or AI model, but a real "worm brain", whose neural map is measured through biological research and supported by the trusted execution environment infrastructure Oyster TEE of the Marlin Protocol (current market cap $12 million, contract address: DwDtUqBZJtbRpdjsFw3N7YKB5epocSru25BGcVhfcYtg);

Cryptify AI (CRAI): This is a project secretly launched by a Web2 AI company, with the long-term vision of enabling users to easily and simply evaluate the quality and effectiveness of influencers on any social media platform, and find the relationship with on-chain token price fluctuations, to assist users in making investment decisions (current market capitalization of $6.5 million, contract address: 0x3F66aE0c8E9Fb57f661aF4Ba8C8445D36ec5d7F7); Although the prices of many VC coins have been lackluster, BTC has continued to hit new all-time highs over the past two weeks, breaking through $93,000 this morning, and the bull market is still ongoing. Perhaps now is still a good time to embrace Altcoins and the currently popular concept Altcoins.

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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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