In the future trend, MEME coin will definitely have a place.
As the crypto market cycles continue to change, meme coins are gradually being liked and crazy by the market, and their wealth-creating effect is terrible. Therefore, they are reducing the influence of "VC, CEX and high FDV" and may eventually play a relative replacement role.
Why is MEME so popular and sought after by traders? They would rather go to zero many times than try their luck. There are two reasons:
❶ In this "bull market", the liquidity of funds in the market is poor, and high-background investment projects seem particularly difficult. The quick-hit and quick-out approach of MEME coins is deeply loved by investors. Therefore, powerful capital systems have begun to deploy MEME coins, creating grassroots cases of getting rich quickly, and capital has created the most profitable and low-cost crypto tokens, creating consensus value through community-driven, and then harvesting the market.
❷ The birth of the BRC20 inscription has mythologized the principles of justice and fairness, making it no longer a dream for grassroots people to get rich quickly. Investors have grasped the mentality of retail investors to make a small investment for a big gain, and continuously strengthened the consensus on tokens through the principle of fair release.
In this way, investors and retail investors form a closed-loop operation, the capital makes a lot of money, and the leeks seem to be happy to lose a little money (the dream of getting rich has always influenced them), so memecoin will become more and more popular. Memecoin has gradually become a mainstream asset class, DOGE and SHIB have entered the top 11 in market value, and PEPE has also successfully caught up with the top 30. Among them, WIF and BOME are catching up.
MEME coin follows the principle of pursuing new things rather than old ones, and tries to explore them through the primary market based on a strong public chain (or necessary conditions such as a funding team, celebrities, etc.), and do a good job of research and follow from the primary to the secondary trading market for secondary profit cashing.
Will MEME be the king in this bull market?
Strong altcoins fluctuated upward, and the market rebounded in despair, and is still fluctuating. But meme is different. Yesterday, pepe hit a new high, driving other memes to soar (meme coin PEPE hit a record high on May 13, 2024, reaching $0.00001139, and the cryptocurrency market saw a significant surge)
I have seen this setup several times and it is likely to consolidate here before breaking out next week and moving up to 1.618 ($0.00001555) PEPE could experience a brief period of consolidation before starting another uptrend that could push its value higher.
GameStop skyrocketed, and when the market was desperate, it was unexpected that this kind of person who represented the confidence of retail investors would come out to cause trouble, which led to the crazy pull of meme tokens on the chain, the meme on Sol, the meme on ETH, and finally there was movement on the chain. Maybe this is the power of retail investors, the power of memes.
So what should MEME focus on now?
Personal recommendation:
WIF
Dogwifhat (WIF) has emerged as a memecoin with an incredible price increase since the beginning of 2024. The coin entered the memecoin space in December last year and quickly rose to prominence, setting new price highs.
Currently, Dogwifhat’s market value has soared to over $2 billion and is expected to reach $3 billion in the future.
The price of Dogwifhat (WIF) has been slightly more stable over the past 7 days, at $3.07.
Pepe
PEPE's popularity has not diminished recently, and many people are optimistic about it, because it has increased 17 times from the lowest price to the highest price. This multiple is very tempting to many people, especially those who have bought it but did not hold on to it, and always want to find a chance to get back what they lost.
Another reason is that it is cheap. You can buy a lot of them for $100. Many people think: it is so cheap, and others are talking about its future potential and unlimited value. If you buy a few and keep them, the loss will not be much, and if you make a profit, you will make a fortune.
The price of pepe has been growing steadily in the past two days, and is around 0.0000101, an increase of %21.
Bome
BOME coin’s future expansion plans include the inclusion of Bitcoin inscriptions for immutable permanent storage, an initiative that aims to usher in a new era of decentralized social media, making memes unstoppable.
Additionally, it will be combined with a digital book intricately linked to the token metadata and enriched with images stored on IPFS, arweave, and ONCHAIN.
In addition, it also provides a decentralized social networking application, a meme creation tool, and a CC0 meme clipart collection, providing a unique and comprehensive memecoin experience.
The launch of OME on the Solana network is significant, especially in the context of the recent influx of users into the ecosystem. Solana’s surge in adoption and user activity has further bolstered the appeal and visibility of projects like BOME within the ecosystem.
These factors together have increased investor interest and optimism about BOME’s future prospects in the cryptocurrency market.
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