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Then this tweet is for you.
Every bull run, there's a crypto sector that performs the best.
In 2017, it was ICOs, which pumped 200x
In 2021, it was Gaming&NFTs that helped people make 100x gains.
In this bull run, people are expecting that RWAs or AI will be the leading narrative, but they all could be wrong.
Although AI and RWAs will give amazing returns, there's one sector that could outperform the rest.
I'm talking about memecoins, which have been part of this crypto space since 2014, but they have gained the most popularity in the past year.
Right now, memecoins have a market cap of $55B which seems high, but it could rise way more in the current cycle.
Now, let's start with the primary reasons why memecoins will be the top preference for retailers.
➊ New crypto projects are doomed
➜ In the past few months, almost every crypto project has launched at a very high FDV.
➜ On the other hand, most memecoins have a completely fair launch, and they launch with a MCap of < $100K
➜ For example, KOKO had a completely fair launch, and its initial market cap was < $50K.
➋ Low fees and fast transactions
➜ In the last bull run, when memecoin mania began, it became almost impossible for retail to buy those memecoins because of the very high gas fees on ETH.
➜ But this time, Solana has completely eliminated that problem.
➜ Retailers can spend < $0.1 for their transactions, and that too will happen within seconds.
➌ Backing from mainstream celebrities
➜ Even though most memecoins don't have VC backing, they do have some mainstream celebrities backing them.
➜ People like Elon Musk, Mr. Beast, and Mark Cuban have all shown their support for memecoins, which has helped memecoins become mainstream.
➜ This cycle, I think there'll be even more mainstream celebrities talking about memecoins, which will make this sector go parabolic.
➍ Immense potential
➜ There's no limit to the upside potential of a memecoin project.
➜ In 2021, SHIB launched at almost $10K MarketCap and peaked at $40B market cap in a year.
➜ The same is true for PEPE, WIF, BONK, KOKO, and many other memecoins that have given 1000x-100000x returns.
????? ?????
Nothing comes without a risk, and the same is true for memecoins.
By looking at these 3 things, one could reduce their risks by over 90%.
➜ Information about deployer
➜ Top wallets holding
➜ Community behind the projec
Then this tweet is for you.
Every bull run, there's a crypto sector that performs the best.
In 2017, it was ICOs, which pumped 200x
In 2021, it was Gaming&NFTs that helped people make 100x gains.
In this bull run, people are expecting that RWAs or AI will be the leading narrative, but they all could be wrong.
Although AI and RWAs will give amazing returns, there's one sector that could outperform the rest.
I'm talking about memecoins, which have been part of this crypto space since 2014, but they have gained the most popularity in the past year.
Right now, memecoins have a market cap of $55B which seems high, but it could rise way more in the current cycle.
Now, let's start with the primary reasons why memecoins will be the top preference for retailers.
➊ New crypto projects are doomed
➜ In the past few months, almost every crypto project has launched at a very high FDV.
➜ On the other hand, most memecoins have a completely fair launch, and they launch with a MCap of < $100K
➜ For example, KOKO had a completely fair launch, and its initial market cap was < $50K.
➋ Low fees and fast transactions
➜ In the last bull run, when memecoin mania began, it became almost impossible for retail to buy those memecoins because of the very high gas fees on ETH.
➜ But this time, Solana has completely eliminated that problem.
➜ Retailers can spend < $0.1 for their transactions, and that too will happen within seconds.
➌ Backing from mainstream celebrities
➜ Even though most memecoins don't have VC backing, they do have some mainstream celebrities backing them.
➜ People like Elon Musk, Mr. Beast, and Mark Cuban have all shown their support for memecoins, which has helped memecoins become mainstream.
➜ This cycle, I think there'll be even more mainstream celebrities talking about memecoins, which will make this sector go parabolic.
➍ Immense potential
➜ There's no limit to the upside potential of a memecoin project.
➜ In 2021, SHIB launched at almost $10K MarketCap and peaked at $40B market cap in a year.
➜ The same is true for PEPE, WIF, BONK, KOKO, and many other memecoins that have given 1000x-100000x returns.
????? ?????
Nothing comes without a risk, and the same is true for memecoins.
By looking at these 3 things, one could reduce their risks by over 90%.
➜ Information about deployer
➜ Top wallets holding
➜ Community behind the projec
6 months ago
