The #meme_coin pump is a signal of potential what crypto markets could be , IF we had real corporate crypto coins with real profit distribution !!!

Its altcoin wave again.

Altcoins pump from the huge pump of the main crypto coins.

There are automatic bots that balance out BTC. When $eth or $BTC pumps then bots have to rebalance and therfore buy what people have on their bot purchase list. This is why the alt coin pumps start. Then the emotional FOMO starts. We are now in the FOMO markets.

Autumn 2024 altcoin started from the $DOGE meme, when Elon Musk was promised a government position in the USA. Elon is Doge memer !

The Doge meme is like a 30 billion gambling bet of people. Larger than many actual corporations with real money profits.

Its a market of who buys and sells first. #FOMO and despair of loosing it all. When the meme coins go low hard for week, the market will turn on emotional stress. Hope and fear cycle loop.

It is only possible , because crypto markets want something for investment and there is a lack of proper gambling options.

We should be able to bet on football teams or events. BUT instead people bet on meme coins.

$PEPE is another scarry candidate . it just Pumped like 100% in two days for no apperent reason, other than the expectations of the pump. It broke the sell walls and sky is the limit.

Usually people chicken out after 500% gain. Then the initial buyers will start to sell and we will get an altcoin down wave. Its pure emotional market to study human emotional patterns of hope and fear.

Again there are no fundamentals. once maybe companies will have company coins with profit share then we may see he end of meme coins.

The issue is that the meme coins are global, and the stocks are not. some kid in any point of the world can invest into a meme coin.

Meanwhile NVIDIA is Mo-Fry. market , where first world countries gamble.

The #meme_coin pump is a signal of potential what #crypto markets could be , IF we had real corporate crypto coins with real profit distribution !!!