The upcoming memecoin season in the crypto market is predicted to be the largest in history, according to Sjuul from AltCryptoGems. This prediction emphasizes the potential of memecoins as an investment opportunity for retail investors. Sjuul highlighted key reasons why memecoins are an appealing choice in the current market climate and shared his top picks, including MEW, MAGA, and others.
The biggest memeseason in crypto history will start soonMost people will miss this, but you shouldn'tHere's why memecoins are the best bet this cycle + my top picks (Bookmark it) pic.twitter.com/kVUOjVu7N0
â Sjuul | AltCryptoGems (@AltCryptoGems) July 27, 2024
Why Meme Coins AppealÂ
Sjuul contends that the crypto market favors individuals with resources, frequently putting retail investors at a disadvantage. He notes that recent crypto ventures have started with extremely high fully diluted valuations (FDVs), making it difficult for smaller investors to participate. Wormhole, EtherFi, and Ethena, for example, had $15 billion, $5 billion, and $10 billion FDVs when they began.
However, memecoins present a different scenario. They launch with FDVs of less than $5 million, making them accessible to a broader audience. This accessibility, combined with their entertaining nature and frequent listings on exchanges, makes memecoins a popular choice among retail investors.
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Show more +Show less â Top Memecoin Picks
Sjuul listed his top memecoin picks, which he believes have significant potential in the upcoming rally. These include $WIF, $BRETT, $MEW, $MAGA, and $COQ. Each of these coins offers unique attributes that appeal to the crypto community.
$WIF (Dog with a hat on the Solana blockchain): Priced at $2.67 with a market cap of $2.6 billion.
$BRETT (PEPEâs best friend on Base): Priced at $0.134 with a market cap of $1.33 billion.
$MEW (Cat memecoin in a dogâs world): Priced at $0.0075 with a market cap of $669 million.
$MAGA (Top PolitiFi memecoin in crypto): Priced at $7.52 with a market cap of $334 million.
$COQ (#1 memecoin on Avalanche): Priced at $0.000002199 with a market cap of $153 million.
Read also: JasmyCoin Breaks Crucial Resistance, JASMY Price Eyes New ATH
The Potential of Memecoins in the Crypto Market
Sjuul emphasizes that memecoins provide an equal chance for participation, unlike other high-value crypto projects. Additionally, the fun aspect and frequent exchange listings make them an attractive investment. The upcoming memecoin season could offer opportunities for retail investors, especially those who may have missed out on previous high-value projects.
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The post Expert Predicts Meme Coin Rally, Shares Top 5 Picks: MEW, WIF, MAGA, and Others appeared first on CaptainAltcoin.
