Today we take a look at the popular MEME tokens as a whole!
After SHIB was launched on Binance, its market value soared tenfold from 4 billion to 40 billion within a month. PEPE also increased tenfold from 370 million in one month after its launch on Binance. SHIB failed to achieve greater success due to the big bear market that started at the end of 2021, but it also brought the MEME concept into the public eye.
PEPE has continued to hit new highs with the help of favorable funding factors such as ETFs in this bull market. Its market value now reaches US$8.8 billion, making it the new leader in the MEME field.
As an old MEME currency, DOGE is supported by Musk. If the payment benefits are realized, there is still room for growth, but its profit and loss ratio is uncertain. For these currencies, the subsequent explosion range, shipment timing and callback depth are difficult to predict. However, MEME currencies are mainly driven by market sentiment and FOMO psychology, and the first round of sharp rise is often the most impressive, usually up to ten times.
In the MEME sector, although the AI concept is popular, many AI projects have dispersed a large amount of funds, resulting in limited room for growth of AI-related leading currencies in the MEME sector, such as GOAT, ACT, and ZEREBRO. Old MEME currencies such as SPX and NPC are less likely to rise sharply in the future because of their mature communities, large holdings, and relatively concentrated chips.
As a new popular currency, CHILLGUY has a large number of large holders, but the limitation of its narrative angle may restrict its upward space. It is still popular and has been launched on Binance Contract. It is currently 0.37, and you can ambush it appropriately. The four-hour line shows a W bottom pattern, and it is expected to have a potential increase of more than 50%. MOODENG was the first to land on Coinbase. Although it has the first-mover advantage, its narrative angle is not unique enough, and it may just be a market test of the platform.
Looking at $PNUT , it has shown strong stability after the Binance spot market was launched. This does not refer to the price, but the number of large holders. Currently, the number of addresses holding more than $10,000 is stable at around 2,000.
Among the currencies recently launched on Binance, ACT and $PNUT are spot, and the rest are mostly contracts. This difference is of great significance because spot is more conducive to absorbing funds through fixed asset allocation (DCA) in a falling market.
From a narrative perspective, this is the core driver of MEME or altcoin movement. DOGE relies on Musk's influence, MOODENG relies on the concept of charity animals, and PNUT combines multiple elements such as Musk, Trump, charity, politics and animals. Musk's remarks "America was saved by a squirrel and a meme coin" !” It takes $PNUT to a whole new level, making it significantly different from other MEME currencies.
SHIB and DOGE both belong to Musk's concept MEME, and their market capitalizations are both in the tens of billions. The current 1 billion of $PNUT is still very cheap. Although Musk also has the obvious D.O.G.E concept, this concept is still a derivative of DOGE. Therefore, the real target with unique narrative that will trigger the same impulse of the general public to pursue SHIB back then is likely to be ten times that of PNUT, or even close to a market value of 100 billion!
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