In this bull market, the wealth effect of the so-called VC coins rarely outperforms the corresponding leading memes due to insufficient liquidity in the market. In other words, retail investors are more willing to buy some meme coins, and are unwilling to continue to take over the so-called value coins with high market value of VC waiting for large amounts of unlocking.
This article briefly introduces the leading memes of BTC, ETH, and SOL ecosystems, which are very popular and familiar to everyone. It mainly introduces some popular public chains, leading memes that are not familiar to everyone, which have more potential wealth effects.
Target 1: ORDI
Introduction
Ordi does not need much introduction, I believe everyone is very familiar with it. The first wealth effect of this bull market is the inscription track led by Ordi. Of course, most of the inscriptions have returned to zero or lost liquidity, but Ordi, as the leader of inscriptions, still has bargain-hunting value.
First of all, the concept of Ordi needs to be clarified. It is the leading meme of the BTC chain. Its rise and fall are directly affected by the rise and fall of Bitcoin prices. Its rise and fall are not affected by fundamentals, but only by emotions. ORDI's market value is expected to be 1% to 5% of Bitcoin's market value. When Bitcoin's market value is 1.25 trillion US dollars, the highest expectation of Ordi is 12.5-72.5 billion US dollars, and when the market value is around 900 million, it means that there are 13-80 times expectations. It is conservatively estimated that ORDI's next round of expectations is 500U.
technical analysis
ORDI has retreated 50% from its high point and is currently fluctuating between the 200-day moving average of 49 and the main support of 40. The next support line is 27, and below 27 is 18. The main opportunity to open a position is between 18 and 27. However, since the retracement of ORDI is not large compared to the increase, the oscillation time is not enough, so just wait patiently for the opportunity.
Strategy:
Build positions in batches below 30, and hold heavy positions below 20.
Expected return: 20-50 times
Target 2: PEPE
Introduction:
As the ten-thousand-fold meme on the Ethereum chain in this round, PEPE’s popularity and growth have far exceeded DOGE, making it the new leading meme on the Ethereum chain.
The current market value of PEPE is 3.1 billion US dollars. According to 1% to 5% of the market value of Ethereum, the market value of PEPE is between 3.8 billion US dollars and 19 billion US dollars. As the strongest leader of this round of memes, PEPE is expected to become the first 10 billion meme in this round, with an expected return of 3-10 times.
technical analysis:
PEPE's current bull market has increased 10 times in a very short period of time, and then halved after 10 times. It is currently rebounding from a high level. In the short term, PEPE will continue to fluctuate at a high level, and the medium- and long-term support line is around 30.
Short-term strategy: 45-80 range
Long-term strategy: start building positions around 30, and hold heavy positions below 20.
Target 3: WIF
As the second meme on Solana to be listed on Binance in this round, WIF Hat Dog has also increased by 10,000 times, making it a strong competitor for the 10 billion meme. The current market value of WIF is 3 billion, which is three times the distance from the 10 billion meme, and is expected to be 3-6 times.
technical analysis:
WIF's listing on Binance directly increased the price of WIF from 0.3 to 4.8, a 16-fold increase. The maximum decline from the high point was 61%, and it is currently fluctuating at a high level. WIF did not experience a long period of washout during this round of rise, so it is expected that it will undergo a deep washout before becoming a 10 billion meme.
Strategy:
Medium and short-term strategy: Buy low and sell high before 1.8-3.5 to make a volatile market
Long-term strategy: Start building positions at 1.1 and hold heavy positions below 0.8.
Target 4: Degen
Degen was originally a reward token for the decentralized social application Farcaster. It has now grown into the leading meme of the Base ecosystem. The Base ecosystem does not issue public chain tokens, and its ecological funds will flow more to leading projects.
Having completed financing and launched L3 based on the Base ecosystem, it is no longer entirely a Meme concept.
Degen's current market capitalization is US$380 million, and is expected to be at the 2 billion level. It still has super-high growth expectations and a high degree of certainty, but it is currently in a high-level correction, and requires patience to wait for the opportunity to enter the market.
technical analysis:
Strategy: Open a position at 0.017, and hold a large position below 0.001
Target: ZORRO
Introduction:
ZORRO is the leading meme on zkSync with a funny purple cat as its image. According to Nansen’s report, ZORRO is one of the top ten tokens held by whale wallets on zkSync. Based on the concept of cats and the expectation of zkSync’s coin issuance, it is expected that ZORRO will see an excess increase in the near future.
Currently, ZORRO’s market value is 8 million US dollars, with an expected value of 100-500 million US dollars. The expected increase is 12-60 times, which is worth ambush.
technical analysis:
ZORRO has not performed well in the recent rise of the cat concept. The popularity of the Chinese community is relatively low. It has fallen back after rising. The mid-line support is 20, and the long-term support is 10.
Strategy: Start building positions below 20, and increase positions around 10
Target: FOXY
Foxy is the first meme coin launched by Linea. It is a little fox and is committed to building a community based on memes. Foxy was first listed on OKX and is a meme coin jointly managed by Linea and OXK. It has performed well and its current market value is 170 million. It is expected to reach 1 billion first, and it is still a strong competitor for the 10 billion meme.
technical analysis:
Foxy has very little circulation, and most of it will be airdropped to community active users. Currently, 0.13 is the short-term support point. Below 0.1, it means a heavy position of 100 million US dollars in market value #Meme币你看好哪一个？
