Recently, the Meme track is entering the "super cycle" narrative. On October 12, 2024, the search volume for "MemeCoin" on Google was 77 searches per 100 people, far exceeding the 33 searches for "Bitcoin" (BTC). Although the crypto market has been in a long-term downturn due to the overall environment in the past six months, the popularity of Meme in the entire market has not diminished, and there is no sign of slowing down. According to institutional data, the current size of the entire MemeCoin market is US$53 billion, accounting for about 2.3% of the entire crypto market value. Solana launched Pump in January 2024, and has created about 2.3 million MemeCoins. Other public chains are also competing to launch MemCoin launchers, making MemeCoin the hottest track in this bull market. Today, Dogecoin also rose by 13%, and the elephant danced. Of course, I mainly focus on the secondary market, because it is relatively stable and will not return to zero, and the liquidity is good and can be held for a long time, so the opportunities in the primary market will not be discussed here.
In mid-September, Sister Bei’s pinned post on Twitter said that many MEME coins in the secondary market have basically bottomed out, but there are still strong and weak ones. I hold PEPE, WIF, FLOKI, and BOME in large positions, and the MEME coin sector is also my second largest holding sector. These coins have also experienced several deep washes in the past six months, and the bottom is relatively clear at this stage. As long as the big cake continues to rise, these coins can be bought in batches at low prices. I believe that they will set new highs again, and there is at least 3 to 5 times of room. Everyone should hurry up and arrange in batches.
I recommend my own heavily-held coins here, not because PVP is asking you to take over, because I have never taken orders or opened a paid group, I just want to give you pure investment advice. Judging from the market performance this month, BOME has doubled in the past two weeks. I reminded it on Twitter and Square as soon as it was launched a few days ago. PEPE increased by 70%, WIF doubled, and FLOKI was slightly less than 55%. At this stage, the increase should outperform most currencies.
All four coins can continue to be bought on dips. If recommended recently, WIF and Niutou can be considered in the short term. The meme coin market is highly volatile and explosive, and is still highly dependent on the behavior guidance of the crypto community, KOLs and bigwigs. The project owner of the hat dog WIF also advertised on the spherical screen in Las Vegas at the beginning of the year, which caused a sensation in the coin circle. WIF is very suitable for swing trading, with fast growth and large retracement. Friends with good skills should be able to get very good returns by keeping an eye on this coin. The latest stop profit position is 3.2U. The recommended entry point for building a position is 2.5U, 2U or the lower track of the daily Bollinger line. It is a good time to enter the market. Be bold and get on board. In the long run, it is conservatively estimated that there is still 3 times the space by the end of the year.
FLOKI's increase is relatively small, so there is a need to catch up. The most important thing is that the project team of FLOKI has been working hard. In addition to the frequent community meetings on Twitter SPACE, there was an airdrop at the beginning of this month. The Simon's Cat coin was worth 10% of the personal holding value of FLOKI, which is quite impressive. The current price of FLOKI is 2.4 times higher than the previous high in April, and it is also worth looking forward to by the end of the year. Moreover, FLOKI has an annualized return of 7% on Binance, and the long-term holding income is much better than WIF.
This round of bull market is a super cycle for Meme, with opportunities everywhere. Meme is one of the areas where ordinary people can easily seize opportunities to make money. The key is to pay more attention to the Ethereum and SOL ecosystems and establish your own information advantages. For the Meme community you are interested in, keep paying attention and following up, which can greatly increase your profit opportunities. $PEPE $WIF $FLOKI #美国大选如何影响加密产业？ #BTC要挑战7W大关了吗？ #BNB涨至600 #特朗普家族加密项目 #特斯拉转移比特币
