If altcoins want to surge, ETH is extremely crucial. The recent rise in ETH is a good sign. So, in the upcoming trend, which sectors are promising?
I personally believe memes are definitely worth looking forward to. Perhaps if ETH surges, there could be hype around memes on the ETH chain. Of course, this doesn't mean that Pepe can surpass Doge, I didn't say that.
The valuation will depend on market speculation, expectations from major exchanges, market makers, narratives, and past price trends. After all, no project can keep rising indefinitely; there will always be pullbacks to wash out weak hands, and then we will see whether there is continuing speculation and whether it will continue to rise.
The reason why Doge is so crazy is due to strong narrative speculation (this month because of Musk's mention, that pnut is also the same, right?), it has been listed on major exchanges, liquidity is under pressure, it can attract external funds, and it has gone through a washout. This has created the current situation. So what about other memes? We can reference this model for insights.
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