Unveiling $PNUT: Why It Is Expected to Become the Next Hottest MEME Coin!
SHIB skyrocketed from a market cap of 4 billion to 40 billion within a month after being listed on Binance. Similarly, PEPE saw its market cap grow tenfold from 370 million after being listed on Binance. Although SHIB failed to reach new heights due to the bear market that began at the end of 2021, it brought the MEME concept into the public eye.
PEPE, benefiting from favorable funding conditions such as ETFs during this bull market, has continuously reached new heights, with its current market cap at 8.8 billion dollars, making it the new leader in the MEME space.
DOGE, as an established MEME coin supported by Musk, still has room for growth if payment benefits are realized, but its risk-reward ratio remains uncertain. For these coins, predicting the magnitude of future surges, timing for selling, and depth of corrections is challenging. However, MEME coins are primarily driven by market sentiment and FOMO psychology, often seeing the most substantial gains in the initial round, typically achieving tenfold increases.
In the MEME sector, while AI concepts are popular, numerous AI projects have dispersed significant funds, limiting the upward potential of leading AI-related coins in the MEME sector such as GOAT, ACT, ZEREBRO, etc. Established MEME coins like SPX and NPC have mature communities with many large holders, resulting in concentrated chips, making the likelihood of significant increases lower.
CHILLGUY, as an emerging hot coin, has a considerable number of large holders, but its narrative limitations may restrict its upward potential. Currently still hot, it has been listed on Binance contracts. At 0.37, it may be wise to set up a position. The four-hour chart shows a W-bottom pattern, with an expected potential increase of over 50%. MOODENG has been the first to land on Coinbase; although it has the first-mover advantage, its narrative is not unique enough and may merely be a market test by the platform.
