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🚨U.S. CPI: +2.4% YEAR-OVER-YEAR (EST. +2.3%) U.S. CORE CPI: +3.3% YEAR-OVER-YEAR (EST. +3.2%)
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Memecoins are not a new narrative.. Last cycle at the market peak, $DOGE had a MCap of $90 billion and $SHIB had a MCap of $40 billion. Overall memecoin MCap at peak was nearly $150 billion. Right now, the total MCap of memecoins is $53 billion, down 70% from its last cycle. But this time there are a few additional things too. Last cycle, most retailers didn't bid on memes because of ETH high gas fees and low TPS. This cycle, the retail has $SUI, $SOL, $APT, and many other chains with < $0.001 transaction fees and high TPS. Along with that, most new projects are listing with > $2B valuation, which leaves retail with no other choice but to look for low MCap projects. 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘸𝘩𝘦𝘳𝘦 𝘮𝘦𝘮𝘦𝘤𝘰𝘪𝘯𝘴 𝘤𝘰𝘮𝘦 𝘪𝘯𝘵𝘰 𝘱𝘭𝘢𝘺. This is the reason memecoins are the best performing asset of 2024 and will most likely continue till this bull run exists. If people are expecting large caps like $SOL to 5x from its last cycle high, it won't be a crazy prediction to expect the same from memecoins.If #memecoins does 5x-7x move from their last cycle peak, it'll have a MCap of $750B-$1.05T by cycle peak. Of course, all memes won't pump the same, but there'll be a few to hit $80B+ MCap and a lot of them to hit $10B-$20B MCap by cycle peak.
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$1MBABYDOGE high conviction holding for bull run 🌋
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All Crypto bros need for this Bull Run is $BTC to $150,000 $ETH to $12,000 $BNB to $1,500 $SOL to $1,000 $LINK to $150 $SUI to $10 $TAO to $3,000 $WIF to $15 What did I miss? Comment below 👇
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Guess This Token 👇 ◾ TVL > $600M (ATH) ◾ Raised over $300M ◾ Down 55% from its ATH ◾ Partnered with "Ignition AI Accelerator," backed by NVIDIA
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