Memecoins has so far been the best performing narrative this cycle, I think everyone needs at least a 10% memecoin portfolio as regards to their risk tolerance;
This isn't to scare you, but for you to prepare for the worst case scenario for Bitcoin and alts. September has always been a rough month for crypto overall and there won't be an exception this time.
I expect Bitcoin to visit 44k in September in absolutely the worst case scenario
ALTS too will bleed and some won't recover.
it's better to avoid high risk meme coins for now and focus on utility coins until the market recovers generally.
⭕WHAT TO DO? start dcaing your position on your favorite utility coin if Bitcoin visits the lower range(49k, 44k). ⭕avoid leverage trading unless you're a pro ⭕choose strong altcoins(utility coins) that recovers quickly during dips.
ALT season should begin late November/early December when BTC.D starts falling.
Now this is how I expect the market to play out. SEPTEMBER :44-49k Bitcoin NOVEMBER: 86-90k Bitcoin
if you're still here, keep your head up you've survived the worst times and the best to come is near. historically after a Bitcoin halving it takes 150-155 days for Bitcoin to break out. if history repeats a breakout will occur in the next 60-65 days.
Many people are panicking because of market sentiments and the sellings from German government and mtgox repaying customers. OF course I'm still bullish long-term on Bitcoin and altcoins, I see now as a massive opportunity on the Long term(Q4 2024).
DO NOT GET SHAKEN OUT OR SELL OUT OF FEAR.
things you should do now;
🚫Touch grass or skip looking at the charts if you can't control your emotions. 🚫Study coins that show strength during this dip and start to DCA slowly on them. 🚫Focus more on AI, GAMING and RWA narrative.
COQ INU is a meme community coin on the avalanche blockchain, it has no use case and it just purely for fun.
if you're looking for a high risk,high reward project, then COQ INU is a perfect one.
CURRENT MARKET CAP : $189m
we all know how big avalanche ecosystem is, and COQ INU as the big meme project, I expect at least a $5b market cap at the peak of the bull run. A 27x from here.
there won't be a meme season without FLOKI, this is one meme + utility coin I'm bullish on
If Doge and Shib without utility in 2021 can reach 90b and 40b mcap respectively, FLOKI with far more utility and other narratives will reach at least a 30b mcap if not more.
memecoins are coins that have no utility and are usually for fun. however, they have become part of the cryptocurrency culture; while some have started to build a utility to add to their meme narrative,other still get the wave due to their meme symbol.
I do believe we'll get a memecoin blast this cycle.
BELOW ARE THE MEMECOIN I'M HOLDING AND MY PERSONAL TARGETS(NOT GUARANTEED)
they're million of memecoins in the market and some may do quite well, but remember always take out initial profits once you see a 3-5x on memecoins cause they are not usually guaranteed and might go to zero.
INVESTING IN MEMECOINS IS HIGHLY VOLATILE AND NOT FINANCIAL ADVICE.