How to judge whether a Meme coin can be redeemed? Brainless stud?
Historically, meme coins have been one of the best performing assets. A quick trip down memory lane and a look at some of the brightest stars in the meme coin galaxy:
Dogecoin (DOGE), Musk’s favorite meme coin, once became popular on “Saturday Night Live” (SNL) and has now become part of the history of meme coins with a market value of up to $20 billion.
Shiba Inu (SHIB) - Shiba Inu is to Dogecoin what alt-L1 transactions are to Ethereum; it is a beta game closely following DOGE and currently has a market cap of over $10 billion, second only to DOGE. It even reached a staggering $40 billion at its peak, with a return of 8,000 times starting in early 2021.
Pepe (Pepe) – Recently, we have had the example of Pepe, which is showing early signs that we may finally be emerging from a bear market. PEPE’s market value reached US$1 billion less than a month after its listing, and its current market value has reached US$3 billion.
Bonk (Bonk) - The meme coin was one of the main catalysts in reviving the Solana ecosystem, with the market capitalization soaring from $30 million to $1.5 billion (a rapid 50x increase) in just over a month, after rising from $2.5 billion After the dollar fell slightly, it still performed well.
dogwifhat (WIF) – This meme coin has been on Wall Street’s iconic bulls and shows no signs of stopping. With a market capitalization of $2.25 billion, WIF is the leader among Solana’s meme coins.
Meme coins are a gamble. There's no foolproof strategy for investing in them - it's either a moonshot or you could see your entire net worth go up in smoke.
The jury is still out on whether Meme coins are good or bad. But one thing is for sure: Meme coins have become the lifeblood of the bull market. They attract people to the chain, facilitate on-chain activity, and offer gold lottery tickets that are traded in cryptocurrencies
