The SOL season appears to be waning, and there seems to be a subtle yet noticeable shift towards ETH, especially evident in crypto circles.
I anticipate a resurgence in the popularity of memecoins later this year, likely following a period where ETH solidly establishes its footing against BTC.
Regarding memecoins on the ETH network, it's interesting to note the change in attitude among those who previously favored SOL. These individuals, once dismissive of PEPE/DOGE as being passé, are now seemingly jumping back on board.
It's intriguing to observe the fickleness in the crypto community. Some individuals who were promoting AI-SOL are now the same ones who were recently disparaging SYNC.
It's ironic how the dynamics play out. The once-hyped 'shitcoin' on a perceived superior platform plummeted to worthlessness, while SYNC, an ETH-based project, not only survived its early stages but is also poised for potential growth, bolstered by its underlying economic model.
In my experience, scams or failures in the crypto world usually reveal themselves early. This pattern has been evident with several SOL-based projects.
Take the example of HarryPotterObamaSonic10Inu, a longstanding memecoin. It suddenly gained significant traction after years of obscurity, managing to avoid becoming a scam.
The success of such coins seems to hinge on either their meme appeal or the dedication of their developers, coupled with newsworthy events.
In any case, investing in these coins is a speculative strategy, balancing calculated risks and potential rewards.