I would rather invest $5000 into
$MEME (MEMECOIN) Than invest into $DOGE (DOGECOIN) or SHIB (SHIBA INU)
Here are my reasons for this decision.
According to Coingecko, MEMECOIN currently has a Market Cap of $259,900,714 while Dogecoin has a Market Cap Of $12,341,921,781
Looking at Dogecoin current Market Cap Of $12,341,921,781, we believe it is going to be a bit difficult for Dogecoin to 2x it’s current Market Cap considering the fact that Dogecoin is also a MeMe Coin , which is based on Hype and Trend.
For
$MEME with a $259,900,714 Market Cap, 5x from its current Market Cap is achievable and very much possible.
I feel , when investing into memecoins, researching and looking into the Market Cap is very important.
If you see a meme coin with $100,000,000 Market Cap (Hundred million dollar market Cap) and a good community, you should be able to know if it can get to $500,000,000 or $600,000,000 market cap.
But, when you see a meme coin with over a billion dollar market cap you should know it’s going to be a bit difficult to 2x that market cap.
Do you agree with this ?
Let Us know below ⬇️
If you are reading our post for the first time, please note that we share amazing contents , News, analysis and Airdrop 🪂opportunities.
You can take a few minutes to go through our Posts
We have dropped potential $0 cost Airdrop in 2024 like
$GRASS x $NIBI x $PRZYM
GRASS TUTORIAL:
TAP HERE TO GET STARTED ON GRASS
To Our Nigeria Friends , checkout a video we made in the university of Port Harcourt , the video is pinned in the comments section, so just tap and hold for 2-3 seconds to copy it.
#Wrtite2Earn #TrendingTopic