Walking around the market, I saw people arguing over how much the market would drop, which coin should they buy? But you don't pay attention to one thing, that altcoins are experiencing too much inflation in quantity. Even Binance has listed more than 30 new altcoin projects since the beginning of 2024.
👉The best strategy is to choose a project that is top of the generation, or has a "special" element compared to competitors of the same generation.
💵With the memecoin group, I consider MemeLand's $MEME to be a special name that can be considered for investment.
😍ADVANTAGES:
1. The first advantage is that the $MEME token has the same name as the memecoin trend. Okay, it sounds silly, but I think it's not natural for MemeLand to compete with this name to list Binance.
Binance has existed for 7 years. I don't know how many projects want to have the ticker "MEME" to facilitate marketing, but Binance only accepts it when MemeLand appears.
Proves that the project must have some "special" point that the developer does not publicize.
Looking at the battle for the name "ZK" of Polyhedra and ZkSync, you will understand how important the ticker coin is to the project!
👉In short, the very name MEME is a sign of MemeLand's future potential.
2. MEME and MemeLand have a really great backer called 9GAG!
This is a factor that few Vietnamese investors realize, because the 9GAG social network is not popular in our country. However, on a global scale, 9GAG is not inferior to Reddit, Instagram or Threads.
Currently 9GAG has up to 150 million daily users. In particular, this social network is considered the cradle of meme culture in cyberspace => I completely believed when 9GAG announced the development of memecoin.
👉It should be emphasized that the CEO of 9GAG is also the founder of MemeLand. This man directly participated and did not simply rely on his reputation. In the previous uptrend cycle, 9GAG CEO was also an enthusiastic supporter of the NFT trend. Currently, 3 NFT collections on MemeLand are all inspired by characters, or online culture built by the 9GAG community.
3. The project is invested by Binance Labs itself, but the specific amount is not announced. In 2 funding rounds in October 2023, MemeLand raised about 16 million USD. In addition, it will not be until the end of 2024 that MemeLand will begin unlocking tokens for Teams.
🥶DISADVANTAGES:
No matter how potential the project is, if you buy it at the wrong time, it will turn out to be a scam.
Currently, MEME is trading around 0.0146 USD, which means X14 times the price of the Private Sale round, with a capitalization of 300 million USD and FDV of 1 billion USD. This is not a reasonable area for you to buy MEME for long-term goals.
👉In my opinion, to be safer, you can buy MEME when the capitalization is below 150 million USD, and set a profit target when the capitalization exceeds 1 billion USD, equivalent to 0.08 USD or more.
