Analyzing the Layered Evolution and Capital Rotation of Meme Coins

The Importance of $DOGE to Meme Coins

As the election approaches, $DOGE is once again in the spotlight, and its performance is crucial for the Meme coin market.

Overview of the Meme Coin Market

Without significant increases in $DOGE and $SHIB, it has become more challenging to drive the market share of Meme coins. In 2024, the total market capitalization of the Meme coin market is close to the historical high of 2021.

Growth of Non-Mainstream Meme Coins

Most of this year's value growth comes from non-$DOGE/$SHIB Meme coins, with the market dominance of these two falling to around 57%.

Market Share Still Below Historical Levels

Although the market share of Meme coins has rebounded, it remains below the levels when $DOGE reached its ATH in 2021. The total market capitalization of $DOGE increased by $7 billion this week.

Outlook for $DOGE

Even without new retail interest, I expect that the dominance of $DOGE and $SHIB will gradually recover, as much capital is currently on the sidelines.

Attitude of Intermediate Investors

Many intermediate investors are skeptical about the legitimacy and liquidity of Meme coins, missing opportunities with assets like $WIF and $PEPE.

Changes in Market Sentiment

There has been a significant change in sentiment regarding Meme coins, with increased interest in this category, even as intermediate investors begin to shift their attitudes.

Potential Catalysts for a Rebound

I believe these participants may drive a new round of rebounds for $DOGE, with any news potentially serving as a catalyst.

Capital Flow

Most of the capital may come from other crypto sectors, although retail participation may also increase.

Market Impact After $DOGE Rebounds

The strong performance of $DOGE and $SHIB may unleash potential for assets like $WIF and $PEPE. #eth3221

Attractiveness to Intermediate Investors

As the market capitalization of $DOGE grows, the attractiveness of other Meme coins to intermediate investors will increase.

Recognition of Meme Coins

As Meme coins gain greater recognition, new potential buyers may focus on these relatively more liquid assets.

Upside Potential

After the rebound of $DOGE, these assets will have greater upside potential, and intermediate investors will push the prices higher.

Limitations of the Current Market Situation

When the $DOGE market stagnates, the rise of small-cap coins like $PEPE will be limited.

Trend of Capital Concentration

The middle class may shift towards high-market-cap assets, and capital will naturally concentrate in high-market-cap assets. #你问我答 #美国大选后行情预测 #美国大选后涨或跌？