During those last weeks, there were a lot of memes coins pooping around and a lot of hype. $Tremp, $Boden, $GME, a lot of them are reffrering to real world events and they are pumping a lot. Allong side already popular meme coins such as $PEPE and $Floki. So is worth investing ?
The numbers
The memecoins frenzi was so powerful in the first quater of 2024 that it’s the best performing narrative ahead of Real World Assets (RWA) and Artificial intelligence.
That’s kinda crazy to thing that some projects that have no intrinsec value can pump so much beacause of greed and the community of those memes coins. It’s also kindo weird that some memecoins can out perform very hyped altcoins. You’ve may have encouter this pattern :
However, right now it’s more : Fiat → Bitcoin → Memecoins
It’s understandable with the news about Trump endorsing crypto, the presidential elections coming and the crazy moves of AMC and Game Stop at the stock market. The appetite of people for risk has increase a lot because of the power of social media.
My Thoughts
I never like to invest in a project I don’t believe in espacially if it has no roadmap and is just pure speculation. However, it’s also important to keep an objective eye on the situation.
It’s clear that a good portion of the liquidity that enter the market is heading towards memecoins. So it might be judicious a have a small part of your portolio in some memes coins.
Personally I do have part of my portfolio into some mid and lowcaps memcoins. But I don’t buy the dip and just hold it and sell it when it pump.
And you what is your opinion on memecoins ?
As always thank you for reading !
My favorite Crypto Faucet : Cointiply (referral)
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Disclaimer : This is not a financial advice, you need to do your own research !
