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Memecoin supercycle - Investing a low percentage of one's portfolio into memecoins to increase ROI

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by COINS NEWS 123 Views

As we can see, some memecoins were outperforming altcoins by far. Only a few altcoins did well, while the vast majority of them are still moving sideways.

Memecoins became a viable option to invest in as long as the investor doesn't go in too much. 1% to max 10% if you feel lucky.

You could argue that from the tens of thousands memecoins over 99.9% will go to zero, there's some approaches how to pick a winning memecoin:

1) Top memecoins of top performing blockchains:

  • trending altcoins such as SOL, TON, AVAX etc have their own established memecoins

2) Following chain narratives and piggybacking on other successful memes:

  • DOGE was tjhe OG-memecoin, then SHIB copied the Dog-coin meta

3) PEPE (a character from Matt Furie's comicbook), there 3 more Matt Furie characters that have memecoins on L2s with the corresponding colors:

  • BRETT memecoin, blue character from the PEPEverse, on the "BASE" Layer 2, Coinbase is blue, so is BRETT

  • ANDY memecoin, yellow character from PEPE comic, on a uptrending "BLAST" Layer 2.

Blast is developed by the same dev who created the NFT marketplace Blur. Although the Blast Layer 2 hasn't launched yet, it's TVL is at rank #6 of all blockchains. Also a $1,000,000,000 (1 billion) big airdrop will be happening in around 11 days.

Statistics show that nearly all airdropped money will stay on the same chain, which actually may land onto its memecoin ecosystem. Blast has been incentivizing bridging USDC and eTH. Season 2 of its airdrop campaign will aim for memecoins to be incentivized.

submitted by /u/derika22
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