Now we can talk about the chasing mechanism of the bull market altcoins.

A well-known phrase is that a certain coin will surpass Bitcoin. Although it sounds far-fetched, during a bull market, there are indeed cases where small market cap tokens surpass large market cap tokens, and after surpassing, there might be a short-term peak within a day, such as:

shib surpassing doge in market cap.

pepe surpassing shib in market cap.

trump surpassing pepe in market cap.

I believe that this round of moodeng's approach clearly indicates that the market funds recognize him as the leading token and are fervently buying.

Therefore, I think the target price for the first stage should be benchmarked against PNUT's market cap, above 400 million. The price of 0.4 is the first position where I believe it is necessary to take some profits.

Then, near the new high price, at 700 million market cap, the price of 0.7 will also be the position for moodeng spot on Coinbase, which is also the position for taking big profits.

In the end, there will be a remaining base position, aiming for an imagined peak, possibly breaking 1?

Trading memes always lacks suitable market conditions and imagination. Since the market has brought out this meme, it means that the timing, location, and people are all favorable, and the rest is left to time.