The bull market is not over yet, MEME becomes the best choice for the next wave of outbreak

The first half of 2024 has ended in the correction and consolidation of the crypto market. During this cycle, BTC rose rapidly due to the promotion of ETFs, while altcoins performed relatively flat. Many retail investors who missed the BTC opportunity often complained that they "did not feel involved".

With the continuous correction and consolidation of the market, especially the fact that a large number of altcoins almost gave up the gains in the past six months, new investment opportunities may be quietly brewing.

The bull market is likely not over yet, and risks and opportunities coexist

In the initial stage of this cycle, the three core driving forces of ETF, BTC halving and interest rate cuts have been deeply rooted in the hearts of the people.

From the perspective of opportunity, the formation time of "M top" is short and the amplitude is small. The existence of the expectation of interest rate cuts also indicates that the market is likely to still accumulate power for the next climb, and the market has encountered support at around 55,000.

Meme: The track with the highest odds in this round

The myth of making money of Memecoins such as DOGE and SHIB has been enduring in the industry, and it is also an opportunity for a large number of users to choose to enter Crypto.

Meme's position in this cycle has been further highlighted. It has gradually developed into one of the core tracks of Crypto in terms of asset market value and trading volume.

The total asset market value of Meme has exceeded 50 billion US dollars, accompanied by a trading volume of more than 4 billion US dollars.

From the ranking of Memecoin, it is found that Meme after DOGE and SHIB are all new stars in this cycle, which further proves the excellent performance of Memecoin in this cycle.

From the perspective of the return rate of the track, Memecoin is also the track with the highest overall return, surpassing popular narratives such as RWA, AI, and DePIN.

Unlimited valuation and large imagination space: The vast majority of Meme coins have no core business, and the valuation depends entirely on the imagination of the market.

The content of Meme coins is more simple and easy to understand, and investors do not need to have a lot of fundamental knowledge, which can attract the widest range of investors to form a consensus. In addition, Meme coins can capture various hot spots in reality in real time and continue to attract attention and funds.

The risk of Meme coin is that the supply of tokens is too large, and it is difficult for investors to find a certain target. At the same time, Meme coin fluctuates violently, and high returns are accompanied by extremely high risks.