Every bull market will have ten-thousand-fold meme coins, have you chosen the right one?
In the past few years, whenever the cryptocurrency market experiences a bull market, some eye-catching meme coins like Pepe, Dogecoin (Doge), and Shiba Inu (Shib) emerge. These meme coins often attract global investors' attention with their unique cultural symbols. Although Pepe, Doge, and Shib have all become well-known figures in the virtual currency space, their development trajectories and market performances vary. It is noteworthy that during each bear market, newly emerging projects often become the focus in the next bull market.
Old meme coins may be affected by the trapped funds from previous market crashes, leading to significant resistance to price increases, while new meme coins do not carry these historical burdens, making them more likely to achieve astonishing growth.
To capture such opportunities, investors should pay attention to those new projects with lower market caps that have not yet garnered widespread attention. Once these projects start to emerge, timely intervention can be made.
Currently, the altcoin market is experiencing a wave of enthusiasm, with some new meme coins like Wif and Bome showing significant growth momentum. Considering that Bitcoin's market cap still holds a high proportion, and Ethereum has not yet surpassed its historical high, it can be speculated that the prosperity of the altcoin market is still in its early stages. If we refer to the duration of past bull markets, it is expected that this altcoin boom may last until the first half of 2025.
For meme (address 7055) coins, the key lies in whether they can stimulate FOMO (fear of missing out) in the market and maintain sufficient market consensus. For example, Dogecoin has seen price surges multiple times due to the support of famous personalities.
Recently, the meme coin related to Musk #MARVIN (ending in 7055) has attracted attention. The name Marvin comes from Musk's dog, which he often mentions on Twitter and celebrates its birthday every November 1st. Unlike previous meme coins that were listed with a market cap of hundreds of millions on Binance, this one was listed at a lower market cap.
