Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now

[JamesDaniel90]

Anyone into Crow with Knife?

I have just found it and looks promising, only $50m market cap and pretty much of all of its supply in circulation.

If it can just get to $1b market cap that would be a 20x return so will probably have a small gamble on it.

[Iamcrypticguy]

Anyone into Crow with Knife?

I have just found it and looks promising, only $50m market cap and pretty much of all of its supply in circulation.

If it can just get to $1b market cap that would be a 20x return so will probably have a small gamble on it.

Alot of memes are trending. I'll check this out. But have you come accorws JAIL? it's a funny narrative albeit bullish.. noticed volume increasing on Bitget memezone & twitter.

[evichi]

My observation shows that meme coins basically grow in value due to hype. In my opinion, such growth is, in most cases, not sustainable. Just as the value grew up rapidly, the tendency is to drop in value quickly as well. Just like pump and dump, the gain in value is deceitful and must not be relied upon. On this note, you cannot use such meme coin as a store of value. Except for Doge coin, Shiba Inu, and a few others, it is a very high risk to buy a crypto asset as a meme coin. However, if I am to choose among the meme coins for investment, I will pick Doge coin, because of its resilience over the years.

On the other hand, Bitcoin value grows because it is sought after as a store of value (including other factors)  and over the years it has consistently grown in value. Investing on a meme coin means you have to be on your toes, so that as soon as there is gain in value, you have to quickly sell your assets to a more sustainable asset, otherwise, your assets may become worthless  moments later.

As an investor, always buy what you can afford to lose. Investing in cryptocurrency is a high risk venture. Remember not to put all your eggs in one basket. Conduct thorough research before investing your hard earned money.

[DaMut]

One thing that has made the meme coin outstanding is the power of their community, the community never leaves them same with the same project itself. That's why some meme coins are outperforming some blue chips. Look at what is happening currently, many of the blue bluechip project don't really treat the community well. More meme coin will rise , for anyone who can DYOR it's a good for profits with bull coming.

[hamba laeh]

The memecoin craze has returned in full force, with several meme-themed cryptocurrencies seeing massive gains recently. Leading the pack is PepeCoin (PEPE), which has skyrocketed over 60% in the last 24 hours.

Pepe is a memecoin based on the popular Pepe the Frog meme. It was originally launched in 2013 but gained renewed interest this year as the memecoin market heated up again. The recent price surge has made Pepe one of the top trending coins today, according to CoinMarketCap.

Other memecoins seeing big gains include Wif, FLOKI, SHIBA and Bonk. All doing impressive numbers over the weekend.

The return of memecoin mania also reflects the powerful momentum of hype and virality in crypto. Memecoins often have very enthusiastic online communities that aggressively promote their coin, fueling massive rallies. While memecoin investments are highly risky due to the volatility, the potential for explosive short-term gains is enticing many retail investors.

The comeback of memecoin mania is also indicative of the current bullish sentiment in the crypto markets. With Bitcoin and Ethereum recovering strongly in 2024 so far, investors are more willing to speculate on altcoins in hopes of parabolic returns. This is pushing up memecoins along with the broader altcoin market.

The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...

Yes, I agree that currently memecoin can provide big profits. But don't forget about Bitcoin just because Memecoin has now provided benefits to you. and currently market conditions give us the opportunity to hold memecoins such as pepe, bonk and floki. and especially pepe coin which is currently trending on the market. Hopefully it will continue to increase in the future.

[EarnOnVictor]

-snip-
The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...

For meme coins to be making the wave like this to the point that it's affecting the flow of money into Bitcoin and the first-rated crypto projects means that cryptocurrency is now increasingly becoming a joke. This shows that people are more interested in the money to be made rather than the additional benefits that individual projects have to offer, and above all, I agree with you that when it comes to money-making, meme coins have it.

As for the performance, I think no one knows emphatically, we can only guess what would happen. But judging by this bull run's performance and their consistent reactions, I believe PEPE, FLOKI and BONK still have good prospects, while PEPE seems to lead them all.

[DeathAngel]

Memecoins can give you a lot more profit than Bitcoin but Bitcoin profits are far, far more guaranteed than they are investing in one of the ridiculously expansive list of memecoins there are. It all depends what your level of desired risk is. I don’t think it’s a good idea to put too much of your portfolio in memecoins because it can go badly wrong.

[betswift]

Memecoins can give you a lot more profit than Bitcoin but Bitcoin profits are far, far more guaranteed than they are investing in one of the ridiculously expansive list of memecoins there are. It all depends what your level of desired risk is. I don’t think it’s a good idea to put too much of your portfolio in memecoins because it can go badly wrong.

Agreed! In my opinion, it's a good idea to have a little place reserved for the memecoins, but not too much, as they are usually pumping or dumping in price far more frequently than big alts on the market, especially the new ones.