Many crypto community members are looking for investment ideas. Crypto analyst @wacy_time1 believes that investors who want to make money should first pay attention to memecoins.
In his opinion, the popularity of meme coins continues to grow, which means that you can get X’s on the trend. In his microblog, the cryptoanalyst shared top memecoins that he believes are set to explode.
Why Memcoins Will Rise
The analyst believes that the explosive growth of memecoins in the first half of the year made them one of the main trends in the crypto market in 2024. The success of such coins, noted @wacy_time1, attracts the attention of both new users and experienced investors.
Top 10 Memcoins of 2024 by Growth. Source: X/wacy_time1
According to the analyst, new memecoins are ready to replace DOGE, SHIB and FLOKI, which have repeatedly surprised market participants with their growth rates. Timely investments in them, according to @wacy_time1, can bring good profits.
Memcoin trends
The author of the post drew attention to several of the most striking trends in the memecoin market:
- Dog Coins (“dog” coins). The oldest and brightest trend. It began with the phenomenal growth of DOGE in 2013. The direction includes such coins as SHIB, BONK, FLOKI and WIF.
- Frog Coins (“frog” coins). Trend, launched by the PEPE crypto project in 2023. The direction is represented by the coins BRETT, PEPECOIN, APU, PEIPEI and others.
- Cat Coins (cat coins). A new trend that has become a response to the dominance of dog memecoins. The trend includes MEW, POPCAT and HOBBES.
- Political Coins (memecoins with a political bias). The trend emerged against the backdrop of the US election campaign. Examples of such memecoins: TRUMP, boden, tremp and others.
@wacy_time1 noted that when investing in memecoins, it is important to consider their market cap. Low market cap often means high profit potential, but also increased risks.
What memecoins to buy to earn
The cryptoanalyst divided the most promising memecoins into three categories, depending on capitalization.
1. Low capitalization:
- CATDOG. Memcoin unites cat and dog lovers.
- RETARDIO. Solana memecoin gaining popularity.
- MAGA. The project developers were inspired by Donald Trump’s slogans.
2. Mid Cap:
- POPCAT. An up-and-coming memecoin driven by the crypto community.
- MOG. Memcoin on Ethereum.
- MEW. A promising “cat” cryptocurrency with a large percentage of burnt liquidity.
3. High capitalization:
- WIF is a popular Solana memecoin that has a strong community around it.
- PEPE. The legendary “little frog”.
- BONK. Solana is a memecoin that is deeply integrated into the web3 ecosystem.
Despite the fact that the analyst named specific coins for investment, he urged subscribers to independently study the potential of each of the projects of interest.
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Source: Cryptocurrency
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