The next ALT Season will be dominated by Memecoin 😱😱
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The next ALT Season will be dominated by Memecoin
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With the continued development of the crypto market, Memecoin according to some experts will lead the next alt season.
For bitcoin is currently in a consolidation phase, and according to some analysis, they are starting to focus their attention on speculative but popular assets.
Initially, Memecoin was considered a joke or parody, but over time Memecoin has developed into a significant source of profit.
In mid-2024, meme coins have shown quite good performance in terms of income in the crypto market, this proves that there is a change in investor sentiment and market dynamics that are more stable and will continue, and are not just a temporary spike.
According to a leading analyst on meme coins, Murad Mahmudov, if an alt season occurs, memecoin will outperform other alt coins. otherwise, meme coins will still outperform.
Mudov targets meme coins in the Etherium (ETH) and also Solana (SOL) ecosystems, and particularly those with market caps between $5 million to US $200 million, and he also suggests looking for coins that have reached or are experiencing critical mass, as well as showing there is a community strong and dedicated.
The strategy given by Marmudov is quite simple, namely buy and hold for more than a year, and avoid derivatives and meme coins with micro capitalization which are very volatile.
One option is American Coin (USA), which is predicted to be very profitable due to national events such as July 4, the Olympics or the United States elections.
The other coins discussed are Popcat, Retardio, and Gigachad which show the diversity in the meme coin sector, and after I did a personal analysis, and indeed the coins mentioned by Marmudov are experiencing a crash period and the community is quite large and will definitely be very profitable.
These meme coins reflect contemporary internet culture, as well as humor and criticism, as well as community spirit.
Maybe this is just my little explanation regarding the next alt season, I hope this information is useful and greetings @jafar21.
Thank You.