Navigating the Meme Coin Craze: Could These Two Cryptos Be Your Ticket to Quick Profits?
We have been predicting for quite some time that this year is going to be a big one for meme coins as looking down the pipeline we could see a lot of very exciting projects that we're in the works for 2023. However, what has happened in the last few weeks has surprised even us.
While we were focusing on meme coins that had utility and were building serious foundations through successful presales the market has been blown away by get-rich-quick coins like Pepe Coin (PEPE). A 10,000% growth period in a few days has set the market on fire with FOMO and now we have an influx of meme coins that are hoping to be the next ones to pump by a mind-blowing amount.
Now, what is strange about this is it kind of goes against everything that the market has learned about meme coins over the last few years. Dogecoin (DOGE) and Shiba Inu (SHIB), having once experienced similar pumps, are on the verge of being replaced with new-generation coins with much more utility. So, why this sudden return to meme coins with no real substance?
How to manipulate the meme coin market for the best returns
FOMO is both a very useful and a very dangerous aspect of meme coins. The market has just started to learn that too many meme coin projects are rug pulls and that the new generation ones launching with strong utility and a comprehensive whitepaper are where they should be turning to.
However, how can anyone turn down the chance to be an overnight millionaire? We would never try to turn investors off this but the important thing is to have a strategy going into your investing and to not be led by FOMO.
We think there is a very simple way to have your cake and eat it. Even though we can already see PEPE might be finished as it lost 42% of its value after its latest pump, that is not the point of these coins. Nobody is hoping to hold onto these coins until 2030 expecting them to appreciate all the way through. The key is to get in before a pump and get out before the dump.
Then on the other hand, when looking for a meme coin with utility that actually could have a lot of worth, it is also important to get in early but it's much more important to identify which one has the best properties to head to the top of the meme coin ladder long term.
So now we have our strategy to beat the market but how do we apply it?
Getting in early is key to any crypto but with this latest meme coin craze, it can be the difference between a life-changing amount of money and nothing. Those that got in at the start of PEPE saw massive returns while now some big investors that only bought in towards the end of last week are experiencing significant losses.
Since the success of PEPE, we have seen other meme coins take off like Wojak (WOJAK) take off but after a great start WOJAK is now down over 33% at the time of writing so investors are left wondering which coin to turn to next?
Well, we think we have found the answer and it is called Spongebob token ($SPONGE). We have monitored the Reddit and Twitter crypto meme coin sections closely and we think the main driving point behind this trend is nostalgia. PEPE and WOJAK are both early creations of internet meme coins so finding something that is close to these could be your ticket to the next time.
The $SPONGE meme is so obvious when you first see it that it's hard to believe nobody has thought of it before. Here we have a meme that has been popular for so long on the internet but especially among crypto enthusiasts as it is normally used to poke fun at someone that has said something that might not have been the smartest.
Add to this the fact it is available on a highly reputable exchange like Uniswap and has a total liquidy of $10.6 million and we think we have all the ingredients for a perfect meme coin storm. FOMO is already building however as word is spreading fast so remember the key is getting in there early before the first big pump!
While we try to get in before the Spongebob token pump we are also going to try to get in early with the AiDoge (Ai) presale. Here we have a coin that has learned from the mistakes of original meme coins to come up with a project that looks set to take over at the top of the meme coin market in the future.
The crucial part we love is it combines meme coins with the other hottest craze currently sweeping up the crypto world, AI technology. The AI technology in question will be used to help the first-ever meme-generation platform be very easy for its users to use.
The technology will have a vast knowledge of crypto so can suggest templates and edits to make sure the content on the platform is the best. Think about what this means for viral capabilities too, if all the best memes are here they will be shared all over the internet and bring in lots of new users on a consistent basis.
This gives this project a firm footing and real legs and we think since it has already raised $3.7 million during presale there is a real sign that this is the next king of meme coins. Lucky for investors there are 20 stages of the presale so there is still a chance to get in before the inevitable pump.
We are all here for this meme coin craze that has taken over the market but we think strategy is key. Both $SPONGE and Ai represent projects at different ends of the meme coin spectrum but this is crucial to diversifying your portfolio and setting yourself up for success. They do have one thing in common though, they are available at rock-bottom prices so the chance is there for a big return if you get involved now.
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