Dogecoin, Shiba Inu, Floki Are 'Dino Coins,' Says Trader: He Likes These 3 Other Meme Coins As 'Blue Chips'
Portfolio Pulse from Khyathi Dalal
Pseudonymous trader 'Trading Vapor' suggests that meme coins like Pepe, Dogwifhat, and Bonk could benefit the most from an upcoming alt season, driven by Bitcoin's potential to break past all-time highs. He also mentions that Dogecoin, Shiba Inu, and Floki Inu, while still relevant, are considered 'dino coins' with less momentum.
June 17, 2024 | 2:59 pm
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NEUTRAL IMPACT
Dogecoin, while still relevant, is considered a 'dino coin' with less momentum compared to newer meme coins.
The trader categorizes Dogecoin as a 'dino coin,' implying it is fully diluted with no attention or momentum, making it less interesting compared to newer meme coins.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Floki Inu is considered a 'dino coin' with less momentum compared to newer meme coins.
The trader categorizes Floki Inu as a 'dino coin,' implying it is fully diluted with no attention or momentum, making it less interesting compared to newer meme coins.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Shiba Inu is considered a 'dino coin' with less momentum compared to newer meme coins.
The trader categorizes Shiba Inu as a 'dino coin,' implying it is fully diluted with no attention or momentum, making it less interesting compared to newer meme coins.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Bitcoin's potential to break past all-time highs could trigger an alt season, benefiting meme coins and smaller-cap altcoins.
The trader believes that Bitcoin's historical pattern of breaking past all-time highs, along with bullish catalysts like Federal Reserve rate cuts and ETF flows, supports the thesis that Bitcoin's top is not yet in. This could trigger an alt season.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Ethereum's price increase could passively pump altcoin prices due to their pricing against wETH, benefiting the altcoin market.
The trader notes that any rise in Ethereum’s price will passively pump altcoin prices due to their pricing against wETH, positively impacting the altcoin market.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70