Dogecoin, Shiba Inu, Pepe Will Still Have Supercycle But '2021 May Never Happen Again,' Muses Trader
Portfolio Pulse from Khyathi Dalal
Prominent crypto trader Altcoin Sherpa predicts a meme coin supercycle, but it will differ from the 2021 run-up. Instead of a few coins seeing massive gains, a larger number of mid-cap coins are expected to perform well. Investors should focus on the meme coin sector as a whole.
July 16, 2024 | 12:31 pm
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POSITIVE IMPACT
Pepe is highlighted for its strong liquidity and potential for upside, making it a coin to watch in the meme coin sector.
Pepe is noted for its strong liquidity and potential for gains, making it a significant player in the meme coin market.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
Zyncoin, a small-cap meme coin, has shown significant gains, making it a noteworthy player in the market.
Zyncoin's recent performance indicates its potential in the meme coin market, making it a coin to watch.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 40
NEUTRAL IMPACT
Dogecoin is expected to remain a significant player in the meme coin market, but massive gains like those in 2021 are unlikely.
Altcoin Sherpa suggests that while Dogecoin will continue to be important, the market dynamics have changed, making massive gains less likely.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Shiba Inu, like Dogecoin, will continue to be relevant but won't see the same explosive growth as in 2021.
The market is more dispersed now, reducing the likelihood of Shiba Inu experiencing the same level of growth as in 2021.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Solana is mentioned as an example of a coin that investors should not bet all their chips on, indicating a more cautious approach.
Altcoin Sherpa advises against putting all investments into a single coin like Solana, suggesting a diversified approach.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50