Can Meme Coins still Catch Up With The Likes of Doge and Shib?
Can Meme Coins still Catch Up With The Likes of Doge and Shib?
Let’s be real, who doesn’t love a good meme coin story? I mean, we’ve seen those goofy tokens turn into serious cash – remember how everyone laughed at DOGE and SHIB? Now, those early buyers are probably sipping cocktails on a yacht somewhere. Anyone else digging into the meme coin scene lately? What hidden gems have you found?
Dogecoin was doing well and trending in 2022 and in the year 2023 till now the coins is not like before again and it’s like silent graveyard. Though at the long run it will still increase again. But at the moment the altcoins market is not favourable. And Dogecoin is one of the early coins that supposed do well in the ecosystem but New coins tht came recently is overtaken it. And for the Shib, it is also doing well because I checked the current market price of the coin, id it better than some projects that are in the ecosystem.
Generally memecoins tend to pump like crazy before and during a bull market. Right now the market looks like it might of topped. Bitcoin currently is testing $60k and it looks like it might break.
In a bear market or sideways markets the memecoins can pump but it won’t be to a billion market cap. It’s really tough making money in a bear market.