Meme super cycle, which targets are worth paying attention to?

After Trump was basically confirmed as the US President, Bitcoin continued to charge upward. After Bitcoins market share reached 60%, this rise was different from the previous ones in that it did not suck blood from the altcoins but rose together. Web3 investors seem to have discovered that chasing high Bitcoin is not the best choice at present. It is better to choose altcoins that are obviously oversold. A large number of altcoins are in the stage of undervaluation. Among them, the most violent rebound is Meme coin.

As Murad said in a post on social media, Understanding that Meme is an unstoppable tokenized community is the real enlightenment. We are in the early stages of the Meme coin super cycle.

Binance, the leading CEX, has also recently launched a number of new meme coins. The meme culture is still in a stage of continuous development, from the earliest meme coins Doge and Pepe, these already popular Internet animal meme images and their related products Bome, etc., to the recently popular new concept AI Meme GOAT, ACT, etc., and some new animal meme images, Neiro, Mew.

In this article, we will compare in detail the rebound of these meme coins since Trump took office and their current market value.

Dog Series

DOGE

DOGE is the earliest meme coin and the beginning of meme culture. Elon Musk is behind it. Elon Musk once claimed that DOGE would reach a price of $1 per coin. Trumps campaign success is inseparable from the effect of Elon Musks gold medal assistance. The market hype about DOGE is also extremely enthusiastic. Since the crypto market responded to Trumps campaign, that is, since the US trading time on November 5, DOGE has risen by as much as 78.19%, and its market value is now reported at $41.141 billion, currently ranking sixth in the market value ranking.

NeiroCTONeiro

Neiro, the new Shiba Inu who succeeded Doge after his death, has been very popular since the coin was issued. Many people in the market think that Neiro will copy Doges myth of getting rich. There was even a dispute over whether it should be capitalized or lowercase on Ethereum. Since the crypto market reacted to Trumps campaign, that is, during the US trading hours on November 5, NeiroCTO has risen by as much as 119.71%, with a market value of $1.02 billion, and Neiro has risen by as much as 60.77%, with a market value of $93.86 million.

WIF

DogWifHat can be regarded as the best performing meme coin on CEX in 2024. After listing on Binance contract at a price of $0.3, it reached a high of $4.8 after a brief consolidation, with a maximum increase of 16 times. The legendary trader Nachi made a maximum profit of more than 20 million US dollars on WIF. WIF is currently the leader of the Solana ecosystem meme with the largest market value. Since the crypto market responded to the Trump campaign, that is, the US trading time on November 5, it has risen by as much as 54.44%, and the market value is now reported at 3.01 billion US dollars.

Frog Series

Pepe

Pepe is a very popular meme on the Ethereum network in 2024. The frog Pepe itself has been very popular on the Web2 and Web3 networks. As an old meme, its performance this year is also quite outstanding. In conjunction with the excellent performance of Bitcoin from February to March, it has also experienced a main upward trend. From the response of the crypto market to Trumps campaign, that is, since the U.S. trading time on November 5, the highest increase has been 59.45%, and the market value is now US$5.1 billion.

Bome

Bome is also Solanas on-chain Golden Dog in 2024. It comes from the Book Of Meme created by an artist based on the artistic creation of frogs. It aims to record all meme culture and has set a record of being on the top CEX in three days. Since the crypto market reacted to the Trump campaign, that is, the US trading time on November 5, it has risen by as much as 40.00%, and the market value is now reported at US$640 million.

Other animals

RATS

RATS is the inscription on Brc-20, and is also called the most popular meme by many people. After SATS and RATS were launched on Binance, the popularity of the inscription gradually declined. After a short surge, it gradually fell. In the anti-VC frenzy in June, RATS rose by 70%, but ultimately did not continue the upward trend. Since the crypto market responded to Trumps campaign, that is, the US trading time on November 5, the highest increase was 56.22%, and the market value is now reported at US$121 million.

MOODENG

Moo Deng is a cute hippopotamus in a Thai zoo. The Thai Embassy in Tokyo and the cosmetics company Sephora Thailand have interacted with it. In addition, well-known media such as CNA (Channel News Asia), US TODAY, and NBC have also frequently published special reports on the hot discussions caused by Moo Deng in recent days. It has also become the number one token launched on pump by market value. Since the crypto market reacted to the Trump campaign, that is, since the US trading time on November 5, the highest increase was 199.94%, and the market value is now reported at US$351 million.

Pnut

Pnut is the name of a small pet that mechanical engineer Mark Longo brought home to raise after witnessing the mother of a small squirrel die in a car accident more than seven years ago. On October 30, officials from the New York State Department of Environmental Conservation arrested Peanut and euthanized him without a search warrant. Peanut is considered an illegally raised wild animal, but the public does not agree. The American satirical news website Babylon Bee said, Radical squirrels wearing MAGA hats have begun to revolt. Elon Musk has also posted on social media many times to support Peanut. This controversy about Peanut has been reported as an abnormal campaign against the Democratic Party and even a weapon of public opinion in political competition. At 13:38 Eastern Time on November 11, 2024, Binance announced the launch of Pnut, and Pnut soared in response, with the highest increase of nearly 4 times.

「AI Meme」

GOAT

GOATs full name is goatseus maximus, which was thought up by truth_terminal (an AI bot that was once invested in $50,000 worth of Bitcoin by a16z founder Marc Andreessen). As the leader of AI meme, it has many legendary traders behind it, such as Eugene Pigeon and Nachi. After a slight decline after listing on Binance, it quickly reversed. Since the crypto market reacted to Trumps campaign, that is, since the US trading time on November 5, it has risen by as much as 90.5%, and its market value is now reported at $840 million.

ACT

ACT is a coin that helps and makes ampdot work known (ACT 1), because ampdot is Chad brokie, a researcher whose work is changing the space of AI social agents. On November 11, 2024 at 13:38 Eastern Time, Binance announced the launch of ACT, and ACT soared in response, with the highest increase close to 10 times. AI Memes Dragon 2 seemed to be the winner after this announcement.

Whether it is the most original and most recognized narrative of meme culture, animal narrative, or the new narrative AI meme; whether it is the so-called old meme or the recently released new meme. It is not difficult to find that meme culture has always been a narrative that is very recognized by the market. Most meme coins in CEX have rebounded better in BTC than most other altcoins.

As Murad said, we are experiencing the SuperCycle of Meme. Meme coins are undoubtedly a very important component of asset allocation in Web3. Both decentralized and centralized exchanges are catching up with the trend of Meme coins, and Meme coins have also produced an excellent wealth effect. We in the Meme SuperCycle can increase our attention to Meme over a longer period of time, search for new narratives on the chain, which may be new developments in AI memes or completely new stories; find Meme coins with stronger market consensus in CEX and obtain Alpha returns that exceed BTC.

This article is sourced from the internet: Meme super cycle, which targets are worth paying attention to?

Related: The situation has reversed, is the rising tide of liquidity in the East coming?

Original article by Sean Tan, Primitive Ventures Original translation: TechFlow As a multi-strategy investment institution that does not stick to a single asset, our investment philosophy is not just about finding opportunities. We value how to build an investment framework that can predict and adapt to future market changes, and constantly seek the best balance between risk and return. What attracts us most are often those opportunities that are misunderstood or ignored by most market participants. Based on the experience in the foreign exchange and cross-border markets over the past decade, we have found that the transfer of liquidity or sudden external shocks are often the best catalysts. These major events often force market participants to adjust their portfolios quickly under tight time pressure. When large amounts of money scramble…