solana:9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump.
imagine the smell. https://t.co/Q7nosJN7Pc
solana:9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump.
imagine the smell. https://t.co/Q7nosJN7Pc
fartcoin to $500m - $700m is a nice target on a SOL mean reversion play
but where does it go if SOL heads back to all time highs...
believe in something
misc largecap memecoins form the past generation - using fartcoin as an example:
BTC turns around, and sol turns around (even on a weak-case scenario echo pump, for the sake of argument), would bet this ends up here, which is a multiple on its sol pair, and a 5-8x on its USD pair.
again, this isn't moonboy hopium targeting fresh highs, a sweep of its prev high, or even *remotely close* - this is like 30% of its way to prev ATH.
invalidation for these plays is basically "asset class as a whole is done, 4 year cycle broken, and we enter a half decade+ or permanent winter"
2024 was such a wild time to be in Crypto, but sadly like most macro trends (ICOs, Altcoins, NFTs, Ordinals, InfoFi) we likely never have a 'memecoin supercycle' again.
Why? Too many tokens, liquidity is too scattered, attention even more scattered. Trading is all about manipulation now, not believing and holding. Platforms extracted billions that will never see the industry again and people got hurt badly by all the manipulation.
There will always be memecoin runners, but I doubt we see 10+ tokens trade in the billions at the same time again. Which memes today could be trading in the billions in the next bull market?