Degens gonna degen and honestly a lot of people are starting to cash in on it. A lot of that used to be fueled around building fake projects or projects that kind of already knew they just didn't have the development team to back it up. That was the bull run for Ethereum layer two.
Now it's just turned into a joke for the most part as meme coin after meme coin launches and a few are raking in big bucks.
I mean just the other day a 13 year old kid created a meme coin and just sold out. Its when this type of crazy starts to hit that makes me feel like we are close to the top and that might be the case. For the longest time I predicted the next bull run for Bitcoin would top out at $114,000 and we are still $15,000 away from that and already things feel rather stretched.
Now sure when Trump gets into office and things start to pass we could see a further bull run but here's the kicker I think it's going to take 2-3 years before we really see anything built and launch once these more pro crypto regulations launch it's not going to be a flip of the switch.
I'm almost predicting that we will at some point see a sell off and then a new bull run come 2026-2027 a shorter than 2 year bull run cycle. I might even push that to 2028.
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.
In any case today I want to focus down a bit on Meme coins. Full disclosure I have some meme coins and well to be honest they have actully been some of my best investments. As a quick example I picked up a ton of Pepe which has now 10x in price on average for me and honestly I'm kind of expecting for this one to continue on its way up.
Now the idea for many on the meme coin front is to 100x your investment. That means putting $1 in and getting $100 out or...
$100 into $10,000
$1,000 into $100,000
or $10,000 into $1,000,000
So you can see it's pretty much like playing the penny stock market and there's huge gains to be made. There's also the flip side of that of huge losses. For myself $100 here and there are more like play money which I totally understand I could lose it all but it also has the potential of making me a lot of money.
SPX6900
The general idea behind these meme coin is that it's suppose to flip the stock market. This token is on the Ethereum blockchain as a layer2 token. The idea behind the token is pretty good and seems to have a decent following with a decent amount of holders.
Now this one has already undergone a major movement as it moved from $0.02 in September and is currently sitting at $0.51. This however is a pull down from it's nearly $1 high so some more correction could be in there before a new pop.
APU
APU is pretty much PEPE and is a layer two token on the Ethereum blockchain. I almost feel like PEPE and APU will be follow each other rather closely. We are also seeing a ton of frog memes come out so there seems to be a rather larger community and meme behind it all.
American Coin
It's pretty clear that the USA is going to be in the spotlight for crypto over the next few years and with that it's speculated that this Solana meme coin could be a hot one as well. These types of memes however are often short lived so they are a get in and get back out style token before everyone else loses interest and starts dumping it.
Now the big thing to note here is that a lot of this is clearly launching on Solana and not Ethereum like we saw in pervious bull runs. It shows us that Ethereum actully has a bit of a run for it's money in terms of competition with Solana.
This cycle of memes, projects etc are exactly what we saw on Ethereum happen over the last 5 or so years and while Ethereum has a solid base there's now clearly decent competition in which people are going to.
All of this means that Solana could still be a decent bet even at these prices. Now while it most likely won't 100x it still has the potential of possible big gains.