The meme coin crazy has seriously been heating up this time around in the crypto bull run as a lot of legitimate projects end up falling behind and bitcoin struggles to regain $100,000 again we are seeing a massive value increase across various non "useful" meme coins which seem to be all the crazy.
We have seen massive pumps with tokens like Doge, Pepe and Shiba as the markets heat up and enter into a new phase. What is clear is this is not the start of the bull run and instead we have already been it it for some tie.
What we have been seeing that many people are not talking about is actully intuitional investing happening in these meme coins over other products which is pretty wild.
These meme coins while they might not seem like valid coins they actully provide a ton of liquidity and lower fees that many people find attractive for moving funds around.
On the flip side of that the fees normally burn these tokens off creating more value over time the more they get used and can be some of the highest value increases compared to other tokens. While it's a high risk there could be high rewards or at least the potential of it as the potential for lose is also great.
One thing is clear though that these larger investments seem to be heavy towards established meme coins over the newest flashy one which often tends to be a rug pull or insider trading.
Where Does Most Meme Coin Trading Happen
A lot of this meme coin trading still primarily falls on Ethereum while Solana has seen a massive gain in this area it still only accounts for roughly 5% of the meme coin trading going on and Coinbase is not even in the running. This shows us how Ethereum is still the go to because of the massive amount of wealth there is in that system compared to others that people are trying and attempting to tap into.
The Next Big Moves For Crypto
If they USA does enact a bitcoin strategic reserve then other countries like China would be forced to also follow this otherwise be left behind. This is why we are already starting to see countries like China stockpile the token and the crazy thing is China would most likely force all of the citizens to hand it over because well that's China life.
Stablecoins are going to get very popular and fast. It makes sense for companies to adopt stablecoins and use them in their business. Faster transactions, secure transactions and a full ledger of everything going on which the government is going to love lol This will reduce fees for things like credit card transactions which currently costs business around 3% plus $0.30 per transaction. Instead we would most likely see 1% flat across the board or even 2% flat across the board which would actully be better for businesses and customers.
And the ultimate meme of them all... Most likely the first ever ETF for a memecoin and it's expected to be DOGE which is pretty wild when you think about how it first started. It's going to be making for some rather interesting times and damn I wish I would of held on to my 500,000 DOGE I mined back in the day!
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