Crypto analyst Altcoin Sherpa thinks meme coins are going to have a comeback, but it won’t be like the wild ride we saw in 2021.
The 2021 Meme Coin Mania is Over
Remember when Shiba Inu (SHIB) went up a crazy 46,000,000%? Well, Altcoin Sherpa says those days are gone. He thinks the market is too crowded now, with too many meme coins vying for attention. There’s just not enough money concentrated in one place to create another massive pump like SHIB.
The New Meme Coin Landscape
Instead of one or two coins going on a wild ride, Altcoin Sherpa expects a more spread-out boom. He thinks about 15 mid-cap meme coins could see their prices increase tenfold, while a few lucky ones could even multiply their value by 50!
Meme Coin Investing Advice
While Altcoin Sherpa doesn’t think we’ll see another SHIB-style explosion, he still recommends getting some exposure to the meme coin sector. He believes there’s still plenty of potential for gains, and there’s a meme coin out there for every risk tolerance.
- Big Whales: Dogecoin and Shiba Inu are for investors who are willing to take on less risk, as they have less room to grow.
- High Liquidity: PEPE, Dogwifhat, and BONK are for those who want more potential upside.
- Mid-Caps: There are plenty of mid-cap meme coins that could still reach a multi-billion dollar market cap.
Overall, Altcoin Sherpa thinks the meme coin market is going to be more diverse and less concentrated than it was in 2021. While the days of massive, single-coin pumps may be over, there’s still plenty of opportunity for investors who are willing to do their research and find the right meme coin for them.
