There has been lot of interest for #solana meme coins off late.
There's much discussion surrounding the current memecoin season. We've witnessed all the usual aspects of a crypto memecoin season: from speculative trading to numerous project launches and presales, along with a flurry of airdrops. Presently, speculative trading and presales are at the forefront. While airdrops like JUP and Wen have come and gone. We’ve even seen bigger projects like bitget introduce their own airdrop/ rewards programs with prizes for various activities such as registration, spot trading, and completing futures trading tasks.
At this point, we've experienced a wide range of events so far and comparing the current scenario to what I recall from the bullish market of 2021, it seems like we have encountered all that a memecoin cycle can offer. Consequently, I anticipate a direct transition to altcoin season. Any thoughts on this prediction? Or how much longer do you think this will last?
I agree and I don’t think it’s all temporary. Solana will probably be one of only a few altcoins to continue on its upward momentum because in my opinion, they have gone past the hype cycle and are launching and establishing projects that are very innovative and useful to a lot of investors. We can’t say the same for other memecoins, though. Lots of people are seeing more utility in latest memecoins so maybe that will change the playing field a little bit.