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?
Yes the trend on crypto market comes and goes and meme coins move in the fast lane. There are hundreds of memecoin everyday and a few of them achieve 1000x+ growth in matter of days and are dumped to nothingness. Rarely there are coins that gains popularity and stays pumping and dumping for a couple of months.
And there are a few unique coins that make it to the mainstream exchanges and remains as popular coins for years like PEPE and Shiba Inu. WIF, FLOKI and BONK are newer addition that are holding on. And we have a rare case of BOME, not sure how they did it but it got to get listed on exchange like Binance and Kucoin in a matter of day. Not sure how long they'll be significant.