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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 don't know if this is the case all the time, but altcoin season happens when Bitcoin's price went up significantly already. Well after all, the movement of altcoins follow the movement of Bitcoin like what's happening currently. We've seen a huge drop on the price of Bitcoin, so does the altcoins. Now we've seen a significant increase on the price of Bitcoin, so does the altcoins.
As for the meme coins, most of them will just follow the movement of other altcoins. Those top meme coins will be follow the movement of other top altcoins. As for meme coins in general, after the cycle, it's either some of them will stay, develop, and make some upgrades on their projects, or they will rug pull their investors. I mean we've seen many meme coins did it already in the past, but we might see new meme coins that will stay on the top 200 in terms of market cap, and will constantly upgrade their project like what we've seen with SHIB, FLOKI, and PEPE in the past.