Despite the market, memes are still delivering. I've noticed many trending tokens like CHEEKS, MICHI, and JASON, mostly celebrity memes. They're some of the funniest I've seen, especially APECOIN, which playfully equates "aping" with investing. However, beyond the humor, APECOIN isn't just a typical meme. It tells a story of determination, depicting a primate's journey and the challenges it faces in its quest to reach the moon.
I love the idea of profiting from them short-term as more people discover them on social media, which can drive the price up. Even though I know memecoins are high-risk and not worth holding long-term, it's kind of like gambling. Do you think we'll see new narratives for memecoins?
Please DYOR and don't take any of this as investment advice. I'm curious about the new narratives emerging for memecoins. I also find the excitement of getting into early projects quite interesting.
That's because small/microcaps don't necessarily follow overal trend. Smallest amount of money flowing in or out can move them drastically because there's no real liquidity. But when the overal market is bullish as hell, these small caps are often used for flipping bags and they are definitely not suitable for long time hodl, because all the money will flow to popular coins and tokens.
Even trying to do short term flips with microcaps during overall altcoin fomo is way more dangerous then investing to steadily growing mid or large caps.