I try my best to sometimes change my style of trading to focus on token niche sometimes and regroup to look for what works per season.
Memecoins are a form of token and you can further regroup them into BSC, ETH or Solana Tokens based on their build.
If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.
I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?
Source;
https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=ampFor me, grouping tokens is much needed when thinking of holding for the long term and simply growing my portfolio. Exchange tokens like $BGB and $MX highlighted in the Coingeck report have showed good potential. With Bitget emerging as the second CEX with the highest increase in trading volume in Q2, it is expected that the platform token $BGB would appreciate over time as the platform consolidates and expands its services. But having a variety of tokens like this in your bag would be a necessary approach to benefiting in any increase in value.
For meme coins, it is largely based on speculations. New ones are emerging daily, thereby making the older ones unpredictable except the teams can be trusted to keep working.