While the overall cryptocurrency market is showing promising signs of recovery, memecoins are witnessing remarkable surges, reflecting a renewed interest from investors seeking quick and significant returns following a phase of volatility and declining prices.
Transitioning From Bitcoin To Memecoins In The Upcoming Crypto Bull Market?
Crypto analyst Ardizor has highlighted five memecoins to keep an eye on, predicting that these assets could offer substantial returns as he anticipates the commencement of what he refers to as the “largest bull run” in crypto this October.
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According to Ardizor, Bitcoin (BTC) price cycles generally start around 170 days post-Halving event and hit their peak roughly 310 days later. He suggests that from October onward, these memecoins and the overall market may be poised for impressive gains that could exceed previous all-time highs.
Ardizor underlines that new bull runs usually commence with funds shifting to well-established cryptocurrencies like Bitcoin and Ethereum (ETH) before transitioning towards memecoins, potentially foreshadowing a revival in the sector.
Five Tokens Set For Major Upsides
Among the memecoins Ardizor mentions is Sundog (SUNDOG), which has quickly gained popularity within the Tron network. He highlights that Sundog emphasizes community involvement, striving to bring together enthusiasts and develop “an inclusive ecosystem that offers various advantages for its holders.”
Currently priced at $0.31 and up nearly 6% in the last 24 hours, along with a market cap of about $287.7 million, Sundog is recognized as one of the most promising new players in the memecoin area by the analyst.
Another token of note is Simon’s Cat (CAT), which has risen to become the largest and most recognized meme coin on the Binance Smart Chain (BNB). Ardizor points out its steady price growth, noting that Simon’s Cat is supported by the well-known Simon’s Cat brand, which has amassed over 1.6 billion views on its YouTube channel.
The memecoin boasts a market cap of approximately $280.6 million and is currently trading at $0.000040, reflecting a substantial 96% rise in the past month alone, corroborating the analyst’s belief in further price appreciation and heightened investor interest in the token.
The analyst also brings up Cate on ETH (CATE), a memecoin that emerged from the Dogeverse, inspired by a tweet from the Own the Doge social media handle.
With strong connections to Dogecoin (DOGE), Ardizor suggests that CATE captures a “spirit of adventure and innovation,” making it an appealing choice for investors on the lookout for the next significant trend in memecoins. Its current market cap stands around $16.2 million.
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Moreover, Neiro (NEIRO) is recognized as a continuation of the Doge legacy. Linked to Kabosu, the dog behind the legendary Doge meme, Ardizor asserts that Neiro embodies the “true essence of memecoins and online culture.”
NEIRO currently has a market capitalization of $341 million and has seen a remarkable 52% surge in the last 24 hours, resulting in a trading price of $0.0012, and over 2,325% in the past thirty days alone, solidifying its status as the top performer on Ardizor’s list.
Lastly, Ardizor presents the Turbo token (TURBO), a project that started as an ambitious experiment in cryptocurrency innovation. Sparked by artificial intelligence (AI), Turbo originated from a simple challenge to create the next great memecoin with just $69.
Today, the analyst notes that it has flourished as a decentralized, community-driven initiative, featuring a market cap of $387 million. Currently, TURBO is traded at $0.0062, showing impressive year-to-date gains of 8,980%.
Featured image from DALL-E, chart from TradingView.com
