Memecoins
Best Memecoins to Buy Now
Crypto recently had its best regulatory and political week on record, with the FIT21 bill passing, the SEC making a last-minute U-turn and approving the Spot Ethereum ($ETH) ETF, and Trump and Biden each other. fighting for the crypto vote. Which altcoin will get the green light for a Spot ETF product next?
Markets and investors are placing their bets and Solana is already preparing for an ETF. This will put its ecosystem into overdrive, and analysts are scrambling to estimate the effect of a TradFi offering on memecoins. It’s time to turn on the spotlight Piggy bank ($PIGS)one of the best memecoins to buy this trimester.
Solana ($SOL) Are you preparing for a spot ETF?
Markets are inherently forward-looking, and although the Ethereum Spot ETF has yet to begin trading, investors are already looking to wait for the next altcoin awaiting approval. Colloquially referred to as the big three of this cycle, after $BTC and $ETH, $SOL are the leaders of this cycle, and since the first two already have a Spot ETF product, it makes sense that Solana would be the next pick.
Traders are currently speculating on this outcome. Remember that the purpose of any ETF product is to provide simple access to an investment/asset. So, demand drives ETFs. Solana is the most sought-after crypto asset without a Spot ETF and, therefore, the next and most natural competitor. Brian Kelly, founder of BKCM, made precisely this comment while speaking on CNBC recently.
Bloomberg analyst James Seyffart agrees. He further indicated that the adoption of FIT21 would help accelerate this process. However, he said the first step in gaining approval would be a CTFC-regulated futures market for Solana. ETF issuers make money through fees and market activity. They simply list the most sought-after assets. A Solana Spot ETF is inevitable. The only consideration is the deadline.
It goes without saying that a Spot ETF for Solana would create a drastic wealth effect. Investors would use their new wealth to speculate, and memecoins would go parabolic. Tokens like Piggy Bankster would be the biggest net beneficiaries.
Piggy Bankster ($PIGS) ready to dominate the meme markets
Piggy Bankster has risen through the ranks to become one of the best memecoins to buy, and his organic approach to building and growing a community has not gone unnoticed. But the real reason why analysts are expecting a massive increase in the value of $PIGS is its 100% fair launch mechanism. It follows in the footsteps of all the top-performing memes this cycle, and the community buzz makes $PIGS one of the best cryptocurrencies to buy right now.
Experienced investors may not understand why the top 10 cryptos to buy now are all memecoins, and it all depends on market dynamics. Venture capitalists made new altcoins impossible to invest in, and all price discovery took place in private markets with various funding rounds. Memecoins launch with a fully circulating supply, and investors do not have to worry about unlocks or overhangs.
Memecoins are the perfect extension of open, permissionless markets and have become leveraged plays on their underlying blockchain. Piggy Bankster’s resounding success in building community and suave branding puts it ahead of the rest, and anyone who is bullish on $SOL is de facto bullish on $PIGS. Several price predictions have already estimated that $PIGS could rise 100x in the coming weeks, given its small market cap size at launch.
Why a Solana Spot ETF is Bullish for Memecoins
A Solana Spot ETF would send memecoins into absolute parabolic madness. The real problem investors will face during this cycle will be selling too early and not letting the winners escape. When a project like Piggy Bankster comes with clever branding and a knack for building an engaged community, you want to get involved.
Ranked among the best memecoins to buy this quarter, all that remains to be seen is how high this little piggy can fly. Don’t get caught out of the game as pig season begins soon. This is your chance to be early for Solana’s next big memecoin.
Do you want to know more about Piggy bank ($PIGS)? Join community here.
Disclaimer: Information provided by crypto industry participants and is not part of BanklessTimes editorial content.