Memecoins

History Suggests Bitcoin Will Be a Better Long-Term Investment Than Little-Known Coins

Published

6 months ago

27 May, 2024

History Suggests Bitcoin Will Be a Better Long-Term Investment Than Little-Known Coins

The value of some meme coins may be skyrocketing right now, but that doesn’t make them better investments than the original crypto.

Something interesting is happening in the crypto market right now. While Bitcoin (BTC 1.36%), an increase of 65% over the year, some popular coins are increasing in even higher percentages. So far in 2024, Dogecoin (DOGE 2.66%), an increase of 85%, Shiba Inu (SHIB 5.48%) is up 147% and a little known coin PEPE (PEPE 6.29%) is up almost 1,000%.

It’s starting to look a lot like 2021, when the crypto market experienced its last major bout of coin mania. While it may be tempting to invest in these hotly rising coins, history suggests that long-time industry stalwarts like Bitcoin will end up being better investments.

Short-term and long-term returns

The main problem with speculative coins is that they are built only for the short term. Yes, they can generate dazzling returns over short periods of time, but when you zoom out and consider their performance over a longer horizon, the picture appears much less appealing.

Take Dogecoin, For example. In 2021, it has seen spectacular success, rising from pennies to an all-time high of $0.74 in just a few months. But then Dogecoin crashed to earth and it is now trading at just $0.17. In its nearly 10-year history, Dogecoin has never crossed the $1 mark.

Compare this performance to that of Bitcoin, which has generated triple-digit annualized returns for over a decade. From 2011 to 2021, Bitcoin was the best performing asset in the world, and it wasn’t even close. Bitcoin has generated annualized returns of 230%, compared to around 20% for technology-intensive sectors. Nasdaq-100 hint. Yes, Bitcoin has had some tough years, but in the long run it has been good for investors.

The scarcity effect

Another factor in Bitcoin’s favor is scarcity. The total number of Bitcoins that can exist is 21 million coins. Currently, 19.7 million of them have already been mined, and the rate at which new mines are mined has halved again in the last month. This creates a real scarcity effect, especially now that large institutional investors are buying Bitcoin.

When comparing Bitcoin’s circulating coin supply to Shiba Inu’s, the contrast is particularly stark. Shiba Inu has a circulating coin supply of 589 trillion. This explains why it is very unlikely to reach a price of $1, as that would give the same coin a market capitalization of $589 trillion. For comparison, the current market capitalization of the whole S&P500 represents approximately $44 trillion.

And the story is pretty much the same with the other meme coins. The key to their early success was the release of a huge initial quantity of coins, often measured in billions of coins. This brings them to market caps in the billions of dollars, even at absurdly low prices measured in tiny fractions of a cent. This strategy can give even a coin that has only been around for a few months a market cap of over $1 billion, making it a relatively safe investment. Pepe, for example, exploded out of nowhere to become a top 25 cryptocurrency, largely thanks to its staggering supply of 421 trillion coins.

Worse yet, it is now possible to create a new cryptocurrency in just a few minutes and have it ready for trading in a few more minutes. Cryptocurrency speculators create thousands of new coins every day. If one of them attracts attention and achieves great success, it can make huge profits. And if it doesn’t, well, they only wasted a few minutes of their time creating it. So meme coins are no longer as “rare” as they seemed to be just a few years ago, when Dogecoin and Shiba Inu reigned supreme.

Dutch tulips and coins

In many ways, the current speculation around meme coins reminds me a lot of the 17th century bubble known as Dutch Tulip Mania. This is widely considered to be the first speculative asset bubble of modern times and has been brilliantly described in works such as Charles Mackay’s Extraordinary Popular Delusions and The Madness of Crowds.

For a time, Dutch traders were willing to pay absurd sums for particularly rare tulip bulbs: a single one could cost the equivalent of the annual salary of 10 skilled workers. But the story did not have a happy ending for speculators. Eventually, it became impossible to find new buyers willing to pay more than previous ones, and the price of bulbs quickly collapsed.

Bitcoin as “digital gold”

Of course, some skeptics have suggested that Bitcoin could be a Dutch tulip bulb Also. They claim that the price of Bitcoin could eventually fall to zero, eliminating speculative crypto traders.

Image source: Getty Images.

That may be the case, but I doubt it. It’s been over a decade since people started making such claims, and what was the result? Bitcoin has become more valuable, not less valuable, over time. And that’s because Bitcoin has more in common with a precious metal like gold, due to its inherent scarcity. In fact, many crypto investors often refer to Bitcoin as “digital gold.”

So, if you are considering buying meme coins right now, I only have one piece of advice for you: buy Bitcoin instead.

Fuente

Memecoins

Memecoins dominate major derivatives in terms of open interest | Flash News Detail

Published

3 months ago

1 August, 2024

TokenTalk Staff

Bitcoin Dominance May Have Peaked, Ethereum ETF Could Trigger Altcoin Momentum

Disclaimer

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

Fuente

Memecoins

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings

Published

4 months ago

1 August, 2024

TokenTalk Staff

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don't miss the winnings

August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.

The viral power of memecoins

Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.

Shiba Inu: riding the wave of popularity

Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.

Ecosystem expansion

THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.

Balancing humor and professionalism

Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.

Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.

Expanding Reach and Adoption

Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.

Why August is the month to invest

As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.

Conclusion: Don’t miss the benefits

Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.

For more information on the Mpeppe presale (MPEPE):

Visit Mpeppe (MPEPE)

Join us and become a member of the community:

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Fuente

Memecoins

Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further

Published

4 months ago

1 August, 2024

TokenTalk Staff

Solana climbs 4% on the back of rising Meme Coins and Alts

Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.

As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.

The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.

Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.

Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.

Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.

Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.

In the world of meme coins, when it rains, it rains.

Edited by Stacy Elliott.

Fuente

Memecoins

Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD

Published

4 months ago

1 August, 2024

TokenTalk Staff

Trader Says Bitcoin's Path to $100,000 Is 'Currently Programmed', Updates Outlook on Memecoin That's Up Over 18,000% YTD

A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.

Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.

“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”

Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $66,236.

According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.

Source: Altcoin Sherpa/X

Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.

Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.

Source: Altcoin Sherpa/X

POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.

Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.

“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”

Source: Altcoin Sherpa/X

WIF is trading at $2.27 at the time of writing.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp