Memecoins
Piggy Bankster ($PIGS) and the Power of Memecoins Fair Launch in 2024
Welcome to the memecoin supercycle. Memecoins have consistently outperformed every other vertical, and while BlackRock is funneling users into Bitcoin ($BTC) and soon Ethereum ($ETH), on-chain degens are making crazy returns. This cycle is significantly different from 2021, with greater dispersion of returns; The simplest thing an investor can do is listen to the markets.
Markets screamed that memecoins were the winners of this cycle, and even institutions started buying. Over the next twelve months, anyone can turn four digits into six digits, as long as they have a chain wallet and this dog in it. THE best memecoins to buy are fair launches, and today we explore why fair launches outperform with a focus on Piggy bank ($PIGS).
Why Fair Launches Overperform
Crypto’s best qualities are the open and permissionless nature of its markets. These attract global capital flows and allow everyone to participate in early stage investments. This was very much the case during the ICO boom of 2017. Everyone got in at the ground level. Typically in TradFi this type of investment is reserved for VCs or accredited investors. Retail does not have access to it.
Unfortunately, in the altcoin markets, since the SEC effectively made ICOs illegal, early-stage price discovery has been occurring in private markets. Venture capitalists profit from all the initial gains from major altcoins. What did the investors do? Altcoins significantly underperformed memecoins as regular investors refused to buy bags of venture capital.
During the last cycle, alts were among the best cryptocurrencies to buy. This cycle, new layer launches like Sei ($SEI) and even the upcoming Monad are expected to perform poorly. For what? Price discovery took place in private markets. What is the antidote to all these problems? Fair launches.
Memecoins, especially fair launches, have crypto in a chokehold. A fully circulating supply at launch allows for fair and honest price discovery with demand (buyers) and supply (sellers) openly interacting. The net result was explosive price action for all memecoins implementing this launch strategy.
A fair launch also leads to distributed ownership, which has proven to be the number one characteristic of a successful memecoin. $WIF, $POPCAT, $BODEN and all other top performers share this trait. Open price discovery is what defines the best cryptos to buy now.
Piggy Bankster ($PIGS): the next breakout star?
Piggy Bankster started building a community and was chosen as one of the best memecoins to buy this year due to its fair launch properties and branding. Memecoins don’t need to be complicated and $PIGS oozes class. Building a community from the start shows that the team understands the importance of the social layer and that branded one-liners are great.
Why are analysts betting $PIGS will be the first pig-themed token to hit $1 billion?
“Every pig has its day, and today is mine.” Piggy bank Piggy bank.
Many try to overcomplicate memecoin trading. All a token needs to be successful is good branding, good optics, and following a fair launch mechanism. Piggy Bankster will launch with a fully circulating supply and price discovery will be out in the open. He’s following the same path as dogwifhat, Popcat and all the other overachievers this year. Analysts calling it one of the best memecoins to buy should not be ignored, and $PIGS is ready to fly. Pig season is about to begin. Do you have your ticket?
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Disclaimer: Information provided by crypto industry participants and is not part of BanklessTimes editorial content.