As a crypto investor with some experience under my belt, I find the bullish case for meme coins presented by Andrew Kang and other analysts quite intriguing. Meme coins have been a significant part of the crypto market’s narrative this year, and their potential to make new highs before the end of the year is an exciting possibility.
Andrey Kang, a well-versed cryptocurrency authority, has put forth an optimistic perspective on meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). He posits that these tokens could potentially yield the most significant returns during the projected year-end surge in the crypto market.
Meme Coins Still Have More Room To Run
As a researcher, I’ve come across Kang’s recent post on X (previously Twitter) where he shared his perspective on meme coins. He indicated that these coins might be responsible for the majority of cryptocurrencies with the potential to reach new highs in the current market conditions. With hundreds of meme coins available, however, Kang emphasized the importance of being selective when choosing which ones to invest in. In addition, he expressed his belief that over 98% of altcoins have already peaked during this cycle and only a small number may manage to make new highs by the year’s end.
As a researcher studying the cryptocurrency market, I’ve come across Kang’s perspective that Dogecoin could reach new height levels by the end of this year or the beginning of the next. He’s been vocal about his belief that Dogecoin might be included among the crypto assets with an Exchange-Traded Fund (ETF). More recently, he expressed optimism regarding the “brightening odds” for a Dogecoin ETF due to approaching regulatory clarity.
During their assessments, various crypto experts predict that Dogecoin could reach greater heights within this ongoing bull market. Notably, Crypto Kaleo, a renowned crypto analyst, posits that Dogecoin will surpass Bitcoin in value during this market cycle. He holds this belief due to the current meme trend and his conviction that “the leading meme asset won’t be left behind.”
Crypto expert Kevin, previously known as OG Yomi, and analyst Altcoin Sherpa both expressed optimistic views about Dogecoin’s potential growth in 2021. They believe that Dogecoin could outperform Bitcoin with significant gains. Additionally, Altcoin Sherpa considers Dogecoin a low-risk investment opportunity during this market cycle.
Others Are Not Left Out
Expert: Meme coin specialists have put forth optimistic arguments for the leading meme coins besides Bitcoin, such as Shiba Inu and Floki (FLOKI). For instance, analyst Javon Marks anticipates that the second largest meme coin by market value will eliminate another zero in its price and potentially reach a peak of $0.0001553 during this financial trend.
As a crypto analyst, I’ve been closely monitoring the price movements of Shiba Inu. Based on my Elliott Wave Theory analysis, I believe this meme coin is poised for a new all-time high (ATH) as early as September. The reason being, I anticipate that Shiba Inu will make its next parabolic move to the upside during this period.
As a researcher studying the crypto market, I’ve taken a closer look at FLOKI, the popular meme coin. Based on my analysis, I believe this digital asset has the potential to make significant gains by the end of the year. In fact, a substantial portion of my own meme coin investments is currently allocated to FLOKI.
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2024-07-11 07:11