Dogecoin, Meme Coins Expected To Lead Altcoin Season
Crypto Analysis Reveals Insights on Meme Coins and Altcoins in the Upcoming Bull Run
A crypto analyst, known as Vapor, has recently shared his perspective on how meme coins and altcoins will perform in the upcoming bull run. According to Vapor, well-known meme-based cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI are termed as "Dino Coins." These tokens could potentially skyrocket during the altcoin season.
Blue Chip Meme Coins Poised for High Gains
In an extensive post, Vapor provided detailed insights on the market's bullish outlook for meme coins like PEPE, Dogwifhat (WIF), BONK, Dogecoin, Shiba Inu, and Floki. He referred to these as “blue chip” meme coins, acknowledging their stability and acceptance in the market due to their large communities and listings on major Centralized Exchanges (CEXs).
Vapor also described these meme-based cryptocurrencies as “Dino coins”, meaning they are fully diluted yet lack market attention or momentum. This is often true as meme coins can be overlooked during bearish periods but gain renewed interest once the market turns bullish again.
High Potential for Astronomical Rallies
The advantage of blue chip meme coins, according to Vapor, is their ability to “catch high multiples.” This suggests that meme coins have a higher chance of experiencing astronomical rallies to new highs compared to most altcoins, offering investors significant financial opportunities. However, it's crucial to note that meme coins are highly volatile and speculative, making them prone to steep declines, which can lead to significant losses for investors.
Leading the Altcoin Season
Vapor has predicted that blue chip meme coins will be at the forefront of the altcoin season, benefiting the most from the bull run due to their increasing demand and popularity among crypto investors. He pointed out that meme coins were the top choice for most investors rather than altcoins, citing low dilution and mass appeal to retail investors as key reasons.
Additionally, he highlighted the massive rally of Dogecoin and Shiba Inu during the last bull run in 2021, indicating their potential to surge again in the upcoming altcoin season. Vapor suggested that even if new altcoin categories emerge, retail investors will likely flock to CEX-listed meme coins, just as they did in the 2021 bull run.
Altcoin Season Dependent on Bitcoin's Performance
In his analysis, Vapor provided a price chart showing altcoins' performance against Bitcoin's dominance. He disclosed that Bitcoin needs to surpass its all-time high above $73,000 for the altcoin season to begin. "If the top is already in for Bitcoin this cycle, then altcoins are officially doomed and we can pack it up," Vapor stated.
However, he disclosed that Bitcoin has not yet reached its peak, citing upcoming factors like Federal Reserve (FED) rate cuts, Spot Bitcoin ETF inflows, and the upcoming US presidential election as triggers for Bitcoin's potential rise to new all-time highs.
Ethereum's Role in the Altcoin Season
Vapor also mentioned that inflows from Ethereum Spot ETFs could see significant wealth flowing into Ethereum and various other altcoins. He stressed that the existence of an altcoin season isn't in question, but the magnitude of this season remains uncertain.
In summary, Vapor's analysis indicates a promising outlook for meme coins and altcoins in the next bull run, emphasizing their potential to offer substantial financial gains to investors during the altcoin season.
