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Seeing a clear resurgence in memecoins as of late:
- $BONK up 40% today alone
- $USELESS and $PEPE being up 75% and 100% respectively from recent lows
But funny enough, my safe bet on these is still Solana, my thesis being that anytime there's a proper meme run during the post Christmas/New year era, historically it's been on Sol
And instead of chasing, trying to run circles with derivates or new launches, OG plays have been the better bet.
Plus, there's still a lot of divided attention in the markets: I don't think a lot of people still believe in the "long term" vision of things.
I think majority of market participants are still skeptical and this is something you can take advantage of by staying in the one that most benefits rathet than jumping between tokens.
Might come back to this at $200 if the market rallies hard. But also keep an eye on solid $SOL plays like $HOUSE, $1COIN, and others who've established some sort of market dominance.
Would do you better to trade them than jump, let's see how the rest of it goes.