Can a Crypto Newbie Make $300K from a $2K Investment in Meme Coins Over 180 Days?
The post Can a Crypto Newbie Make $300K from a $2K Investment in Meme Coins Over 180 Days? appeared on BitcoinEthereumNews.com.
After reaching two market cap peaks—in early April and late May—meme coins appear to be rebounding, aiming to cross the $60 billion threshold. If this happens, could 2024 witness a ‘Memecoin Summer’ before it concludes, influenced by the Halloween Effect? Numerous traders have succeeded in reaping lucrative gains over the past months by HODLing through the memecoin frenzy and zealously betting on price pumps. Remarkably, dominating market dynamics, Solana memecoins have ranked at the top in popularity and gains. Despite being extremely volatile and risky, memecoins have become one of the most preferred or adopted crypto assets among newbies and seasoned pros. This article will uncover mid- to small-cap memecoins that have shown a bullish trajectory over the past days and months. DISCLAIMER: The opinions expressed in this article are those of the author and do not constitute investment or financial advice. TheNewsCrypto team strongly advises all readers to conduct their own research and exercise caution before investing in memecoins. Let’s delve into and briefly analyze the current market dynamics of the following popular memecoins. Moo Deng (MOODENG) RANK (w.r.t MCap) 219 CURRENT PRICE $0.2102 All-time High (ATH) $0.3428 (Sep 28, 2024) 7-DAY SURGE 147.85% 30-DAY SURGE 508.03% MOODENG, Solana-based memecoin inspired by the viral Thailand hippo, took over the meme realm in early September and fueled quite a frenzy. Holding the 219-nth largest market capitalization — $207.46 million— the hippo-themed memecoin trades at $0.2097. MOODENG Price Chart (Source: CoinMarketCap) MOODENG noted impressive rallies over the weekly and monthly timeframes: 147.85% and 508.03% respectively. However, over the past 24 hours, the memecoin plummeted 7.89%. Goatseus Maximus (GOAT) RANK (w.r.t MCap) 97 CURRENT PRICE $0.6517 All-time High (ATH) $0.6971 (Oct 24, 2024) 7-DAY SURGE 75.97% 30-DAY SURGE 566.64% Goatseus Maximus (GOAT) was one of the most viral memecoin launches. Debuting in…
Filed under: News - @ October 28, 2024 8:23 pm