Altcoin Season and Meme Coins: An Expert Analysis
The recent 15% surge in Ethereum’s price has sparked optimism in the altcoin market, with many experts hinting at a brewing altcoin season. As the altcoin index rises and Bitcoin’s market share decreases, traders are looking for the next big thing. In this analysis, we’ll explore the meme coin sector, which has provided the biggest returns during bullish periods, and highlight three meme coins to watch: Pepe Unchained, CatSlap, and Crypto All-Stars.
ETH Rallies While BTC Stalls
Ethereum’s growth has a significant impact on lowering Bitcoin’s market share, which is fundamental to an altcoin season. This week, Ethereum rallied 15% to $3.6K, while Bitcoin is down 1.53% in the same window. Traders track Bitcoin’s market share and the progress of altcoin season via the “Bitcoin dominance” chart.
As noted by Lark Davies, Bitcoin dominance is decreasing, while the altcoin index is rising. Meanwhile, analyst Sensei pointed out that the total crypto market cap (excluding Bitcoin) is breaking out similarly to just before the 2021 altcoin season. These indicators suggest that the next major altcoin rally is upon us.
Meme Coins to Watch
- Pepe Unchained: An Ethereum layer 2 blockchain that offers 100x faster speeds and is much cheaper than the Ethereum main network. It aims to be the home for meme coins inside the Ethereum ecosystem. Currently, Pepe Unchained is undergoing a presale, which has raised over $55 million to develop its blockchain.
- CatSlap: A cat-themed meme coin that offers multiple features, including the CatSlap Slapomter gamified experience and staking. It recently underwent a selloff and redistribution phase, creating a healthy price chart ahead of the next leg up. CatSlap is available to buy on the decentralized exchange widget on its website or via the Best Wallet app.
- Crypto All-Stars: A unique cryptocurrency that lets users stake their meme coins for passive rewards. The platform pays STARS tokens to those who stake DOGE, SHIB, PEPE, BONK, and others. Currently, STARS staking offers a 310% APY. Crypto All-Stars is a unique crossover of meme coin and utility token, making it appealing to a wider range of investors.
Actionable Insights and Predictions
Based on the analysis, here are some actionable insights and predictions:
- Buy Pepe Unchained: With its fast speeds and low costs, Pepe Unchained is a promising project that could become the home for meme coins inside the Ethereum ecosystem. Its presale has raised over $55 million, and it’s expected to list on exchanges soon.
- Keep an eye on CatSlap: CatSlap’s recent selloff and redistribution phase have created a healthy price chart, and its unique features, such as the CatSlap Slapomter gamified experience, make it an attractive investment opportunity.
- Invest in Crypto All-Stars: Crypto All-Stars’ unique crossover of meme coin and utility token makes it appealing to a wider range of investors. Its presale has raised $6.4 million, and its STARS staking offers a 310% APY.
Conclusion
The recent 15% surge in Ethereum’s price has sparked optimism in the altcoin market, and the meme coin sector is expected to provide the biggest returns during this altcoin season. Pepe Unchained, CatSlap, and Crypto All-Stars are three meme coins to watch, each with its unique features and investment opportunities. As the altcoin index rises and Bitcoin’s market share decreases, traders are looking for the next big thing. By keeping an eye on these meme coins, investors can position themselves for potential gains in this altcoin season.
