RE: Meme Portfolio Week 31 | Picking Winners is Hard !
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The way I see it, the main hope is that at one point retail really comes in which will likely make everything pump similar to what altcoins did in 2017. Right now it feels like the number of people who are actually deep into memecoins is still quite limited.
One thing is sure in that it's a ton of fun and I'm looking forward to see how it all will play out. Unless you take big risks on one coin and get lucky it will be hard to really make life changing gains with limited investment.
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There’s a memecoin in Japan gathering pace and people think it’s the mysterious Shiba Inu founder Mephisto . It’s on BSC . Called Osaka Protocol . Worth a punt .
I never heard of it but looked it up, seems like it's an ETH coin that is 1.5 years old and it was was bridged to BSC 10 months ago. On eth the market cap is 85M. Chart looks pretty good in that it's 'only up' with just a 66% correction from the previous high.
It really feels like if you think you've seen all coins with a relatively high marketcap that always more of them pop up. It really makes me wonder where the space will go as in previous cycle there were only a couple and all money went into those.