The post Trump’s Win in the US Could be a Catalyst for the Next Crypto Bull Run: How Memecoins Stand to Gain appeared first on Coinpedia Fintech News
Trump has just won the US Presidency, elected to his second term after a victory over the Democrats. It’s a joyful day for crypto enthusiasts in particular, as you may remember Trump’s promises of being pro-crypto and launching a strategic national crypto stockpile post win. Expecting the win for the Republicans, Bitcoin already touched an all-time high on Tuesday night, going past $75,000! The crypto market could only go up from here, beginning a new ascent into the next bull run.
In the last bull run of 2021, we saw DeFi taking precedence as Bitcoin stepped back a little as the prime focus during a market rally. This time around, DeFi is expected to resume its role, with other sectors like memecoins coming into play.
Memecoins spearheading next bull run
Here we ask you to take a look at the 2024 Q3 crypto industry report shared by CoinGecko in October. The top three crypto narratives were memecoins, Solana meme coins, and AI, as you can see in the image below.
Notably, memecoins and AI remained in the top three in Q1 and Q2 as well, sealing both in as trending crypto categories. Meanwhile, Bitcoin continues to stabilize as an asset class, slowly trading away its trademark volatility for reliability as a store of value. Put two and two together, and you will realize that young, promising crypto narratives like memecoins and AI will take charge in the next bull run, and Bitcoin’s price movements will not remain the sole indicator of major market shifts in the coming times.
Now, what’s interesting is the emergence of Solana memecoins as a top narrative of its own in Q3. Memecoins have gained popularity due to a unique blend of gen-z humor and FOMO. More often than not they are a reference to recent pop culture phenomena, which is how they generate a lot of hype, and people tend to buy them quickly to become one of the ‘insiders.’ With tight-knit communities, memecoins are showing significant returns.
Meanwhile, memecoins on Solana in particular are grabbing attention as Solana is an exclusive blend of high TPS and low transaction costs, achieving convenience no other contemporary has been able to match just yet.
Let us tell you about our top 3 memecoin picks before the next rally:
Top 3 memecoins to watch out for as the next crypto bull run approaches
FOMO.fund ($FOMO)AI agents on blockchain are gaining popularity, as they simplify blockchain for a wider user base and bridge the AI and web3 sectors. Blockchains provide a decentralized environment for AI agents to flit through, and a degree of autonomy no traditional web2 setting affords such agents. In return, AI agents take up complex tasks and do everything from helping web3 users with research to tracking the latest news to completing generating and transferring value on their behalf.
FOMO.fund is a leading memecoin launchpad on Solana, and it has also recently announced the world’s first AI agent launchpad on Solana. This means the project has artfully combined the currently trending memecoin and AI sectors.
With FOMO.fund, users can create their own tokenized AI agents in under a minute. These virtual entities can do anything from learning and interacting to performing various tasks. Further, they can even become social media influencers and create content surrounding crypto tokens on X, TikTok, YouTube, and more!, engaging with the respective communities!
If you want to be an early bird to FOMO’s AI agent token launches, you can join the $FOMO presale currently live. The project promises 15% of the entire $FOMO supply to early community members joining during the presale! Remember, the sale is only active until November 7, and the $FOMO tokens up for it might sell out sooner.
We expect $FOMO prices to soar during the coming bull run given its strong fundamentals, so hurry up!
Pepe Unchained ($PEPU)Another memecoin to adopt a very popular internet meme, $PEPU recently concluded a presale that hit a $23 million milestone. Differentiating itself from most competitors, $PEPU has also introduced a layer-2 blockchain solution, adding an actual functionality to humour and the traditional charm of memecoins.
Recently launched, $PEPU has a similar appeal to $FOMO mentioned above, and promises good returns.
Popcat ($POPCAT)Being a cat-themed memecoin in a world swimming with dog-themed ones, Popcat caught on pretty quickly. The crypto is created after the internet-celebrity cat called Oatmeal. $POPCAT earned listings on Binance Perpetuals soon enough, and there are rumours that it might soon get listed on A-listers like Coinbase and Binance Spot, which means this is yet another crypto expected to provide good returns in near future.
You should note that compared to $POPCAT and $PEPU, both established crypto, $FOMO brings an extra advantage of being a pretty new project. Early investors can expect to see explosive growth on their investments as the next bull run approaches! That being said, take all investing advice given to you with a pinch of salt and DYOR before you dive into investments!
Happy investing!
