Degen Meme Coin Thread

Diadem

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Thought this should be a separate thread from the Bitcoin and Crypto thread, since we would likely get shouted down over there where more serious discussion is taking place. Post your picks.
 
Been following some guys who have been trading these coins on Solana. The term they use to refer to them tell you all you need to know about their long-term lifespan.

The action has gone heavily onto Solana, as the TX fees are something like $0.00025 - a 50th of a cent. So it's been pulling in guys from lower income countries like India, Thailand and Vietnam, for whom paying $4-10 for a transaction on BTC or ETH is prohibitive.

These are two they are still looking at:



They have played some that have 10-100Xd. Mainly Silly in the last category. Some think it's going to a billion.

I think you want to look at buying the main DEX and meme coin on emergent L1 + L2s.

My choices here are: ETH, SOL, Stacks, Alephium.

The tide has largely risen on SOL. You might get a pullback to get in on Raydium. Memes now saturated.

The Stacks DEX (ALEX) has 48X'd to ATH and the meme token WELSH has just taken off. Probably too late for the DEX on a pullback, but WELSH might have an entry.

Still early days on Alephium - has a lot of features like low proof of work that have caught the eye of whales, but chain is still low cap. The main DEX Ayin is currently $300K market cap. Not sure on the memes, which are on Ayin.

I highly recommend getting an Alephium stack and putting half into Ayin. Most feasible 1000X that I know of.

1) buy the Alpheium ETH token from Uniswap
2) go to the Alpheium official site, open the bridge page from the top and download the browser extension
3) setup your wallet, backup the seed
4) on the bridge page, connect you ETH wallet with the Alpheium in it, exchange it for native Alpheium into your Alpheium browser extention wallet
5) takes about 15 minutes to go through and then there is a redeem button
6) go to the AYIN site and on the swap page, swap some Alpheium for $AYIN
7) there is a page something like xAYIN to stake for about 50% APY/APR
 
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I'm glad I didn't post my pick because it appears to be going to zero. $TRUMP might still have some legs in the coming year tho.
 
Still early days on Alephium - has a lot of features like low proof of work that have caught the eye of whales, but chain is still low cap. The main DEX Ayin is currently $300K market cap. Not sure on the memes, which are on Ayin.

I highly recommend getting an Alephium stack and putting half into Ayin. Most feasible 1000X that I know of.

1) buy the Alpheium ETH token from Uniswap
2) go to the Alpheium official site, open the bridge page from the top and download the browser extension
3) setup your wallet, backup the seed
4) on the bridge page, connect you ETH wallet with the Alpheium in it, exchange it for native Alpheium into your Alpheium browser extention wallet
5) takes about 15 minutes to go through and then there is a redeem button
6) go to the AYIN site and on the swap page, swap some Alpheium for $AYIN
7) there is a page something like xAYIN to stake for about 50% APY/APR
Hmmmm.

I bought Doge at .007 and rode it to .2-.3's. I knew it was a meme but figured I'd take a chance.

Was thinking over Christmas would be good to jump back into something and the stock market has been dead. You've got me looking at this.
 
Hmmmm.

I bought Doge at .007 and rode it to .2-.3's. I knew it was a meme but figured I'd take a chance.

Was thinking over Christmas would be good to jump back into something and the stock market has been dead. You've got me looking at this.

I probably said it above. But the trend is that there is one meme coin that pops on a chain (SOL, Stacks, Manta etc.) and then there are a bunch of others (including many rugs) that pop up that try and shoot for 100X+. But most of them quickly bomb. I'd pass on anything still at high caps. They will probably blow off over the following months and allow for a nice low entry.

So, if you are looking for this play, I would look at getting the main meme coin on a chain, when it's still very low. e.g. that WELSH one on Stacks hit something like $40M from peanuts. Now it's pulled back about 50%.

The main one I would look at now is ALF, which you can only get from - https://ayin.app. See instructions above for buying the AYIN token. You can now get in on the chain on MEXC too - https://www.mexc.com/ - on its native chain. I would look at holding some of the chain token Alephium. This is currently about a $60M cap and is in the sights of a lot of people. It has a very large interest per person interested in it. It's not a low conviction play. It's billed as a chain with the security of BTC, but the throughput of Solana. I'd also look at holding the main DEX, as listed above and then some of its meme token - ALF.

Current m.cap for $ALF is about $30,000. So I think it's very much worth getting into them. Very early days. It's not even listed on CMC/C.Gecko There are 161,803 $ALF tokens. 20,000 are pooled on Ayin.

A little math. Let's give $ALPH a possible peak ATH market cap of $1-10B.

Compare peak $BONK and $SOL market cap ATH = $2B to $52B. So Bonk was at 3.8% of SOL's ATH. Apply that to ALPH-ALF gives us $38-380M cap for $ALF (meme coin). Even a very low cap of $10M would be a 384X for $ALF.

$ALF at a $38M cap = 1,460X; and at $380M = 14,600X.

Expect peak meme coin season in the last 2 quarters of 2025. Each chain and its projects will get rotated into. As it looks like the rotation is fading on that chain, sell, and put profits into something under-bought.

Repeat this play with memecoins on other chains that are still microcaps. Say you split $1,000 into 10 different ones.

Some of that is off the topic of just meme coins. I am scoping about for high-conviction low-cap plays. Lots of good stuff has had 10-100Xs over the last few months. The only ones I am very keen on at current prices are AYIN, HYTOPIA (see main crypto thread), Star Atlas. ALF is a bit of an outside play, but with huge potential upside. DeFi Land and GALA also look in good and fairly good buying territory.

Another I am looking at is the Ordinals marketplace ORDS. Maybe a short-term play.

Worth looking at this:

 
Current m.cap for $ALF is about $30,000. So I think it's very much worth getting into them. Very early days. It's not even listed on CMC/C.Gecko There are 161,803 $ALF tokens. 20,000 are pooled on Ayin.

A little math. Let's give $ALPH a possible peak ATH market cap of $1-10B.

Compare peak $BONK and $SOL market cap ATH = $2B to $52B. So Bonk was at 3.8% of SOL's ATH. Apply that to ALPH-ALF gives us $38-380M cap for $ALF (meme coin). Even a very low cap of $10M would be a 384X for $ALF.

$ALF at a $38M cap = 1,460X; and at $380M = 14,600X.

Have bought some $ALF but do you not think the price of the coin will be an impediment? It's about $0.34 on ayin.app so would need to hit almost $500 in order to reach even the $38m cap you quoted above. Only 7 coins on coin gecko are currently above that and 3 of those are BTC/ETH/WBTC.

Maybe I'm being stupid for being concerned with anything other than cap but it seems to me like with meme coins, as growth is based purely on speculation we need lots of stupid moonboi's to yolo into it. And that kind of person, if given the choice between 100k of one meme coin and a fraction of a single higher value token, many will choose the former just because it seems like they are getting more for their money
 
Have bought some $ALF but do you not think the price of the coin will be an impediment? It's about $0.34 on ayin.app so would need to hit almost $500 in order to reach even the $38m cap you quoted above. Only 7 coins on coin gecko are currently above that and 3 of those are BTC/ETH/WBTC. Maybe I'm being stupid for being concerned with anything other than cap but it seems to me like with meme coins, as growth is based purely on speculation we need lots of stupid moonboi's to yolo into it. And that kind of person, if given the choice between 100k of one meme coin and a fraction of a single higher value token, many will choose the former just because it seems like they are getting more for their money

Could be, but I think there is at least one more highly valued coin, nominally. One $YFI was $80,000; now $7,600 -


$ALF: I got in right at the bottom at $26k cap, $0.19 / $ALF. They are now $0.45. Just holding to see where it goes. If it doesn't go anywhere, so be it.

$ALPH activity is trending up a lot, and people will ape in for some $AYIN + $ALF. It was $50M cap not long ago. I think it will hit $500M+ this year.

$SOL degen coins ripping again.

Just a note on $AYIN. In May 2021 Raydium's m.cap was 4% of Solana's. A bit of a peak. In late 2021 that was only 1.33%. And it seems the primary DEX of a chain is typically in the range of 1-2% of the chain's market cap.

Currently the m.cap of AYIN is 2.1% of $ALPH, so maybe not such a stellar buy here.

With the yield of staking, maybe $AYIN will be a better play, but not necessarily.

My allocation for the $ALPH ecosystem is:

$ALPH - 84%
$AYIN - 15%
$ALF - 1%
 
Could be, but I think there is at least one more highly valued coin, nominally. One $YFI was $80,000; now $7,600 -


$ALF: I got in right at the bottom at $26k cap, $0.19 / $ALF. They are now $0.45. Just holding to see where it goes. If it doesn't go anywhere, so be it.

$ALPH activity is trending up a lot, and people will ape in for some $AYIN + $ALF. It was $50M cap not long ago. I think it will hit $500M+ this year.

$SOL degen coins ripping again.

Just a note on $AYIN. In May 2021 Raydium's m.cap was 4% of Solana's. A bit of a peak. In late 2021 that was only 1.33%. And it seems the primary DEX of a chain is typically in the range of 1-2% of the chain's market cap.

Currently the m.cap of AYIN is 2.1% of $ALPH, so maybe not such a stellar buy here.

With the yield of staking, maybe $AYIN will be a better play, but not necessarily.

My allocation for the $ALPH ecosystem is:

$ALPH - 84%
$AYIN - 15%
$ALF - 1%

Ah right didn't see $YFI when I sorted the list. Got a friend to buy some AYIN too and we're both happy with the gains so far so thanks for the tip 🙏
 
Ah right didn't see $YFI when I sorted the list. Got a friend to buy some AYIN too and we're both happy with the gains so far so thanks for the tip 🙏

Word is the $ALF project is not maintained on $ALPH, but word is there will be a hot meme coin coming to $ALPH soon.

I think these will continue to pump for the next few months - $ALPH and $AYIN.
 
word is there will be a hot meme coin coming to $ALPH soon.
You certainly were right about $ALPH. I'll be curious to know what that meme coin will be if we can ever figure it out.

I was playing around on Alephium a bit, setting up a wallet, using the DEX. I have to say it seemed a bit clunky to me, the UX wasn't superb. But there does seem to be a lot of hype around this chain. When the live chat on Crypto Banter is full of people spamming "$ALPH $ALPH $ALPH" then you know it's hot. Actually, paying attention to sentiment online is one valid way to trade crypto. Just ride sentiment like a surfer on a wave (I'm not really a trader, but I might just dip my toes in the trading waters a bit this cycle to try my luck).
 
$TRUMP pumped from $0.20 to $1.40 after winning the Iowa caucus a few days ago. I expect this coin to perform well this year leading up to the election. It will probably flag out from here until Super Tuesday on March 5th. If you missed this pump and you want to get in I would wait till it comes back down to about $0.50 where there is strong support. Buy and hold until election night, then sell all. I actually posted this pick back in November when it was $0.05 (it was my last post on the old forum) but don't make the mistake of thinking that means this joker knows what he is doing. I don't!Screenshot 2024-01-19 at 1.15.39 PM.webp
 
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$TRUMP chart looks strong. Flagging out now. Could be a good time to accumulate, or wait for it to break the trendline:Screenshot 2024-01-27 at 12.50.25 PM.webp
 
$PORK looks so much like $PEPE from last year. And now of course you have all the deriviatives, $BORK (BitcoinFork), $DORK (DogeFork), etc. Meme coins never cease to amaze.
 
$TRUMP is behaving exactly as expected. Broke the trend line, re-tested, and is continuing upward. This coin pumps on news, so the price action is expected to heat up as the election draws near. Trump will be in the news daily the closer we get to November, which is free advertising for this coin. MC is still under 100 million, I wouldn't be surprised if it goes into the billions. I probably wouldn't buy once the MC goes over 100 million as risk/reward ratio diminishes.Screenshot 2024-02-05 at 12.55.18 PM.png
 
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