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: