In the past weeks, the memecoin frenzy has fizzled out on the Solana Ecosystem and this is simply due to over saturation, The saturation eventually turned major tokens on the Solana Eco System to a Player Vs Player Trading, this is not healthy for any any market just as it is obvious that each narrative has finished playing itself.
The eventual factor that limits participation of noobs on ETH memecoin is gas fee and this has surely been sorted by the advent of
DOGE
on all major centralized exchanges, this will surely catalyze new entrants and even old investors to pour funds in it, as much as we may be of the opinion that the memecoin Frenzy has been extinguished, it is very obvious that the $TESLA billionaire is not letting go of his love for
DOGE
anytime soon.
DOGE
high it's all time high in 2021 on the day that ELON musk appeared on the SNL and shilled it, Elon; in fairness to him and credit to himself has also never failed to remind everyone that he will cause payments to be made in
DOGE
for the $TESLA and some of his other products.
Narrative wise,
DOGE
is a safer choice of investment due to the amount of liquidity that is locked in it, Unlike what we have on Salana Memecoins such as
WIF
and $MEW.
I am of the opinion that as new memetokens begin to fizzle out, everyone will revert to mean and join the
DOGE
train as we ride it to $1 again.
Technically Speaking,
DOGE
has broken out of a multiyear bear market cycle and will begin to move up from here.
The eventual factor that limits participation of noobs on ETH memecoin is gas fee and this has surely been sorted by the advent of
DOGE
on all major centralized exchanges, this will surely catalyze new entrants and even old investors to pour funds in it, as much as we may be of the opinion that the memecoin Frenzy has been extinguished, it is very obvious that the $TESLA billionaire is not letting go of his love for
DOGE
anytime soon.
DOGE
high it's all time high in 2021 on the day that ELON musk appeared on the SNL and shilled it, Elon; in fairness to him and credit to himself has also never failed to remind everyone that he will cause payments to be made in
DOGE
for the $TESLA and some of his other products. Narrative wise,
DOGE
is a safer choice of investment due to the amount of liquidity that is locked in it, Unlike what we have on Salana Memecoins such as
WIF
and $MEW. I am of the opinion that as new memetokens begin to fizzle out, everyone will revert to mean and join the
DOGE
train as we ride it to $1 again. Technically Speaking,
DOGE
has broken out of a multiyear bear market cycle and will begin to move up from here.