Dear Subscriber,

By Bruce Ng

Did you see?

Bitcoin (BTC, “A”) hit a brand-new all-time high earlier today near $93,700!

Now that Bitcoin is squarely in bullish territory, you’ll need to look elsewhere for the big gains crypto bull markets are known for.

And where to look is no surprise. Altcoins. 

But there are literally thousands of altcoins. So, how can you narrow down the field to only focus on the ones likely to outperform? 

The trick is to find the best performing sectors. Then, look to the strongest projects in them. These will give you a good indication of what’s going to rally the most as the bull keeps running.

And you can do this yourself in just two easy steps. 

Step 1 is to go to the Categories tab on Coingecko. You should see the following screen: 

Click here to see full-sized image.

Step 2 is to click on the 7D tab, marked by the yellow 1 above. This way, you can see each sector’s performance over the past seven days. 

Now, your chart should look something like this …

Click here to see full-sized image.

It might not be apparent at first glance. But a closer look reveals something incredible.

Of the ten best performing categories this past week, nine are memecoin subcategories!

This isn’t the first time this bull cycle that memecoins have broadly been the strongest rebounders. Nor is it the first time they’ve taken the top performing spots in this market. 

Memecoins have done well since 2023. And they are doing well now. Whether or not you find them amusing, I think they will continue to do well until the bull run ends. 

There are a couple of reasons for this: 

• Most memecoins are fully diluted/inflated. This means no more token inflation will occur.

• Some memecoins have experienced a community takeover. These will likely do very well since there is now a fairer token distribution.

• There is a strong undercurrent of financial nihilism pervading the younger generations Z and Alpha. Memecoins allow them to gamble some of their money in a lottery system with substantial upside potential.

• Memecoins are fun! While this may seem silly, it’s a key part of their appeal. The more easily they are shared and understood, the stronger and larger the community that supports them becomes.

Let me be very clear here. Memecoins are incredibly volatile. While the opportunity for out-of-this-world returns is there … so is the chance these coins crash to nothing. 

There are no fundamentals underpinning a memecoin’s value. So, anything is possible.

That’s why you should never invest more than you can afford to lose in a memecoin. And to remain vigilant with any memecoin positions. 

Further complicating things is the fact that anyone can create one. Heck, there are even AI bots that can launch their own memecoins now! 

Naturally, this oversaturation in the market means memecoins’ biggest problem is dilution. Many new memecoins will be generated on a whim … but most won’t last very long. 

Liquidity eventually flows back to “top quality” memecoins. Those are the ones you’ll want to target if you are willing to take on the risk of a memecoin investment. 

You can review my Top 4 Signs Your Memecoin Has Staying Power to learn what to look for in your memecoin pick. 

But if you’re looking for more insight, sit tight and keep a close eye on your inbox over the coming weeks. I’m working on something with my colleague Juan Villaverde that you’re going to want to see. 

Best.

Dr. Bruce Ng