Analyst Calls Dogecoin, Shiba Inu, FLOKI ‘Dino Coins’, Here’s What It Means

A crypto analyst has shed light on how meme coins and altcoins will perform in the upcoming bull market. He categorizes popular meme-based cryptocurrencies as follows: Dogecoin (DOGE)Shiba Inu (SHIB), and FLOKI have been dubbed “Dino Coins,” highlighting the potential for these tokens to skyrocket during altcoin season.

Dogecoin, meme coins expected to lead altcoin season

Quite Long X (formerly Twitter) postOn Monday, crypto analyst “Vapor” shared a detailed view on the bullish outlook for the cryptocurrency market. He said: Meme Coin “Blue chip” meme coins such as PEPE, Dogwifhat (WIF), BONK, Dogecoin, Shiba Inu and Floki have achieved significant levels of stability and acceptance in the market due to their extensive communities and top tier listings. Centralized Exchanges (CEX).

Steam also has these characteristics Meme-based cryptocurrency Meme coins are referred to as “dino coins” as digital currencies that are completely diluted without sufficient market attention or momentum. This analysis may be valid, as meme coins tend to be overlooked or stagnant in value during bear markets, only to regain interest and momentum once the market recovers. Market turns bullish Also.

According to the analyst, the advantage of blue chip meme coins is that they are “highly multiplier-capable.” This is essentially because, unlike most altcoins, meme coins Witness an astronomical rise to new highsThey offer great economic opportunities for investors. It is important to note that meme coins are also very popular. Unstable and speculativeThis makes them prone to sudden declines, which can lead to large losses for investors.

Vapor is a blue chip meme coin with potential Altcoin Seasonhas benefited the most from the bull market due to its growing demand and popularity among crypto investors. Crypto analysts say Meme coins were the top choice for most investors He cited low dilution and mass appeal to retail investors as reasons for his analysis in favor of Bitcoin over altcoins.

Additionally, he highlighted the massive rise of Dogecoin and Shiba Inu during the last bull run of 2021, highlighting the possibility of meme coins surging again during the upcoming altcoin season. Vapor suggested that even if new promising categories of altcoins emerge in this market cycle, regular retail investors will likely gravitate towards meme coins listed on CEXs, just as they did during the 2021 bull run.

Altcoin season arrives following Bitcoin’s surge to new highs

In a post on X, Vapor shared a price chart showing the performance of altcoins against Bitcoin’s dominance. The analyst revealed: Bitcoin It needs to surpass its all-time high of over $73,000. Altcoin Season You can get started. “If Bitcoin has already peaked this cycle, then we can exit because altcoins are officially doomed,” Vapor said.

However, analysts have revealed that Bitcoin has yet to reach its peak and are predicting the future. Federal Reserve cuts interest ratesSpot Bitcoin ETF inflows and future US Presidential Election As a triggering factor that could send Bitcoin to a new all-time high.

Vapor also Ethereum Spot ETF There is a possibility that a lot of wealth could flow into Ethereum and various other altcoins in the space. He clarified that the existence of an altcoin season should not be questioned, but rather the size of the season is uncertain.

Dogecoin price chart on Tradingview.com
DOGE Price Drops to $0.11 | Source: DOGEUSDT on Tradingview.com

Featured image created by Dall.E, chart taken from Tradingview.com

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