The bull market has entered the second phase!
So far, it is relatively certain that the bull market has started.
First, let's popularize the first phase of the bull market.
1) At the beginning of the market, the confidence has not fully recovered. A significant rise in BTC is needed to signal that a major bull market has arrived.
2) Many times, when BTC has small pullbacks, due to the prolonged weak situation of altcoins, the panic psychology is severe, and altcoins often experience larger declines.
3) Altcoins often have many trapped positions, and even if the main force wants to pull up the price, they will wash the plates repeatedly at critical points.
The second phase of the bull market:
The situation throughout the second phase is that the market is generally bullish, and the leading sectors continue to create wealth effects. Not much needs to be said about the general bullishness; what we want most is to find sectors that may have wealth effects.
I personally believe that this sector is MeMe.
1) The main reason is that in the past month, the best market performance and the greatest profit effect have been MeMe.
2) The MeMe super cycle theory, regardless of whether this statement is correct, has already been recognized by most people in the market.
3) Binance has clearly strengthened its support for MeMe, raising the ceiling for MeMe and significantly enhancing the wealth effect.
MEME is extremely popular, and Shanchuan has summarized the following meme explosion directions for everyone's reference:
1. Musk has a significant influence on memes; his open support for doge and Pnut, or even an emoji he sends on Twitter or a word he replies with, could spawn the next hit meme.
In addition, other celebrities in the cryptocurrency space, such as CZ, are also worth paying attention to.
2. Old altcoin memes or mascots, such as Litecoin's mascot Lester, have shown that they can drive Litecoin prices up. The interest generated by this contrast will attract retail investors, and the old altcoins themselves have wide influence.
3. AI meme
Earlier, I shared that GOAT and ACT have already run out. Two points to continue to focus on: first, AI memes with new narratives or applications; second, other chains' AI memes, such as the base chain, which excels at promoting abstract concepts and is friendly to the AI project development environment.
4. New themes and narratives like Wei and Zong teaching coins; BAN is the head of the artistic meme coins. Pay attention to subsequent new themes.
5. Community-driven memes like army, 1984, usually led by old OGs or KOLs in the circle, have a certain fan base and will have a good increase with continuous building.
Besides the above directions, the main focus at this stage is on meme coins on the Solana chain, as the wind is blowing here.
➜ $PNUT
▶ MC: $1.611 billion
▶ 24-hour trading volume: $1.999 billion
It is my favorite and will be a heavily weighted target.
1) Musk's new support, its status is second only to doge, incomparable to those liked MeMe.
2) Pnut symbolizes animal rights and opposes the abuse of law. Under Musk's promotion, it has become closely linked with Trump's election victory.
3) New coins on Binance may have a distinction between old and new in the MeMe sector.
4) In the 2021 bull market, Musk used his influence to successively promote Doge and Shiba. If this bull market starts, Musk is very likely to promote a new MeMe again, and Pnut should be the most suitable target.
➜ $ACT
▶ MC: $514 million
▶ 24-hour trading volume: $477 million
In the era of AI, AI MeMe has become the hottest topic. Although there are several AI Agent MeMes now, ACT is the only one listed on Binance, making it the preferred choice for exchanges accommodating large funds. Like Pnut, it is also a newly launched coin.
➜ $PEPE
▶ MC: $8.567 billion
▶ 24-hour trading volume: $5.315 billion
After Bitcoin repeatedly hit new highs, coupled with PNUT's launch on Binance, it has also led to favorable breakthroughs in the MEME sector. Pepe's resilience and upward momentum bring a glimmer of hope, ensuring that this token has the potential to bring substantial returns in the bull market. With a community-centered approach and NFT integration, Pepe Coin has solidified its position as a powerful meme coin in the cryptocurrency space. Optimistic about PEPE, its price will likely rise significantly in the future.
➜ $sol
▶ MC: $111.946 billion
▶ 24-hour trading volume: $9.05 billion
As one of the star chains of this bull market, Solana's performance near the previous high of $259 has attracted much attention. Although it formed a structure similar to Bitcoin after breaking the previous high, the weekly level breakthrough of Solana still requires more verification. At the same time, the technical pressure and capital divergence near the previous high make the trend more complicated.
Near the previous high, Solana may experience a process of false and true breakthroughs. For investors holding low-position chips, it is recommended to continue holding; for investors with no positions, it is suggested to wait for a complete breakthrough above $260 before considering entering the market. We expect that once Solana breaks through $260, the target price for this bull market may reach $500.
