Shiba

Rally

FLOKI

Dogecoin

Shiba Inu

As the crypto market experiences another wave of fervent enthusiasm, meme coins like Shiba Inu, PEPE, and Dogecoin have surged to the forefront of investors’ minds. With <a href="https://www.newsbtc.com/analysis/pepe/pepe-coin-soars-over-250-will-march-bring-more-surprises/" target="_blank" rel="noopener ">PEPE</a> leading the rally at a staggering 371% increase, <a href="https://www.newsbtc.com/news/solana-meme-coin-dogwifhat-wif-hits-new-ath-market-cap-breaks-1-6-billion/" target="_blank" rel="noopener ">Dogwifhat (WIF)</a> at 351%, FLOKI at 331%, BONK at 182%, and Shiba Inu (SHIB) at 177% over just the last seven days, the phenomenon has caught the eye of both enthusiasts and skeptics alike. 
<img loading="lazy" decoding="async" class="wp-image-596083 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047" alt="Meme coin mania" width="2812" height="1047" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047?w=2812 2812w, https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047?w=2048 2048w, https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/Screenshot-2024-03-04-083541.png?resize=2812%2C1047?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"> 
<h2 id="why-shiba-inu-pepe-doge-will-continue-to-rally">Why Shiba Inu, PEPE, DOGE Will Continue To Rally</h2> 
Andrew Kang, co-founder and partner at Mechanism Capital, offered a <a href="https://twitter.com/Rewkang" target="_blank" rel="noopener nofollow">deep dive</a> into the dynamics fueling this unprecedented meme coin frenzy. Kang, sharing his expert analysis on X, articulates the foundational appeal of meme coins: “People are really calling top on meme coin season when <a href="https://www.newsbtc.com/bitcoin-news/historical-data-signals-bitcoins-imminent-25-plunge/" target="_blank" rel="noopener ">BTC hasn’t even crossed ATH</a> yet. Meme coins are a global shelling point for speculative liquidity.” 
He stresses the accessibility of meme coins as a crucial factor in their explosive growth, positioning them as more globally accessible than any traditional stock. This accessibility, combined with a universal speculative interest, has led to Dogecoin’s significant outperformance compared to phenomena like the GameStop stock frenzy. 
The historical context Kang provides is telling of the potential he sees in this cycle. “Total Meme coin market cap last cycle was $100 billion last cycle, and we usually get multiples on market cap highs every cycle,” he notes, suggesting that the current market conditions are ripe for surpassing previous records. 
His insights reveal a broadening demographic of meme coin investors, including high-net-worth individuals, hedge funds, and even traditional financial institutions, all drawn in by the speculative allure and community-driven narratives of these assets. 
<h2 id="meme-coins-are-a-skill-based-lottery">Meme Coins Are A Skill-Based Lottery</h2> 
Kang’s perspective on the meme coin ecosystem is particularly illuminating. He likens it to a “Skill-based Global Lottery Platform,” where success is part skill, part community effort, and part viral momentum. “We are going to reach some serious levels of mental retardation for memecoins this cycle […] And the more people that they get to buy the same tickets at them, the more likely they and their friends win – that’s the best feeling – winning together,” Kang elaborates. This communal aspect of meme coin trading, combined with the thrill of speculation, underscores the unique appeal of meme coins as both a financial instrument and a social phenomenon. 
Expanding on the potential scale of meme coin growth, Kang draws an ambitious parallel with the global lottery industry, which boasted $300 billion in sales in 2020. “Now imagine the valuations of memecoins if a capital injection of that scale were to flow into them,” he muses, positing a future where meme coins command a significant portion of global speculative investment. 
Kang also critiques the broader cryptocurrency market, suggesting that the complexity and niche appeal of many projects may limit their attractiveness to the general public. “The masses won’t care about the 4th liquid restaking derivative or whatever fancy new technology […] Memecoins are just a much more pure and upfront speculative vehicle,” he states, predicting that meme coins could outperform more technologically complex crypto assets by a wide margin. The King Of All Meme Coins 
A strong advocate for strategic investment in meme coins, Kang draws an analogy a Bitcoin investment for tradfi investors, suggesting that a small, measured allocation to meme coins could offer disproportionate rewards. “Advocating for a 1-5% portfolio allocation of memecoins is like boomers advocating for 1-5% portfolio allocation of BTC,” he says, emphasizing the blend of high risk and high reward that meme coins represent. 
Highlighting Dogecoin’s unique position within the meme coin space, Kang points to its potential for real-world application and celebrity endorsements as key factors in its potential for dominance. “DOGE is the king of memecoins […] Elon is a people’s man and I doubt he keeps his silence on Doge/X payments much longer. […] Sam Altman has 1% float <a href="https://www.newsbtc.com/altcoin/worldcoin-wld-climbs-300-in-last-10-days-as-market-cap-crosses-1-billion/" target="_blank" rel="noopener ">WLD</a> and Elon has DOGE. It is obvious that the AGI will choose the more decentralized currency,” he suggests. 
At press time, Shiba Inu traded at $0.00002642. 
<img loading="lazy" decoding="async" class="wp-image-596084 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673" alt="Shiba Inu SHIB price" width="3628" height="1673" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=3628 3628w, https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=2048 2048w, https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=1140 1140w, https://www.newsbtc.com/wp-content/uploads/2024/03/SHIBUSDT_2024-03-04_09-06-04.png?resize=3628%2C1673?w=3000 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1">

Meme Coin Mania: Why Shiba Inu, PEPE, Dogecoin Are Far From Finished

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