Murad Mahmudov is one of the most controversial personalities in the crypto space. Known for his out-of-the-box views on the traditional financial landscape, Murad is always stirring up the market with his theories, focusing on the capacity of cryptocurrency to become the standard in the near future. In fact, he once named Bitcoin the soundest and hardest currency in the world. His latest theory, dubbed the meme coin “supercycle” theory has become the talk of the crypto town.
Since making the case at the Token2049 event in Singapore last October, analysts have continued to analyze the possibilities presented through the thesis. Murad’s rationale is grounded in the fact that the broader crypto market is already witnessing a meme coin bubble, which according to him, will continue to spin until Bitcoin becomes a norm across the globe.
In his speech at the event, Murad cited recent performances of major meme coins, highlighting how they have outperformed even major cryptos in the industry. In spite of the extreme ups and downs ravaging the global crypto industry this year, the meme coin segment has continued to perform at its best, igniting what experts describe as a “market frenzy.”
Meme Coin Supercycle – All You Need To Know
According to multiple sources, 43 meme coins out of the top 300 tokens on Coinmarketcap have outperformed Bitcoin to date. Murad attributes this feat to the emergence of a meme coin supercycle, driven by investors’ eagerness to make quick wealth.
Thanks to their social media virality and community-driven approach, meme coins have the ability to record parabolic growth within a short timeframe. The possibility of generating substantial returns within a short time while connecting with a community of like-minded individuals makes a strong case for peaked investors interest in meme coins.
That being said, Murad’s assertion truly reflect current market realities. At the time of writing, the meme coin sector has taken the center stage, boasting a cumulative market valuation exceeding $72 billion. This milestone positions this market segment as one of the best-performing crypto niches around.
Like Bitcoin, Murad says meme coins have all it takes to collectively cross the $1 trillion threshold in the coming years. However, for this bullish prediction to materialize, the market must witness at least four major pumps.
While there’s no doubt that the meme coin supercycle has begun, many factors will keep this wild market condition alive in the coming months. They include:
Increasing Meme Coin Presales
One major factor that could keep this market momentum alive is increasing meme coin presales. According to reports, most presales that have launched this year are meme coins, creating an early-moving opportunity for investors to make quick wealth.
While established meme coins like Pepe, Dogecoin, and Bonk have made their marks, many investors will be gravitating toward lower-cap meme coins with high-growth potential.
Considering their cheap posture and significant upside potential, it remains natural for investors to keep preferring meme coins over other altcoins.
Integration of Utility Elements into their Ecosystems.
Unlike traditional meme coins relying on just hype and community engagement for growth, emerging projects in the niche are now embracing utility. By combining real-world use cases with their meme postures, these projects cater to those looking to diversify into assets featuring fun and functionality. Hence, investing in these tokens not only guarantees short-term but also long-term gains.
Staking Fundamentals
Beyond potential market gains, most meme coins, particularly those available on presales, always provide an opportunity for their early investors to earn passively. In fact, some of them offer APY rewards that’s as high as 20,000%, incentivizing long-term engagement.
With staking, investors put their tokens to best use for significant incentives. This innovation gives long-term potential to these meme coins, allowing them to continuously resonate with many investors.
Conclusion
Based on Murad’s postulation, the meme coin cycle is not a prediction – it is already happening. However, investors need to weigh the risks involved before deciding to pour investments in meme coins.