Crypto trader Intuitio expressed strong conviction in the potential of meme coins, touting the potential of Pepe PEPE/USD and Dogwifhat WIF/USD, while dismissing the prospects of Shiba Inu SHIB/USD.
What Happened: Intuitio took to his X account to state how “easy” the meme coin space is. He acknowledged Dogecoin DOGE/USD as the “OG” meme coin, which will likely experience a significant pump. He also emphasized its role as a "billboard" for the potential of other meme coins, specifically Pepe and WIF.
On the other hand, the trader described SHIB as "absolute crap" and urged followers to "forget Shib." Pepe and WIF are "the purest memes in all of crypto,” Intuitio writes, noting that these coins are "not pushed or forced, not advertised. PURE."
Intuitio expressed his disbelief at the obviousness of the trade, exclaiming, "How can a trade be that obvious?"
Also Read: Trader Who Made ‘Giga Wealth’ On Memes Reveals ‘Mememillions Playbook,’ Still Holds Most Of His DOGE
Why It Matters: Intuitio’s tweet showcases the growing interest in and potential of meme coins within the crypto community. By dismissing SHIB and focusing on Pepe and WIF, the trader suggests that these newer meme coins may have more upside potential due to their organic growth and "pure" meme status.
One commentator responded to intuitio's tweet that no meme coin can flip Dogecoin on any meaningful long-term time scale, saying the focus should be on “flipping it during peak euphoria for like a few hours.”
Comparing the month-over-month and year-over-year performance of the top meme coins, the older meme coins trail their newer rivals:
| Cryptocurrency | Price | 1-Month Performance | 1-Year Performance |
| Dogecoin DOGE/USD | $0.1563 | -22.8% | +101.9% |
| Shiba Inu SHIB/USD | $0.00002379 | -17.5% | +150.7% |
| Pepe PEPE/USD | $0.000008267 | +12.3% | +202.3% |
| Dogwifhat WIF/USD | $3.35 | -11.7% | +1,891.9% |
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next: ‘Dogecoin Millionaire’ Says ‘Fair Launches’ For Meme Coins Don’t Exist: ‘Stop Being Delusional’
Image: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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