Memecoin Supercycle Update

PLUS: CoinGecko 2024 Q3 Crypto Industry Report is live

Hi Investor 👋

welcome to a ✅ free edition ✅ of Altcoin Investing Picks, the most actionable crypto newsletter.

I hope you enjoyed our last issue ”DEX Stats 2024: Everything You Should Know”

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In today's newsletter:

• 💡 Memecoin Supercycle Update

• 📣 CoinGecko 2024 Q3 Crypto Industry Report is live

• 📈 Crypto only makes up ~0.1% of global asset value

Let’s dive in!

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💡 Insight

Memecoin Supercycle Update

Memecoins, as the name suggests, are cryptocurrencies inspired by internet memes or trends. They often lack the technological sophistication of major blockchains like Bitcoin, Ethereum or Solana but gain value through their community-driven hype and viral appeal.

Dogecoin still leads, followed by ShibaInu, Pepe, dogwifhat, and Bonk.

Source

Here are the best performers in the last 30 days included in our watchlist:

1. Turbo - $TURBO: +198.46%

2. Wojak - $WOJAK: +135.24%

3. NYAN Meme Coin - $NYAN: +117.04%

4. BOB (ETH) - $BOB: +105.64%

5. Myro - $MYRO: +86.79%

6. MAGA - $TRUMP: +85.21%

7. dogwifhat - $WIF: +76.34%

8. Jim - $JIM: +48.61%

9. Super Trump Coin - $STRUMP: +43.84%

10. Memecoin - $MEME: +41.28%

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🚀 Take Action

Our Degen Portfolio is a well-diversified and aggressive strategy to maximize the next bull run.

‘Degen’ is a slang term derived from ‘degenerate’. In crypto, it is often used to refer to individuals who engage in high-risk and speculative trading or investment strategies..

The good news is that you can be a smart degen investor thanks to:

• diversification

• exit strategy

• risk management

If you want to maximize the bull run with a diversified & aggressive approach, this is your best option.

Here are the criteria of the portfolio:

• No bitcoin.

• The projects must belong to one of the following sectors/narratives: Alt L1s, Memes, AI, RWA, DePin, Web3 Infrastructure.

• The project must have a minimum market cap of $200M.

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📣 Update

CoinGecko 2024 Q3 Crypto Industry Report is live

Here are 7 key highlights you shouldn't miss 👇

1. Total Crypto Market Cap Fell -1.0% in 2024 Q3, Ending the Quarter at $2.33T

2. Bitcoin Increased Its Dominance, Now Accounting for 53.6% of the Total Crypto Market Cap

3. Major Asset Classes Outperformed Bitcoin, Led by Gold Which Appreciated 13.8%

4. Prediction Markets Grew 565.4% in 2024 Q3, Led by Polymarket With 99% of Market Share

5. Transactions on Ethereum Layer 2s Increased 17.2% in 2024 Q3, Led by Base

6. Spot Trading Volume on Centralized Exchanges Fell to $3.05T in 2024 Q3, Down -14.8% QoQ

7. Ethereum Was the Dominant Chain for DEX Trading, but Is Quickly Losing Market Share to Solana & Base

Get the full report →

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📈 Signal

Crypto only makes up ~0.1% of global asset value

If you ever start to question whether you’re too late to crypto, take a look at this chart:

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Take action 🚀

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Here are some of our most popular premium posts:

• Our FULL INVESTING STRATEGY For The POST-HALVING BULL RUN

• How to turn $10k into $400k w/ micro altcoins

• When to take profits: 5 signals to check before cashing out

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That’s all for today!

Cheers