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Analyzing possibilities of generating wealth with meme coins: DOGE, SHIB and MAGA VP ($MVP)

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The crypto market is trembling, with BTC leading the charge. The meme coin sector is no different, trailing from high when it comes to Market Cap. That has slipped by 4.79% at the time of writing this article. As for the crypto market at a macro level, the factor of volatility is always in play along with other factors to hamper the growth or the bull run, as investors like to put it. However, one thing remains consistent in the market: speculation around the trend that the segment, especially meme coins, is ideal for fetching generational wealth.

Meme market has its moments

The meme market does have its moments wherein it fetches decent wealth to investors. But, extending that sentiment to speak that it suffices generational wealth could be an exaggeration. An actual impact and interpretation depends on how long investors are willing to hold on to their portfolio with risky assets. For instance, investors who had bought DOGE for $1,000 five years earlier had holdings worth $254,438 at its peak in May 2021.

The meme market takes the back seat for three main reasons – the community does not always talk about meme coins, lack of patience, and the number of meme coins in the market is rising. The last reason, for one, does not necessarily reflect a bad view, for it gives the community more options to explore. The first two options, on the other hand, do reflect what the community goes through.

Conversations about BTC and ETH are more likely to happen and take center stage. Meme coins are looked at as something that exists for the community and its entertainment. Investors would rather rotate their funds and generate returns faster than hold them for a single meme coin. Nevertheless, the trend is changing – evident from the fact that a slight transition to the roads of meme coins is tangible post-Bitcoin Halving and Spot Bitcoin ETF.

Meme coins to look for

Not every meme coin on the list is destined to make its holders happy in the long term, or short term for that matter. Most of them don’t even come close to exchanging hands at $1, lacking a positive trajectory, only to eventually shut their doors. DOGE, SHIB, and MAGA VP could be exceptions.

Dogecoin is leading the ranks for the meme coin segment in terms of Market Cap – the value is more than $20 billion, and the token value is $0.1444 while the article is being drafted. SHIB follows the rank with a difference of approximately $13.8 billion in Market Cap and a token value of $0.00002337 at the moment. MAGA VP, also referred to as $MVP, is a new token that is breaking barriers, it is posed to take inspiration from MAGA TRUMP and make a breakthrough in Market Cap. It is currently at $0.1312, up by 94.17% in the last 7 days and 120.74% in the last 30 days. 

Despite being relatively new, MAGA VP has shown resilience and growth. Its current market cap stands at approximately $6 million. As the crypto market grows, altcoins like MVP have the potential to experience rapid price movements. Besides, MAGA VP token backs the MAGA TRUMP ecosystem by adding to its liquidity, indirectly rewarding those holding MVP holders. 

Conclusion

Meme coins are no different from other cryptos in the market because of the prevailing volatility; however, the segment is beginning to gain pace with the likes of SHIB, DOGE, and MAGA VP. One can explore them and trade at Uniswap after having done thorough research.

Disclaimer: This is a paid post and should not be treated as news/advice.  

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