memecoins

The crypto market is poised for a bullish run in 2024, with analysts predicting new all-time highs for assets. Investors are eager to seize opportunities in cryptocurrencies offering substantial returns.

An anonymous crypto analyst, Emperor Osmo, recently shared insights on top cryptocurrencies for 2024 across various market trends. This guide, derived from CryptoKoryo Research on Dune Analytics, categorized recommendations based on risk curves, catering to different investor sentiments.

Here's your portfolio guide to make it in 2024. 📊

** Left Curve**
– $BONK
– $COQ
– $CTXC
– $PYR

** Mid Curve**
– $AVAX
– $BCB
– $STEAK
– $GNX
– $ILV
– $KUJI
– $METIS
– $MPL
– $ORAI
– $PYR
– $SOL

** Right Curve**
– $INST
– $JOE
– $LINK
– $METIS
– $ORAI
– $SKL
– $SOL… pic.twitter.com/6ZsyjT4EuE
— Emperor Osmo🧪 (@Flowslikeosmo) January 1, 2024

Crafting an ideal crypto portfolio for 2024 involves a blend across risk curves. Established blue-chip cryptos offer stability, while higher-risk assets promise significant gains.

Left-curve recommendations feature attention-grabbing cryptocurrencies like BONK, COQ, CTXC, and PYR, known for their hype-driven surges in recent months, boasting a remarkable 1,571% increase. Continued enthusiasm may propel these coins to new heights, especially in Q1 2024.

The mid-curve includes less volatile tokens spanning layer-1, AI, DeFi, and layer-2 categories. Assets like AVAX, BCB, STEAK, among others, demonstrated moderate 260% growth, according to CryptoKoryo’s data.

On the right curve, stable assets like INST, JOE, LINK, SKL, and others showcased a collective 253% performance in three months. These assets promise stability and are expected to sustain price growth in 2024.

While left-curve assets pose higher volatility risks but potential for massive returns, right-curve assets have proven stability, projecting continued growth. Middle-curve assets, though somewhat volatile, maintain a relatively safe position within the crypto spectrum.

The Avalanche Foundation, responsible for Avalanche Network development, announced intentions to use its $100 million NFT incubator fund to purchase memecoins. This new move is part of their “Culture Catalyst” initiative launched in March 2022, aiming to support creative ventures on the network, including promising NFT projects.

Their plan involves acquiring select Avalanche-based meme coins, creating a collection that acknowledges and fosters the cultural and entertaining essence represented by these memecoins. Avalanche sees these coins as more than just utilities, viewing them as embodiments of diverse crypto communities’ shared interests and collective spirit.

Observers noted this as the Avalanche Foundation’s move to acquire memecoins, with humorous comments and speculation within the X community. However, Avalanche clarified that not every random memecoin would make it to their collection. They outlined strict criteria, evaluating factors like holders, liquidity, project maturity, fair launch principles, and social sentiment.

Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and propelling the adoption of blockchains. This initiative seeks to better position Avalanche to cultivate and support the many new forms of creativity,…
— Avalanche 🔺 (@avax) December 29, 2023

One specific memecoin, Coqinu (COQ), featuring a rooster theme, gained significant attention on Avalanche. Despite its acknowledgment of being inherently worthless and lacking a team or roadmap, Coqinu surged over 1.47 million percent from its inception on Dec. 8 to its peak on Dec. 20, highlighting the ongoing market frenzy for memecoins across various blockchain networks capable of handling smart contracts or inscriptions.

COQ WAVAX 4 hours chart source : TradingView

Avalanche’s move to embrace memecoins follows a broader market trend where these coins are experiencing widespread attention and activity across different blockchain networks.

memecoins

Crypto Analyst’s 2024 Guide: Best Cryptocurrencies to Watch Across Risk Curves

Avalanche Foundation’s $100M Plan: Embracing Memecoins in Culture Catalyst Initiative