Roaring Kitty's Return - Memecoin Supercycle - Does Round 2 Start Now?

Our research predicted why memes were poised to be highest performing sector of this cycle so far. In this report we revisit the thesis to discuss why memecoin supercycle round 2 starts now..

¹Yesterday GME was up 74% and today it’s up 107% at the stock market open! We are seeing the resurgence of meme stocks in the market! If you haven’t heard Roaring Kitty has also returned! The famous internet personality who used Reddit to build a community around GME the stock and cause a short squeeze liquidating Melvin Capital is back with a vengeance. If you haven’t seen ‘Dumb Money’, on Netflix I highly recommend it to learn more about Roaring Kitty and the GME Short Squeeze. In this report, we highlight what happened with crypto in 2021 right after we saw meme stocks go parabolic. We are currently seeing EXACTLY the same behavior that preceded a parabolic pump where the whole altcoin market expanded together for around 2-3 months.

First I want to share the GME chart overlayed on Total2, I expect Total2 to follow GME stock to the upside similar to how it did in 2021. these parabolic pumps don’t last forever, during the GME short squeeze it only lasted about 11 trading days. Watch out for violent moves in total2 coming soon and have your game plan because this market will likely get very hectic soon.

GME and AMC Stock Breakouts Indicate Potential Parabolic Pump Soon for Total 2 and 3 Charts.

Why Are Memes Performing So Well?

Memes encapsulate the ethos of crypto like nothing else: they are decentralized, community-driven, and full of irreverence and humor. This unique blend makes them the perfect representation of the anti-establishment sentiment that also drives the cryptocurrency world. Memes, inherently viral and rapidly evolving, capture the essence of the internet’s culture and attention economy. They reflect the zeitgeist in real-time, often before traditional media can catch up, making them uniquely positioned to thrive in the fast-moving crypto markets. To give you an example Gamestop on Solana for example experienced an even greater pump than the stock itself rising over 1500% in a day and doing over 115 million in transaction volume for the whole Solana ecosystem. This is the most impressive feat of any Solana meme coin and in my opinion, solidifies the fact that Solana is King for memes at the moment.

Why Memes Will Continue to Outperform

As the digital and crypto landscapes evolve, so too does the role of memes. They are not just a reflection of Internet culture but have become a valuable asset in their own right. In an attention economy where speed and virality dictate success, cryptocurrencies associated with popular memes can see astronomical growth, much like viral internet content. This synergy between meme culture and crypto ensures that as long as the internet continues to cherish and spread these cultural icons, memecoin markets will likely prosper. Memes symbolize not only where the internet culture currently is but also where it’s headed. Their adaptability and speed are mirrored in the cryptocurrency movements, making them a fundamental component of the crypto market dynamics. If you are late to the Solana meme game you could consider looking at Eth Based memes, AI, or RWA-based projects to try and position early before the rotation from Sol memes.

GME and AMC Stock Breakouts Indicate Potential Parabolic Pump Soon for Total 2 and 3 Charts

The significant breakouts in GME and AMC stocks are not just isolated phenomena; they signal a broader market trend that could likely spill over into the crypto sectors represented by Total2 and Total3 charts. As we've observed, the movements in meme stocks tend to prelude similar trends in crypto, reflecting the interconnected nature of speculative investments and the shared spirit of disruption and community action.

Lastly, I want to highlight a particularly intriguing ETH fractal pattern that seems to be emerging. This fractal suggests that the next 2-3 months could be nothing short of epic. However, like all parabolic rallies, this one is likely to be short-lived, with retail investors potentially buying in at the peak. This presents a crucial window for those looking to capitalize on the fifth wave of the parabolic trend in altcoins. For this expansion to materialize, ETH must take the lead, setting the stage for the broader altcoin market to gain momentum.

As we stand on the cusp of what may be the beginning of a 'risk-on season,' spearheaded by Ethereum and possibly catalyzing a new memecoin supercycle, the intertwining of internet culture and cryptocurrency becomes increasingly significant. Memes, transcending their role as mere internet phenomena, are now pivotal cultural forces propelling us into a new era of digital finance. Their rapid evolution and the community-driven energy they harness are reflective of the very principles that underpin the crypto markets. Recognizing and understanding this dynamic is essential for anyone looking to navigate the complexities of this fast-evolving landscape.

1. *Disclaimer - Please note this is not financial advice and is for education/entertainment purposes only.