Memecoins
Best Memecoins to buy now
Cryptocurrencies recently experienced their best regulatory and political week on record, with the passage of the FIT21 bill, a last-minute SEC reversal, and the approval of the Ethereum Spot ETF ($ETH), and Trump and Biden fighting over cryptocurrency vote. Which altcoin will get the green light for a Spot ETF product next?
Markets and investors are betting and Solana is already preparing for an ETF. This will send its ecosystem into overdrive, and analysts are scrambling to estimate the effect of a TradFi offering on memecoins. It’s time to turn on the spotlight Piggy Bank ($PIGS)one of best memecoins to buy this quarter.
Solana ($SOL) Preparing for a Spot ETF?
Markets are forward-looking by nature, and while the Ethereum Spot ETF has yet to begin trading, investors are already looking to stretch the next altcoin in line for approval. Colloquially called the big three of this cycle, after $BTC and $ETH, $SOL are the leaders of this cycle, and since the first two already have a Spot ETF product, it makes sense that Solana is the next choice.
Traders are currently speculating on this outcome. Remember that the purpose of any ETF product is to provide direct access to an investment/asset. Therefore, demand drives ETFs. Solana is the most sought after crypto asset without a Spot ETF and, therefore, the next and most natural contender. Brian Kelly, founder of BKCM, made this very comment recently while speaking on CNBC.
Bloomberg analyst James Seyffart is of the same opinion. He further stated that the approval of FIT21 would help speed up this process. However, he said the first step to getting approval would be a CTFC-regulated futures market for Solana. ETF issuers earn money from commissions and market activity. They simply list the most desired resources. A Solana Spot ETF is inevitable. The only consideration is the time period.
It goes without saying that a Spot ETF for Solana would create a drastic wealth effect. Investors would use their newfound wealth to speculate and memecoins would go parabolic. Tokens like Piggy Bankster would be the biggest net beneficiaries.
Piggy Bankster ($PIGS) Set to Dominate Meme Markets
Piggy Bankster has skyrocketed to become one of the best memecoins to buy, and its organic approach to building and growing a community has not gone unnoticed. But the real reason why analysts expect a massive increase in the value of $PIGS is its 100% fair launch mechanism. It follows in the footsteps of all the top performing memes of this cycle and the community buzz makes $PIGS one of the best cryptocurrencies to buy now.
Experienced investors might be confused as to why the 10 best cryptocurrencies to buy right now are all memecoins, and it all comes down to market dynamics. VCs have made new altcoins uninvestable and all price discovery has happened in private markets with various funding rounds. Memecoins are launched with a fully circulating supply and investors do not have to worry about breakouts or overflows.
Memecoins are the perfect extension of open, permissionless markets and have become leveraged plays on their underlying blockchain. Piggy Bankster’s resounding success in community building and his suave brand put him ahead of the pack, and anyone who is bullish on $SOL is actually bullish on $PIGS. Several price forecasters have already estimated that $PIGS could increase 100x in the coming weeks, given the small market capitalization at launch.
Why a Solana Spot ETF is Bullish for Memecoin
A Solana Spot ETF would send memecoins into absolute parabolic madness. The real problem investors will have in this cycle will be selling too early and not letting the winners ride. When a project like Piggy Bankster comes with effective branding and a great talent for building an engaged community, you want to engage.
Ranked as one of the best memecoins to buy this quarter, all that remains is to see how high this little piggy can fly. Don’t get caught offside with hog season starting soon. This is your chance to get early to Solana’s next big memecoin.
Want to know more about Piggy Bank ($PIGS)? Adhere to Community Here.
Disclaimer: Insights provided by crypto industry players and are not part of the editorial content of BanklessTimes.