Someone asked me what the next move could look like for $GIKO (and other culty community memes with high Diamond Hand holders such as $DOLAN $WYAC)
In my opinion the move will be a 3 step move:
1) Past Holders & Whales Bid Bottom: When bottom is finally formed (seller exhaustion, majors reversing, sentiment turning) - prices looks super attractive (20-40x to ATH). Past holders and current whales would probably start to accumulate, creating small curl (Target: 2-5x from bottom).
2) Consolidation: After reaching 2-5x AND assuming the market hasn't reached Greed yet - there would be some time where equilibrium is reached. Sellers are those who are up 2-5x from bottom or those who are glad with breakeaven. Buyers are those who are attracted by the momentum, lore and potential upside of still 8-20x to ATH. This is great, and serves as a springboard for the next leg.
3) Act as Leveraged Play on Majors: Once there are enough macro catalyst for crypto to be hot again (eg. govt reopen, rate cut, end of QT), market comes back to risk-on again. Liquidity flows to majors, then big alts, then memecoins. Memes that survive would act as a 5-20x leveraged play on BTC / SOL. This would mirror the euphoria of Dec'24-Jan'25, where memecoin went absolutely ballistics. Old ATH may serve as a psychological resistance, but there is no cap on upside (check out $PEPE chart post 2023 consolidation for inspiration).
May we have higher for BTC / SOL, higher for Alts, higher for memecoins, and higher for $GIKO
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