Crypto influencer EllioTrades shared an intriguing memecoin thesis, highlighting a potential shift in the market driven by Roaring Kitty’s return.
EllioTrades predicts that cat-themed memecoins will outshine dog-themed ones, fueled by the viral success of “Dumb Money” on Netflix and Roaring Kitty’s cryptic messages.
Memecoin thesis post Roaring Kitty return
Disclaimer: this is all legit gambling and each coin I mention below can and probably will eventually go to zero.
If you buy them you are a retard, but you might become a rich retard.
DUMB MONEY TIME
1) Dog memes will underperform… pic.twitter.com/d9U6To2iPX
— EllioTrades (@elliotrades) May 13, 2024
Cat Memes to Outperform Dog Memes
EllioTrades suggests that dog-themed memes will underperform compared to cat-themed ones. Roaring Kitty, known for his role in the GameStop (GME) saga, posted cryptic videos, one of which mentioned, “the dog days are over.” EllioTrades interprets this as a hint that cat-themed memecoins are poised for a breakout.
The influencer plans to increase his exposure to various cat-themed memes, including $MOG (ETH), $Popcat (SOL), $Toshi (BASE), $SC (SOL), and $MICHI (SOL). Additionally, EllioTrades is betting heavily on $KITTY, despite buying it near its recent top.
The Beginning of a New Cycle
EllioTrades believes that the current market cycle is just beginning, contrary to numerous recent top calls. He acknowledges that money has been circulating in a player-versus-player (PvP) fashion since Bitcoin hit new all-time highs. However, he attributes this to excitement over ETFs rather than a true market peak.
Global liquidity, which EllioTrades claims is making moves similar to those seen at the start of previous major cycles, is expected to peak in June 2026. This leaves ample time for memecoins to soar. For non-memecoins, EllioTrades is focusing on gaming and AI-related coins with significant attention and few to no token unlocks.
Real Memes Will Dominate
EllioTrades predicts a shift in the memecoin landscape. He argues that older classes of crypto investors have not been at the forefront of social media trends, resulting in the dominance of “boomer trash” memes. However, this is expected to change as a new generation of traders, particularly from TikTok and Gen Z, enters the market.
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These traders will flock to memes they recognize and find cool, such as $HAMMY (Sad Hamster), which EllioTrades bought because of its popularity on TikTok. The ability to spot undervalued memes based on their real-world virality will become a valuable skill in this new market environment.
EllioTrades concludes his thesis with a cautionary note. He acknowledges his reputation for mid-curving memes and expresses a desire to improve. He emphasizes that his insights are not financial advice and encourages readers to exercise caution.