Analyst Calls Dogecoin, Shiba Inu, FLOKI ‘Dino Coins’, Here’s What It Means

Crypto Analyst Predicts Altcoin Season Led by Meme Coins

A crypto analyst, 'Vapor', has analyzed the performance of meme coins and altcoins in the upcoming bull run. He categorizes popular meme-based cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI as "Dino Coins," emphasizing their potential to surge during the altcoin season.

Meme Coins as "Dino Coins"

In a detailed X (formerly Twitter) post, Vapor identifies several meme coins, including PEPE, Dogwifhat (WIF), BONK, Dogecoin, Shiba Inu, and Floki, as "blue chip" meme coins. These coins have established a level of stability and market acceptance, supported by strong communities and listings on major Centralized Exchanges (CEXs).

Vapor suggests that these meme-based cryptocurrencies, or "Dino coins," are often overlooked or experience stagnant value during bearish periods. However, they tend to regain interest and momentum as the market turns bullish.

Blue Chip Meme Coins' Advantage

According to Vapor, blue chip meme coins have a distinct advantage: they can "catch high multiples." Unlike most altcoins, meme coins have a higher probability of experiencing significant rallies to new highs, creating substantial financial opportunities for investors. However, it's important to note that meme coins are also highly volatile and speculative, carrying the potential for steep declines and significant losses.

Meme Coins to Lead Altcoin Season

Vapor predicts that blue chip meme coins will lead the altcoin season, benefiting from increased demand and popularity among crypto investors. He observes that meme coins have been the preferred choice for many investors over traditional altcoins, attributing this to their low dilution and mass appeal to retail investors.

Vapor highlights the significant rallies experienced by Dogecoin and Shiba Inu during the previous bull run in 2021, demonstrating the potential for meme coins to rise again in the upcoming altcoin season. He suggests that even with the emergence of new altcoin categories, mass retail investors will likely gravitate towards CEX-listed meme coins, as they did in the previous cycle.

Altcoin Season Tied to Bitcoin's Performance

Vapor's analysis also highlights the correlation between altcoin performance and Bitcoin's dominance. He suggests that Bitcoin must surpass its previous all-time high of $73,000 for the altcoin season to fully commence.

However, Vapor remains optimistic about Bitcoin's potential to reach new heights, citing upcoming Federal Reserve (FED) rate cuts, Spot Bitcoin ETF inflows, and the US presidential election as factors that could contribute to a further rally. He emphasizes that while the existence of an altcoin season is not in doubt, the extent of its magnitude remains uncertain.