In a bold and controversial tweet, the popular crypto influencer known as “SlumDOGE Millionaire” has urged investors to ditch bitcoin and go all-in on memecoins and alternative cryptocurrencies for potentially astronomical gains during the current bull run.
Dismissing bitcoin as offering limited upside potential, the self-proclaimed “ProTheDoge” claimed that the top cryptocurrency might only 3x at best, even in an extremely bullish scenario where it reaches $250,000 per coin.
Instead, the influencer advocated selling any existing bitcoin holdings and redeploying that capital into a basket of alternative cryptocurrencies, ranging from established projects like Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), and Solana (SOL) to more speculative memecoins such as BRETT, WIF, PEPE, and FLOKI.
“If you want to make money and you’re currently holding bitcoin – sell it immediately,” SlumDOGE Millionaire declared in the Tweet that has since gone viral across the cryptosphere.
The logic behind this bold call seems to be rooted in the belief that lower-cap altcoins and memecoins have significantly higher potential for price appreciation compared to bitcoin’s already mammoth $500 billion-plus market capitalization.
Anything in the billions mcap currently will see multiple billions in the bull,” the influencer asserted, suggesting that cryptocurrencies like Dogecoin and Cardano, which rank among the top 10 by market cap, could still deliver substantial gains.
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Show more +Show less –However, the most eye-popping returns, according to SlumDOGE Millionaire, could come from even smaller-cap projects in the $10 million to $100 million market cap range. “You’ll do fine” with top altcoins, the influencer stated, but added, “If you want a greater upside buy BRETT, buy WIF, buy PEPE and buy FLOKI… will give you the greatest returns out of everything.”
It’s important to note that while the potential rewards of investing in low-cap memecoins and altcoins are tantalizing, with the possibility of 1000x gains being dangled, the risks are equally steep. As the influencer candidly acknowledged, “Anything between $10M to $100M mcap… can also very easily just drop down to zero. That’s the price you pay for a possible 1000X.”
This unabashed advocacy of high-risk, high-reward memecoin gambling has unsurprisingly polarized the crypto community. While some applaud the boldness and transparency of the take, others have criticized it as reckless and potentially contributing to a memecoin mania that could destabilize the broader market.
As the bull run rages on, the debate around prudent investment strategies is likely to intensify, with voices like SlumDOGE Millionaire’s amplifying the siren call of moonshot memecoin bets against more cautious voices advocating a measured, diversified approach with an emphasis on blue-chip cryptocurrencies.
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The post Forget Bitcoin This Bull Run: Buy Dogecoin (DOGE), Cardano (ADA), and These 6 Tokens for Serious Gains appeared first on CaptainAltcoin.
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