Top Crypto Trader Shares His 5 Meme Coin Portfolio Picks, Terms One 'The DOGE Of This Cycle'

Author: Khyathi Dalal | July 22, 2024 04:12pm

Prominent crypto trader Smiley Capital shared his meme coin portfolio, which he believes they will yield significant returns.

What Happened: Smiley Capital disclosed his memetic portfolio which includes Pepe (CRYPTO: PEPE), MUMU, DOG THE NFT, POPCAT and MOG.

LONG AWAITED SMILEYLARPITAL MEMETIC PORTFOLIO REVEAL

Yes, I know I'm 2 months late. If my assistants can't do it, I'm likely going to be late to everything. Sue me.

So, without making this into a super-long post, lets get straight to it;

I've been focusing on accumulating only… https://t.co/pBBvr0Te2d

— 🙂 (@smileycapital) July 22, 2024

PEPE is “the most famous bag” and the trader’s largest holding, which he has been accumulating at a valuation between $400 to $500 million. He terms it the "Dogecoin (CRYPTO: DOGE) of this cycle" and the blue-chip meme coin of the cycle, targeting a market capitalization of $50 to $100 billion thanks to PEPE being “the best Ethereum and Trump beta with a low unit bias.”

Mumu The Bull (CRYPTO: MUMU), similar to PEPE, is a meme used since 2018 in financial markets, including crypto, according to the trader He terms it the "leading bull memetic token, on the most famous online casino named Solana." His target sits at $5 to $10 billion for MUMU.

DOG THE NFT (CRYPTO: DOG), according to Smiley Capital, is the “Mona Lisa of crypto.” He believes that when DOGE "pulls a 10-15x, add a zero to DOG gains." The trader predicts a valuation of $10-$15 billion for the meme coin.

Popcat (CRYPTO: POPCAT), he believes, “will make normies laugh” and hence, will go pop to $5 to $10 billion. Finally, Mog Coin (CRYPTO: MOG), the “embodiment of zoomer TikTok/Instagram culture,” is his “largest cultural bet.” He calls it the best ETH/PEPE beta with a $20 to $25 billion target.

Also Read: Dogecoin, Shiba Inu, Pepe Will Still Have Supercycle But ‘2021 May Never Happen Again,’ Muses Trader

Why It Matters: Smiley Capital revealed that he has been accumulating these five coins in the second half of 2023 and first quarter of 2024. He believes that concentrated conviction with size beats a ‘spray and pray' method, especially with meme coins that carry zero fundamental or long-term value.

He also mentioned that he has bought all of these tokens on open markets and is up 5-12x on every single one of them but plans not to sell the majority until the bull market tops.

What’s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next:

• Solana ‘No Longer In Ethereum’s Shadow, SOL Could Outperform ETH,’ Says Expert

Posted In: $DOGE $PEPE