Qiao Wang, co-founder of Alliance DAO, shared his thoughts on the market dynamics that led to each cycle’s top narrative. In the X post, he noted how there’s “an opportunity for retail to outperform professionals�?every cycle.

The alpha is for retail to get involved at a time when there’s too much career risk for professionals to get involved.

Solana and the “intersubjective culture coins,�?as Wang called memecoins, have dominated the ongoing cycle. The meme-based tokens�?popularity has often been criticized for a lack of utility and “substance,�?frequently resulting in a “quick buck�?for their creators and a few early buyers.

As reported by NewsBTC, crypto traders Ansem and Kel debated the value of memecoins in the Unchained podcast. In the interview, the traders explained there’s value in memes and culture on the internet, which makes a comparison with other altcoins “pointless.�?/p> They added that the crypto community is “very internet-centered�?as its members understand the financial aspect and are very knowledgeable about online culture. As such, crypto investors realized there’s an opportunity to “financialize�?meme virality in the industry.

Additionally, they pointed out that the “shared experience of relating�?is another crucial factor driving the craze of meme-based tokens, as seen with the communities of Solana-based memecoins like dogwifhat (WIF) and Popcat (POPCAT).

Memecoins ‘Absorbed’ The Market’s Energy

On Sunday, Chris Burniske, the co-founder of Placeholder, also took X to weigh in on the memecoins frenzy. To him, “Memecoins�?tendency to trigger is all you need to observe to know they’ll be bigger than we expect in the expansion ahead.�?/p> In the post, Burniske revealed that he considers the “trend is clear�?as the cultural relevance NFT collections had in 2021 will be surpassed by some of the memecoin sensations of this cycle.

It is worth noting that, on October 7, the total market capitalization of Solana memecoins surpassed $10 billion, as SolanaFloor reported.

Solana co-founder Anatoly Yakovenko replied to Burniske, sharing his theory for why memecoins became the leading narrative. Yakovenko considers that the previous cycles “were also 90% memes and 10% products.�?/p>

However, he suggests that today, the sector has monopolized the energy that propelled different narratives during other cycles: “My theory is that memecoins today have completely absorbed the meme energy that drove other cycles, like DeFi summer,�?Solana’s co-founder noted.

Crypto analyst Ardizor has outlined five memecoins to watch, anticipating that these assets could yield substantial returns as what he describes as the “biggest bull run” in crypto is set to commence in October.

According to Ardizor, Bitcoin (BTC) cycles typically begin 170 days after its Halving event and reach their peak approximately 310 days later. He suggests that starting in October, these memecoins and the broader market are positioned for significant gains that could surpass previous record highs.

Ardizor emphasizes that new bull runs often begin with liquidity flowing to established cryptocurrencies like Bitcoin and Ethereum (ETH) before shifting toward memecoins, setting the stage for a potential resurgence in the sector.

Five Tokens Poised For Major Gains

Among the memecoins Ardizor highlights are Sundog (SUNDOG), which has rapidly gained traction within the Tron network. He notes that Sundog is rooted in community engagement, aiming to unite enthusiasts and create “an inclusive ecosystem that offers various benefits for its holders.”�?/p>

Currently trading at $0.31, up nearly 6% in the 24-hour time frame, and with a market cap of approximately $287.7 million, Sundog stands out as one of the most promising new entries in the memecoin landscape, according to the analyst.

The memecoin has a market cap of around $280.6 million and is trading at $0.000040, up a substantial 96% in the last month alone, proving the analyst’s theory of further price gains and investor interest in the token. 

In addition, Neiro (NEIRO) is highlighted as a continuation of the Doge legacy. Associated with Kabosu, the dog behind the iconic Doge meme, Ardizor contended that Neiro captures the “true essence of memecoins and internet culture.”�?/p>

NEIRO currently has a market capitalization of $341 million, with a notable 52% increase in the last 24 hours, resulting in a trading price of $0.0012, and over 2,325% in the last thirty days alone, making it the best performing token on Ardizor’s list.