Aaron Arnold, the founder of Altcoin Daily, has spotlighted Shiba Inu as one of the meme coins he firmly believes could be a worthwhile investment for those looking to build wealth in the current bull market.
In a recent video, Arnold partnered with Rodney, a recognized expert in meme coins, to discuss the importance of taking meme coin investments seriously in the cryptocurrency landscape.
**Why Meme Coins Deserve Attention**
Rodney stressed that meme coins possess the potential to yield life-altering profits during a bull market. He pointed out that the cryptocurrency arena is still largely speculative, with many meme coins driven more by price speculation than by technological innovation.
Rodney reflected on the origins and growth of meme coins, notably the remarkable success of Dogecoin and Shiba Inu, which achieved market capitalizations of $80 billion and $40 billion, respectively, at their pinnacle in 2021. He underscored that while these assets may have begun as jokes, their astonishing billion-dollar market caps are anything but humorous.
Moreover, Rodney noted that the focus within the meme coin sector has shifted from offering shallow use cases to prioritizing community engagement, narratives, and content. He is confident this shift enhances the sustainability and appeal of meme coins.
**Shiba Inu in the Spotlight**
While recognizing that many meme coins are scams or unsuccessful ventures, Rodney maintained that certain tokens could still yield significant returns.
When discussing the top five meme coins likely to deliver substantial profits, Arnold and Rodney presented differing selections.
Arnold included Shiba Inu among his top five high-conviction choices, while Rodney offered his own list of meme coins that he believes could outperform Shiba Inu.
**PEPE**
Rodney kicked off his list with Pepe, a meme coin he owns and believes has promising potential. Pepe emerged during a bear market and reached a market cap of $1.6 billion, gaining listings on most major exchanges. It is associated with the “Boys Club” narrative, a comic book meme that predates Bitcoin itself.
Although Pepe lacks intrinsic value, its vibrant community has propelled its market cap to $5 billion, with an all-time high of $7 billion. Rodney invested when it was valued at roughly $90 million and is optimistic that Pepe will surpass most other meme coins, possibly becoming the largest ERC-20 token. He considers Pepe his first high-conviction investment.
**Bonk Inu**
Rodney’s second high-conviction selection is Bonk Inu (BONK), which sparked a new wave of meme coin enthusiasm on the Solana blockchain. BONK was the first to market on Solana, providing affordable meme coin transactions and revitalizing the Solana ecosystem. Rodney is extremely bullish on BONK, actively accumulating more whenever he can. Currently the fifth-largest meme coin, BONK’s market cap stands at $2 billion and tends to move in tandem with Solana’s performance.
**Brett on Base**
Next on Rodney’s list is Brett on Base (BRETT), a pioneering meme coin on the Base blockchain, which is Coinbase’s Layer Two solution. BRETT also aligns with the “Boys Club” narrative and boasts a robust community. Rodney is optimistic about BRETT due to its connection with Coinbase, the largest cryptocurrency exchange in the U.S., which could facilitate mass adoption. He anticipates that as retail investors re-enter the crypto market, they will naturally migrate from the Coinbase platform to their wallets to purchase BRETT.
Currently valued at $1.5 billion, BRETT ranks as the seventh-largest meme coin by market cap. Rodney predicts that BRETT could soar to between $10 billion and $50 billion in the next market cycle.
**Other Notables**
Rodney’s list also includes other meme coins like PONKE on SOL and Coq Inu. He views these meme coins as valuable opportunities with the potential to deliver transformative returns for investors.
**Disclaimer:** This content is for informational purposes only and should not be construed as financial advice. The opinions expressed in this article are those of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment choices. The Crypto Basic assumes no responsibility for any financial losses incurred.