Shiba Inu Among High Conviction Picks to Invest in This Bull Market, Says Altcoin Daily Founder Aaron Arnold

Aaron Arnold, the founder of the Altcoin Daily channel, highlighted Shiba Inu among meme coins he strongly believes are worth investing in to achieve wealth in this bull market.

Aaron Arnold, the founder of the Altcoin Daily channel, highlighted Shiba Inu among meme coins he strongly believes in for achieving wealth in this bull market.

In a recent video, Arnold collaborated with Rodney, a meme coin expert, to discuss why crypto market participants should start taking meme coin investments seriously.

Why Take Meme Coins Seriously

Rodney emphasized that meme coins have the potential to bring life-changing gains in a bull market. He argued that the cryptocurrency market remains speculative, with meme coins often driven by price speculation rather than technological fundamentals.

Rodney recounted the origins and evolution of meme coins, highlighting the success of Dogecoin and Shiba Inu, which reached market caps of $80 billion and $40 billion, respectively, at their peak in 2021. He pointed out that while these tokens may have started as jokes, their staggering billion-dollar market caps are not jokes.

Additionally, Rodney explained that the current trend has shifted from offering superficial use cases to focusing on community, narratives, and content. He believes this shift makes meme coins more sustainable and attractive.

Shiba Inu Among High Conviction Picks

While acknowledging that most meme coins are scams or failed projects, Rodney emphasized that some can still bring significant gains.

When it comes to the top five meme coins capable of delivering substantial returns for investors, Arnold and Rodney have different lists.

Arnold includes Shiba Inu among his high-conviction top-five picks. Meanwhile, Rodney presented his own selection of meme coins that could offer better returns than Shiba Inu.Top 5 Crypto Meme Coins (High Conviction)

$Pepe

$Shib

$Brett

$Wif

$Wolf

The great @cryptojourneyrs brings the alpha!

Click here ?>> https://t.co/FTf8mFiJlc pic.twitter.com/Ez1J5qlMRA

— Altcoin Daily (@AltcoinDailyio) July 25, 2024

PEPE

Rodney shared his top meme coin picks, starting with Pepe, which he owns and believes will do well in the future.

Pepe emerged in a bear market and reached a $1.6 billion market cap size, getting listed on most major exchanges. It is part of the “Boys Club” narrative, a comic book meme older than Bitcoin itself.

Pepe has no intrinsic value, but its strong community has driven its market cap size to $5 billion, with an all-time high of $7 billion. Rodney got in at around $90 million and believes Pepe will out-perform most meme coins, potentially becoming the largest ERC-20 token. He considers Pepe his first high-conviction play.

Bonk Inu

Rodney’s second high-conviction pick is Bonk Inu (BONK), which started a new wave of meme coin craze on the Solana blockchain.

BONK was the first mover on Solana, offering cheap meme coin fees, and brought back Solana from the dead. Rodney is 1,000% bullish on BONK, holding and accumulating more when possible. BONK, the fifth largest meme coin, moves with Solana and has a $2 billion market cap size.

Brett on Base

Rodney’s next high-conviction pick is Brett on Base (BRETT), the first mover on the Base blockchain, which is Coinbase’s Layer Two. BRETT is also part of the “Boys Club” narrative and has a strong community.

Rodney is bullish on BRETT due to its association with Coinbase, the largest U.S. exchange, as it could help with mass adoption. He believes that when retail investors return to the crypto space, they will naturally progress from the Coinbase exchange to their wallet, where they can buy BRETT.

At $1.5 billion, BRETT is currently the seventh-largest meme coin by market cap. Rodney predicts that BRETT will reach $10-$50 billion during the next run.

Others

Other meme coins in Rodney’s list include PONKE on SOL and Coq Inu. He sees all these meme coins as a valuable investment set to make investors life-changing returns.

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