- Murad thinks only memecoins can do up to 500x in the upcoming bull run.
- The analyst compared memecoins with ADA, XRP, and LINK of 2017.
- High-surging cryptos usually have low market caps.
Crypto analyst Murad, a prominent voice on X platform, predicts that memecoins could outperform other cryptocurrencies in the next bull market, citing potential returns of 100x to 500x. He compares this potential surge to the historical performance of established altcoins like Cardano (ADA), XRP, and Chainlink (LINK).
The next $ADA $XRP $LINK type die-hard cult community early projects that end up going on 100-500x runs that you have been looking for since 2017 will be found in Memecoin land this time around— Murad (@MustStopMurad) June 27, 2024
Notably, the altcoins Murad mentioned experienced significant rallies during past bull runs while still in their early developmental stages with relatively low market caps. ADA’s initial surge began in late 2017, with the then-new altcoin surging over 2,000% within two months. ADA later rallied over 5,000% within ten months, starting in November 2020.
XRP experienced a similar trajectory in 2017, surging over 30,000% within te…
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