Miles argues that we are currently in a "meme coin supercycle" where meme cryptocurrencies are significantly outperforming other sectors of the crypto market. He points out that over the past few months, meme coins like Pepe, Wif, and cat-themed coins have seen massive gains, often beating major cryptocurrencies.
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Miles believes this trend is likely to continue and even strengthen. He suggests that those who have been sidelined or underexposed to meme coins should consider increasing their allocation. Miles recommends aiming for at least 10-20% of one's crypto portfolio in meme coins, focusing on sector leaders like Pepe, Wif, and top cat coins like Popcat and MOG.
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He emphasizes the importance of regularly reviewing portfolio allocations and having conviction in holdings. He advises against holding onto underperforming coins just to recoup losses, instead suggesting a shift into assets with stronger conviction and performance.
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Miles shares his personal strategy of focusing on leading meme coins in various micro-sectors rather than trying to find new, low-cap meme launches. He believes this approach is less time-consuming and potentially less risky for the average investor.
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While acknowledging the potential for high returns, Miles also stresses the importance of patience and smart entry points. He suggests watching for pullbacks to key support levels or breakouts above significant resistance (like the $1 billion market cap) as potential entry opportunities.
Overall, Miles strongly believes that the meme coin trend is not something to be ignored or faded for the remainder of this market cycle, stating that those who pay attention and have exposure to this sector will likely see significant returns.
