GM DOers!

What do Harry Potter, Obama and PacMan have in common?

Literally nothing. Except, they all somehow got their names jumbled together in a wild memecoin named HarryPotterObamaPacMan8Inu, which skyrocketed by 800% over the weekend. 

Yeah, if you can’t tell, the bull market is back, and things are starting to make 0 sense again, as memecoins dominate the market.

Okay, hold up a minute. Why the F*** is Web3 Academy talking about memecoins these days?

Don’t worry, we’re not turning into DOGE maxis (although maybe we should) . 

Instead, the reason we’re covering memecoins today is because usually, memecoin rallies are followed by insane altcoin surges – and that excites us. 

So let’s talk about: 

• Robinhood Listing $WIF

• Every Meme Up Only

• RFK JR Wearing $MOG Glasses at ETHDenver

• Why Memecoin Season Matters

Stick around until the end as we’re looking into whether or not Altcoin Season is here & what you need to do to capitalize on it. 

Let’s get into this, my friends. ⏬

Memecoin Season Breakdown

Robinhood Listing $WIF

Remember when Robinhood, about a year ago, removed $SOL from its platform and sold off everyone's tokens at $15 on their behalf? 

Fast forward a year, with $SOL's value up by almost 10 times, that very same Robinhood now thinks it's cool to add a random memecoin named DOG WIF HAT to its exchange. (It’s literally a dog with a hat…)

Ekata

@ekataCT

Robinhood to list Dogwifwhat (WIF).

1,281

11:47 PM • Feb 29, 2024

If that’s not the craziest 180, I don’t know what is… 

Now, hold your horses (I mean dogs) because Robinhood is only planning to list $WIF on its EU-based exchange, which is much smaller than the US counterpart. 

Regardless, upon the Robinhood news, $WIF pumped to over $1.7 billion in market cap, reaching $1.73.

Context: 2 months ago, $WIF was $0.07, with a sub $100 million market cap.

In other, more exciting news, Robinhood Wallet teamed up with Arbitrum to enable cheaper and faster trading onchain. 

Arbitrum (💙,🧡)

@arbitrum

We’re very excited to announce a long-term collaboration with @RobinhoodApp that will encompass features dedicated to lowering the barrier for onboarding new users into Web3 through #RobinhoodWallet

newsroom.aboutrobinhood.com

Robinhood Wallet and Arbitrum Team Up to Expand Access to Layer 2s - Robinhood Newsroom

Robinhood and Arbitrum announced a collaboration that simplifies the path to Layer 2s (L2s) by giving Robinhood Wallet users access to Arbitrum swaps through decentralized exchanges. 

1,762

6:44 PM • Feb 29, 2024

But let’s go back to memecoins for a second… 

Every Meme Up Only 🚀

Led by the $WIF hype, other memecoins like Dogecoin, Shiba Inu and Pepe have gone up significantly in the past 7 days.

This has led to new meme tokens such as WEN and PopCat to gain popularity too. 

However, none have gotten as much attention as $MOG.

RFK JR Wearing $MOG Glasses at ETHDenver

MogCoin is a self-described symbol of winning and success of Ethereum. Whatever that means…

Well, at ETHDenver, the independent candidate for President of the United States, Robert F. Kennedy Jr. was spotted wearing Mog-related glasses.

MOG COIN

@MogCoinEth

Out here mogging at ETHDenver with RFK Jr

931

3:17 AM • Mar 3, 2024

I’m sure he had no idea what these glasses symbolized so he just went with the flow but this picture has captured everyone’s attention on X over the weekend.

$MOG is up 350% in the past 7 days. 

Meme Market: NFTs Meet Memecoins 🎨

An exciting memecoin innovation is being built on Base. 

Base 🛡️

@base

𝗢𝗡𝗖𝗛𝗔𝗜𝗡 𝗗𝗔𝗜𝗟𝗬

Come for the memes, stay for the fun on @mememrkt

meme.market

257

8:48 PM • Feb 28, 2024

Meme.market connects memecoins with picture memes through ERC-1155 NFTs, creating a bridge between digital tokens and the memes they represent on the Base L2 network. 

It functions as both a trading space and a creative platform for meme enthusiasts. Pretty cool.

Why Memecoin Season Matters

Historically, memecoin surges have often been followed by insane altcoin rallies.

Why?

Because memecoins are fun and speculative, a nature that usually attracts retail investors into the markets, who are looking for a quick buck. 

Later on, retail investors shift from memecoins to better altcoins, with actual utility and growth potential, sparking the so-called Altcoin Season.

This has happened many times before, especially at the beginning of bull markets. 

Will this happen this time around? Let’s explore.

Is Altcoin Season About to Explode? 💥

For Altcoin season to begin, we need 1 thing: retail investors – and they’re not quite fully back. 

Let me explain. 

The chart below shows the total market cap of all cryptocurrencies combined – it has gone from $1.65 to $2.35 trillion dollars, up a whopping 700 billion. 

But here’s the deal: Bitcoin alone added $366 billion to its market cap.

In other words, ~52% of new money in the crypto market went into Bitcoin, not altcoins, which is usually the case in Altcoin Seasons.

Is this about to shift? Is the Altcoin Season about to explode?

The first real indicator of retail investors returning to crypto is the surge in popularity of Coinbase’s App Store application. 

On February 14th, Coinbase was ranked 418th among all apps and 32nd among all finance apps.

Coinbase App Rank Bot (unofficial)

@COINAppRankBot

$COIN App Rank
14 Feb 8AM

All Apps
418
446 (13 Feb 8PM)

Finance Apps
32
36 (13 Feb 8PM)

1

4:00 PM • Feb 14, 2024

Today (March 4th), Coinbase went up to 150th among all apps and 12th among finance applications.

Coinbase App Rank Bot (unofficial)

@COINAppRankBot

$COIN App Rank
3 Mar 8PM

All Apps
162
150 (3 Mar 8AM)

Finance Apps
12
12 (3 Mar 8AM)

66

4:00 AM • Mar 4, 2024

That growth is insane… Coinbase even crashed at some point last week due to increased traffic.

Brian Armstrong 🛡️

@brian_armstrong

We are dealing with a LARGE surge of traffic - apologies for any issues you encounter. The team is working to remediate.

10.8K

5:59 PM • Feb 28, 2024

Another great indicator of people returning to crypto are Google searches. According to Google Trends, we can see a significant growth in interest for Bitcoin. 

Again, ‘crypto’ and ‘Coinbase’ searches are still quite low comparatively.

So it’s clear that all of the buzz around crypto recently has been driven mainly by Bitcoin, thanks to the popularity of ETFs. 

However, retail is slowly but surely coming back!! 

So here’s the truth: This isn’t the real bull market… yet! 

We’re still not in the ‘wake up in the middle of the night and check your positions’ season just yet.

Altcoins are still lagging behind, but it’s just a matter of time until they start to rally too! 

As that starts to happen, remember these things:

Firstly, don’t let your degen bag become your main bag! 

If your low-cap moonshots are going to grow to match your $ETH or $BTC positions, don’t be afraid to start taking some profits. 

Don’t be the guy that round trips its bag to the moon and back. 

Secondly, remember the market can stay irrational longer than you can stay solvent.

Don’t try to ape into every other token that gains hype. If random tokens make it on your X feed, chances are you’re too late to the party.

I know it’s hard, especially when people share how they’ve made millions…

OSF

@osf_rekt

In December I sold 2 Fidenzas to buy $WIF after reading a @blknoiz06 tweet and feeling max cope from ETH ecosystem not moving.

Accumulated just over 4m tokens. Had a couple of moments where I panicked and sold the entire stack, only to buy it back in its entirety on the same…

1,489

4:35 PM • Mar 3, 2024

But don’t despair, the opportunities are plenty! The last thing you want to do is jump from token to token. That’s your 1-way street to failure. 

Thirdly, enjoy the ride!

Web3 Academy was born and built in the bear and most of our readers are OGs! We’ve been waiting for years for these market rallies.

Let’s make sure to freaking enjoy them.

Thanks for reading. And remember, you're strong, you’re powerful, you’re alpha! ❤️

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Disclaimer: This article is for informational purposes only and not financial advice. Conduct your own research and consult a financial advisor before making investment decisions or taking any action based on the content.