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 canโt 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?
Donโt worry, weโre not turning into DOGE maxis (although maybe we should) .
Instead, the reason weโre covering memecoins today is because usually, memecoin rallies are followed by insane altcoin surges โ and that excites us.
So letโs 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 weโre looking into whether or not Altcoin Season is here & what you need to do to capitalize on it.
Letโs get into this, my friends. โฌ
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. (Itโs literally a dog with a hatโฆ)
1,281
If thatโs not the craziest 180, I donโt know what isโฆ
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.
Weโre 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.
But letโs go back to memecoins for a secondโฆ
Every Meme Up Only ๐
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 meansโฆ
Well, at ETHDenver, the independent candidate for President of the United States, Robert F. Kennedy Jr. was spotted wearing Mog-related glasses.
Iโm sure he had no idea what these glasses symbolized so he just went with the flow but this picture has captured everyoneโs attention on X over the weekend.
$MOG is up 350% in the past 7 days.
Meme Market: NFTs Meet Memecoins ๐จ
An exciting memecoin innovation is being built on Base.
๐ข๐ก๐๐๐๐๐ก ๐๐๐๐๐ฌ Come for the memes, stay for the fun on @mememrkt
meme.market
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? Letโs explore.
Is Altcoin Season About to Explode? ๐ฅ
For Altcoin season to begin, we need 1 thing: retail investors โ and theyโre not quite fully back.
Let me explain.
The chart below shows the total market cap of all cryptocurrencies combined โ it has gone from $1.65 to $2.35 trillion dollars, up a whopping 700 billion.
But hereโs 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 Coinbaseโs App Store application.
On February 14th, Coinbase was ranked 418th among all apps and 32nd among all finance apps.
$COIN App Rank
14 Feb 8AM
All Apps
418
446 (13 Feb 8PM)
Finance Apps 32 36 (13 Feb 8PM)
Today (March 4th), Coinbase went up to 150th among all apps and 12th among finance applications.
$COIN App Rank 3 Mar 8PM All Apps
162 150 (3 Mar 8AM) Finance Apps
12 12 (3 Mar 8AM)
That growth is insaneโฆ Coinbase even crashed at some point last week due to increased traffic.
We are dealing with a LARGE surge of traffic - apologies for any issues you encounter. The team is working to remediate.
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, โcryptoโ and โCoinbaseโ searches are still quite low comparatively.
So itโs 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 hereโs the truth: This isnโt the real bull marketโฆ yet!
Weโre still not in the โwake up in the middle of the night and check your positionsโ season just yet.
Altcoins are still lagging behind, but itโs just a matter of time until they start to rally too!
As that starts to happen, remember these things:
Firstly, donโt let your degen bag become your main bag!
If your low-cap moonshots are going to grow to match your $ETH or $BTC positions, donโt be afraid to start taking some profits.
Donโt 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.
Donโt try to ape into every other token that gains hype. If random tokens make it on your X feed, chances are youโre too late to the party.
I know itโs hard, especially when people share how theyโve made millionsโฆ
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 sameโฆ
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 sameโฆ
But donโt despair, the opportunities are plenty! The last thing you want to do is jump from token to token. Thatโs 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! Weโve been waiting for years for these market rallies.
Letโs make sure to freaking enjoy them.
Thanks for reading. And remember, you're strong, youโre powerful, youโre alpha! โค๏ธ
How'd you feel about our read today?
Are You Fairly New to Crypto & Web3?
Let us help you wrap your head around this industry thatโs constantly transforming.
Take our Free 1-hour Web3 Rabbit Hole Course to learn the foundational components you need to start building and investing successfully.
Recommended Tools ๐
Secure Your Crypto w/ a Hardware Wallet โ Get a Ledger Today
Join us on Discord | Follow us on Twitter
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.
Collect this post as an NFT.