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Cryptocurrency News Articles

Keanu meme coin: should you build an early position in this new Solana-based token?

Nov 18, 2024 at 09:50 pm

Keanu is scheduled for a DEX fair launch on Tuesday, November 19, to tap on a post-election rally in Bitcoin that many now believe could be worth $200,000

Keanu meme coin: should you build an early position in this new Solana-based token?

Keanu (SOL) is finally set for a DEX fair launch on Tuesday, the 19th of November, to tap on a post-election rally in Bitcoin that many now believe could be worth $200,000 in a few years.

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This comes as a surprise since, unlike other meme coins, Keanu is going straight to the market without first launching a presale. But why is the latter important?

Well, because presales are all about hype that markets can tear to shreds. A fair launch, on the other hand, is all about price action and delivers “transparency, inclusivity, and the absence of any discriminatory practices in the distribution of a newly introduced digital asset.”

Let’s dive deeper and find out what else makes Keanu an interesting name to consider building an early position in.

Should you build an early position in Keanu meme coin?

Keanu is the world’s first meme coin themed after Keanu Reeves; one of the most adored actors in the history of US mainstream media. It is also touted to be the best new meme coin for early investors because it is a “pure Solana meme play”.

This is significant considering how the likes of Dogwifhat and Pepe Unchained have done exceptionally well this year, indicating strong demand for Solana-based meme coins.

Plus, experts are calling for a meme coin supercycle ahead now that the pro-crypto candidate, Donald Trump has defeated Kamala Harris to become the 47th President of the United States.

And Keanu could particularly benefit from such a supercycle as other Solana-based tokens may have already had their moment in the sun while Keanu is in its early innings only at writing.

If you’d like to know more about this meme coin dubbed the “nicest coin on the planet” to decide whether you’d like to park some of your capital in Keanu, you should click here to visit its website now.

What else could help propel Keanu meme coin’s price to the next level?

Last week, we covered how BCA Research analyst Dhaval Joshi said that Bitcoin is a non-confiscatable asset that could hit $200,000 valuation with a pro-crypto president in the Office.

“Bitcoin comprised less than 10 percent of total market for non-confiscatable assets. As its share increases, and supply reached upper limit, Bitcoin price has substantial upside,” he told clients in a recent research note.

BTC price action is key for Keanu as it tends to set the direction for the crypto market at large. In other words, when Bitcoin rallies, other tokens tend to climb as well.

Highlighting another factor that could be beneficial for the Keanu-Reeves-themed meme coin, we also recently reported on the US Federal Reserve lowering its key interest rate by another 25 basis points.

Lower rates tend to make bonds and saving accounts less attractive, helping drive capital into risk-on assets like cryptocurrencies, at least some of which may find its way into Keanu.

All in all, the recent macro developments are pointing towards a meme coin supercycle ahead – and Keanu looks particularly well-positioned to capitalise on it. Click here to learn more about its tokenomics.

Original source:invezz

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