The only coins you need to watch on rh to gauge the state of the chain is pons, ai and cashcat. When pons performs utiliy does well, when ai and cashcat performs memes do well. Right now all of them are sitting at support with the robinhood summit beginning tomorrow.
Crucible Capital founder @Melt_Dem reveals how she financed her own GPU cluster with stablecoin debt and personal credit risk because she refused to sit out the AI boom:
"We're a no-name operator. They're like, who are these two women building compute? Their perception's like, who's this crypto lady?"
"We got debt from USDAI, which is a protocol that crowdsources capital through stablecoins, and the GPUs back the loans. We also took on some personal credit risk. I think being levered to the tits is a great way to live."
"In the greatest build-out of infrastructure in human history, are you really just gonna sit on the sidelines and tweet? I'm gonna ship some bangers, and I'm gonna take some risks, and if I die, I die."
"I'm not gonna sit there and tell my children, during the AI boom I sat back and I tweeted."
@CrucibleCap
sentiment on AI rn is the worst it’s ever been and it’s at $220m
ppl really over complicating this when the facts are it’s the leading rwa memecoin on the leading rwa chain
don’t do some mental gymnastics to fud yourself out guys
Most of last cycle's biggest memes looked boring right before they went parabolic.
Before their biggest move after launch, 7 of the 8 winners we studied spent weeks or months going sideways. The typical wait was about two months. It ranged from 25 days for SPX6900 to roughly 10 months for PEPE and BONK. FARTCOIN was the only one that trended straight to its top.
Look at POPCAT. It sat between $6M and $13M through February 2024 and bottomed at $6M on Feb 3. It broke out on Feb 29 and was at $358M by April 1.
The pattern repeats across the chart. The low came inside the range, weeks before the breakout. WIF and SPX6900 even dipped just under their ranges right before running. Once they went, the typical move took about a month from breakout to peak: BONK 113x the range top, SPX6900 53x, POPCAT 29x, MOG 17x.
The bottom row is today's consolidating leaders in the same view. AI, BONER, CASHCAT and PONS are 25 to 35 days into ranges of their own.
Higher high confirmed.
If you aren't already positioned, this dip is the best time to go shopping.
Crypto traders rotated to a bullish stock market while builders left for a more exciting AI sector.
Anyone who wanted to sell/leave would have done so by July due to price decline, prevalence of scams/rugs, and doomer sentiment.
Across the board, we see evidence of seller exhaustion. Bears and 4-year cyclers are stuck waiting for lower. Meanwhile, almost 80% of $BTC supply is cornered by long-term holders.
The path of most pain is up.
Uptober approaches.
@moneyhippie spacehood was launched by long team bought by nate on fomo and has 500k in unclaimed fees. It is one of the og long coins with stronger holders so the risk is lower imo. If long team ships an update that lets holders choose what to do with unclaimed fees, then it just reprices
If I'm right and we'll head into the next stage of the bull market soon-ish
We'll have one big price event where most things reprice all at once
That'll be the sign for most sidelined people that we are indeed in a bull market
Which is as usual late but that's just how it goes
"Starting with new community vaults that we will make available for ALL past pairs, and much more."
what happens anon?
robinhood:0xfe7e19cbce2f896c6c528bc355baf5a768291e18