seriously though:
attached is the $USELESS vs $BTC chart
sentiment for Bitcoin and crypto is the worst it's been all cycle, with many genuinely worried about some Luna & FTX-style meltdown resulting from Saylor and $STRC
meanwhile USELESS is:
- up vs USDT today
- up vs $SOL today
- up vs BTC today
objectively speaking: what is the rationale for fading this chart and such incredible relative strength?
especially since it's happening very consistently lately!
it's almost as if USELESS was designed for moments like this... and the market is starting to realize it! 🤷♂️
crypto spent the past few days making the case for $USELESS better than i ever could 😂😅
if you still don't get it by now, i genuinely don't know what to tell you 🤷♂️
$useless is the first meme I didn’t paper hand after a week or two because in general I can’t stand meme coins. But, this crypto has me feeling different so not only did I drop good money into it I added and adding more. Community a lot like $RENDER very good and active.
$USELESS is genuinely giving me strong pre-explosion 2023 $PEPE vibes
$PEPE went 1,000%+ to $3 billion+ seemingly out of nowhere and outperformed practically everything in the market
$USELESS has now made yearly highs vs:
• $PENGU
• $SPX
• $WIF
• $FARTCOIN
we'll see if i'm right — but i really like what i'm seeing so far!
it's also worth noting that an overwhelming majority of USELESS OGs are sidelined on this run-up
do you know what that means?
even many of the loudest OGs from the previous run large year are largely out of tokens
translation: very little cheap early supply available to dump on this pump
that increases the odds of this move being more sustained and more explosive
even more interesting: this run appears to be driven largely by fresh participants and fresh capital
that matters
many established memecoins tend to have two major cycles:
the first: launch, chaos, hype, hard pump and then a massive crash (usually a 95% plus correction)
the second: months of consolidation after the brutal dump… then a violent move to new highs
that second move is often bigger and more explosive
it's usually the phase where a memecoin proves it wasn't a one-cycle wonder
IMO, that's what USELESS is going through
there's a reason i've been talking about USELESS nonstop for months like a maniac:
it's genuinely hard for me to imagine a stronger memecoin narrative this cycle.
i've gotten plenty of flack for almost exclusively and relentlessly shilling $USELESS for months now — and i'll probably get more
but this is going to change when this ends up trading in the multi-billions later this year — and it will, GOD WILLING
but the key question for now: do you want to miss the most obvious memecoin trade of the cycle?
last cycle:
- $DOGE hit $88 billion
- $SHIB hit $43 billion
odds are high that at least one memecoin pulls a DOGE / SHIB-type move this cycle
it's hard to imagine a stronger contender than $USELESS
why?
- arguably the strongest memecoin narrative to emerge since DOGE: 'all memecoins are useless / almost all of crypto is useless'
- outperformed for much of last year while the trenches were dead — including during some of the market’s ugliest periods (Iran-Israel conflict, Trump tariff volatility, etc)
- sustained mindshare + volume for over a year, separating it from most short-lived memecoin hype cycles
- survived a ~95% drawdown, rebounded ~300% from the lows, and appears to be gearing up for an aggressive move into new highs
- persistent whale and smart-money accumulation recently
all the ingredients of a DOGE / SHIB-style asymmetric memecoin runner are there
the only question is:
will you be positioned… or watching from the sidelines?
imagine missing $DOGE and $SHIB last cycle
missing $PEPE and $BONK after the FTX explosion
and then finally getting another chance with $USELESS — the next DOGE/SHIB-type play of this era — yet still choosing to sit idle instead of simply sizing in and relaxing
many will eventually have the same story about $USELESS:
'it was right in front of me. i had countless chances to size in, but i faded it'
'in hindsight, it was obvious this was THE make-it play of the cycle'
imagine having zero exposure to $USELESS here
this is like having months to buy $DOGE or $SHIB sub-$100m in 2021 before they suddenly exploded into $10b+ giants
or having months to accumulate $PEPE and $BONK sub-$100m in 2023 before they ripped into the multi-billions
hindsight is always 20/20
but right now, i genuinely don’t see a stronger memecoin narrative relative to market cap than $USELESS 🤷♂️
$USELESS relative strength returning
it's also so crazily oversold compared to most other memecoins
this is just a build up for what is coming IMO
it won't be too long before it becomes clear that $USELESS is the $DOGE / $SHIB type play of this cycle
even i feel underexposed!