denzel

"Laughter is the new liquidity." | Capitalizing on humor with #memecoins | Telegram:

[denzel @BlueChipApe]

#MemeCoins are the result that you get when internet humor gets in bed with crypto blockchain technology.

I'm "currently" bullish on these new emerging meme coins like $PEPE $WIF $BONK $BRETT $FLOKI $MOG etc. just like everyone else here, but let's be smart and recall the important recent history of meme coins and the potential volatility in this new emerging internet asset class (culture as an asset class).

Let's not forget back in 2021, $DOGE hit $85B in total market cap value during a unique pandemic environment + the blessings from @elonmusk with almost maximum internet attention due to mandatory lockdowns + panic money printing from the central banks to prevent global systemic risk.

Fast forward 3+ years later to 2024, we now have a total meme coin market cap value of about $50B and a total crypto market value of $2.25 trillion dollars. #WallStreet has bought into the crypto narrative with #bitcoin and #ethereum ETFs brought online for the masses (with #Solana coming online soon it seems).

If we take into consider of the amount of money in the system today + Wall Street's fat money participation + growing cost of living everywhere + the persistence of global internet humor via #memes + many more reasons...what would be the appropriate total market cap value of crypto? Would it be going ~5x from $2.25T to $10T? If so, with meme coins currently at ~$50B in total market cap, I think we can easily capture the slice of the bigger crypto pie here. Even at $100B total meme coin market value would be a double from here...

This is clearly not financial advice and I'm not saying this is all going to happen the way we all want it to, but the probability seems interesting if you consider all the variables in play. It's been about 9 years now since the first launch of a meme coin (DOGE, the joke that took off) and this asset class continues to persist across the internet.

And so...today meme coins stand at ~50B in market cap. Years from now, I can easily see this hitting well over $100B in total meme coin market cap value. The question is...how about a $1 trillion? :)

Let's make the bet! I'll be documenting my journey at https://t.co/fALnrYVH9a and testing my thesis. I encourage you to follow and share you inputs as capitalize on humor in this next decade. After all, I believe #LaughterIsTheNewLiquidity

[Hsaka @HsakaTrades]

The top 10 coins at the peak of the '17-18 cycle.

6 out of 8 (not counting btc, eth) have been among the top performers of the past few weeks.

Time is a flat circle.

[Michael Saylor @saylor]

$MARA has upsized its bond to $850m + $150m option.

[Hsaka @HsakaTrades]

XRP Volume:

3.5x of BTC on Coinbase
#1 across all perps aggregated

Any kind of inflow into the market, no matter the source, is always appreciated.

The money is already there, now you just need to be a good storyteller so that some of it is redirected to #yourbags

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

looks like $WIF has bottomed btw

should rip super hard soon if animal spirits continue to rage

i didn't post the chart earlier because it has been weak vs others for a while now

but it's starting to look good again here

SEND IT!

[Hsaka @HsakaTrades]

Top performers (top 100) since the election.

If you caught none of these, you're not locked in enough.

If you caught all of these, you need to quit trading and seek help.

[denzel @BlueChipApe]

$GOAT testing support

[denzel @BlueChipApe]

$BRETT

[denzel @BlueChipApe]

$BRET wowowow

[denzel @BlueChipApe]

$BRETT higher

[AlΞx Wacy 🌐 @wacy_time1]

Promising AI Agents projects to massive pump during Altseason:

AI Agents:
$BULLY - @dolos_diary
$AIXBT - @aixbt_agent
$SAINT - @Saint_SatoshiAI
$LOLA - @lola_onchain
$VADER - @Vader_AI_
#ZEREBRO - @0xzerebro
$LUNA - @luna_virtuals
$OPUS - @opus_genesis
$AVA - @AVA_holo
$GAME - @GAME_Virtuals

Infrastructure:
$VIRTUAL - @virtuals_io
#AI16Z - @ai16zdao
$HAT - @TopHat_One
$VVAIFU - @vvaifudotfun
#GRIFFAIN - @griffaindotcom
$SERV - @openservai
$ARATA - @arataagi
#CLANKER - @clankeronbase

Memecoins:
$GOAT - @gospelofgoatse
$AVB - @AVbeingsCTO
$ACT - @ACTICOMMUNITY
#FARTCOIN - @FartCoinOfSOL
$LUM - @luminousbase

[denzel @BlueChipApe]

$BONK continues to make great progress

[Raoul Pal @RaoulGMI]

Ok, it's Sunday so Im off to touch sand for a bit having written the Dec 2024 Global Macro Investor. I'll leave you with one chart Im watching like a hawk...

$SUI/$SOL - inverse H&S is compelling if it breaks.

[Raoul Pal @RaoulGMI]

But..but..but...I thought $ETH was ded?

Holy shit, thats a chart...strap in.

[denzel @BlueChipApe]

$BRETT higher

[denzel @BlueChipApe]

Oh my, $DOGE might just get to $100 billion market cap this cycle. Gotta watch other meme coins too $SHIB $BONK

[David Marcus @davidmarcus]

How Libra Was Killed.

I never shared this publicly before, but since @pmarca opened the floodgates on @joerogan’s pod, it feels appropriate to shed more light on this.

As a reminder, Libra (then Diem) was an advanced, high-performance, payments-centric blockchain paired with a stablecoin that we built with my team at @Meta. It would’ve solved global payments at scale. Prior to announcing the project, we spent months briefing key regulators in DC and abroad. We then announced the project in June 2019 alongside 28 companies. Two weeks later, I was called to testify in front of both the Senate Banking Committee and the House Financial Services Committee, which was the starting point of two years of nonstop work and changes to appease lawmakers and regulators.

By spring of 2021 (yes they slow played us at every step), we had addressed every last possible regulatory concern across financial crime, money laundering, consumer protection, reserve management, buffers, and so much more, and we were ready to launch.

We had worked on a slow rollout of a limited pilot that some members of the Fed’s Board of Governors were supportive of. At last, Chair Jay Powell was ready to let us move forward in a limited way. The story, as I heard it, is that Jay Powell was told by Treasury Secretary Janet Yellen at one of their biweekly meetings that allowing this project to move forward was “political suicide,” and she would not have his back if he let it happen. I wasn’t in the room when this conversation happened, so take these words with a grain of salt, but effectively this was the moment Libra was killed.

Shortly thereafter, the Fed organized calls with all the participating banks, and the Fed’s general counsel read a prepared statement to each of them, saying: “We can’t stop you from moving forward and launching, but we are not comfortable with you doing so.” And just like that, it was over.

One essential point is worth making here. There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill—one that was executed through intimidation of captive banking institutions. That was the hardest part of this story for me personally. Not that we had failed, but that America, this country I immigrated to and became a proud citizen of because of its rule of law and value system, behaved in such a way for political reasons. It was a very tough pill to swallow.

The bright side of the story, though, was the many learnings from this wild ride. By the end of the project, we had made so many concessions to get a thumbs-up that the whole design of the network became a Frankenstein of our initial ambitions.

We also learned the biggest lesson of all, which is that if you’re trying to build an open money grid for the world—eventually moving trillions of dollars a day, designed to be here 100 years from now—you have to build it on the most neutral, decentralized, unassailable network and asset, which, hands down, is Bitcoin.

And now this is what many of us who went through this scarring journey are building together at @Lightspark. And this time, we won’t stop until we get it done!

[toly 🇺🇸 @toly]

🦾🦾🦾

[Joe McCann @joemccann]

Follow the flows

[Discover @0x_Discover]

This is GCR – arguably the greatest crypto trader to have ever lived.

Thanks to him, I sold $LUNA at $90.

He told people to buy $SHIB.

He started with $2,000, and now he has over $100 million. 🧵👇

[denzel @BlueChipApe]

Niceeeeee $DOGE #memecoins

[denzel @BlueChipApe]

#MemeCoins are the result that you get when internet humor gets in bed with crypto blockchain technology.

I'm "currently" bullish on these new emerging meme coins like $PEPE $WIF $BONK $BRETT $FLOKI $MOG etc. just like everyone else here, but let's be smart and recall the important recent history of meme coins and the potential volatility in this new emerging internet asset class (culture as an asset class).

Let's not forget back in 2021, $DOGE hit $85B in total market cap value during a unique pandemic environment + the blessings from @elonmusk with almost maximum internet attention due to mandatory lockdowns + panic money printing from the central banks to prevent global systemic risk.

Fast forward 3+ years later to 2024, we now have a total meme coin market cap value of about $50B and a total crypto market value of $2.25 trillion dollars. #WallStreet has bought into the crypto narrative with #bitcoin and #ethereum ETFs brought online for the masses (with #Solana coming online soon it seems).

If we take into consider of the amount of money in the system today + Wall Street's fat money participation + growing cost of living everywhere + the persistence of global internet humor via #memes + many more reasons...what would be the appropriate total market cap value of crypto? Would it be going ~5x from $2.25T to $10T? If so, with meme coins currently at ~$50B in total market cap, I think we can easily capture the slice of the bigger crypto pie here. Even at $100B total meme coin market value would be a double from here...

This is clearly not financial advice and I'm not saying this is all going to happen the way we all want it to, but the probability seems interesting if you consider all the variables in play. It's been about 9 years now since the first launch of a meme coin (DOGE, the joke that took off) and this asset class continues to persist across the internet.

And so...today meme coins stand at ~50B in market cap. Years from now, I can easily see this hitting well over $100B in total meme coin market cap value. The question is...how about a $1 trillion? :)

Let's make the bet! I'll be documenting my journey at https://t.co/fALnrYVH9a and testing my thesis. I encourage you to follow and share you inputs as capitalize on humor in this next decade. After all, I believe #LaughterIsTheNewLiquidity

[denzel @BlueChipApe]

$BRETT is shexxy