Lots of people calling tops on #USELESS and other coins like $hosico I personally believe that is incorrect.
$bonk is looking strong on top of majors ripping, most liquidity is focused on majors right now but trickle down economics (I know its not a soundproof theory) suggests this is a stall into new ATHs.
majors, crypto and @bonkfun have insane metrics and once a $PUMP releases, deployers and traders are less incentivized to use the platform because there's no looming airdrop.
2 cases for the $PUMP drop:
It sends, causing sol and the trenches to explode causing many multiple M mc runners. strong memes will pump, regardless of what platform they are on which is bullish for the main bonk runners. BONK is undervalued comparative to pumps MC and sends causing the ecosystem to follow
second (not preferred) $PUMP dies and becomes a major loser for retail which causes the trenches to die. bad for all ecosystems but the BONK revenge trade is alive that could be the second leg for the ecosystem (id take profits quickly on a recovery here).
both show strength for bonk and the ecosystem itself, as a trader you need to identify what motivates liquidity and under what circumstances. Liquidity is always there your job is to follow it accurately to take advantage of said liquidity. If you're waiting on @theunipcs to save your bags don't hold your breath he can only do so much and has done more than enough already.
Would like to give my two cents on people who are confused on where to go from here from someone actively trading everyday since 2021:
Crypto has something for everyone.
whether you have $100 or $1m you’re able to participate in many diff ecosystems so port size is never an excuse. I started with 0.08 eth and have never depod more capital into crypto so I’ve been there and can relate to the small port sizes and have experience managing a large port now as well.
Crypto does not live and die by memecoins.
The main focus of crypto is adaptability and finding trends before critical mass. I’ve been an NFT trader, airdrop farmer, utility coin investor, social capital farmer, and a gamefi participant all in the course of the last couple years.
Bear or bull is irrelevant to stacking capital.
My largest trades (6 fig cooks) have all been in the bear market. Stacking digital coins is the core focus of bear market with bulls being the optimal point to stable and retire or load up on ammo to repeat the process of accumulating coins to reach your targets to exit crypto.
TLDR if you think it’s over, it’s not. While everyone is bidding dips on coins and memecoins, gamefi has never looked better and airdrop farming has never been easier with their points of entries. Broaden your horizons if you want to really be part of this game.