the earlier you realize
that $USELESS is the $DOGE / $SHIB type play of this cycle
and position accordingly
the better your portfolio will look in a few months
useless:btc in an uptrend for ~3 months now
targeting largecap memes, not sure if there's a better play here other than useless and fartcoin
i know everyone hates this, but largecap memes are starting to feel like a free 5x, with the only path dependency being a btc turnaround
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! 🤷♂️
$SOL strength and outperformance is becoming increasingly obvious by the day
could be an interesting week for SOL if $BTC does not spoil the party
as usual, expect $USELESS to lead the eco 👀
while i am mostly a memecoin guy
i must admit that a lot utility tokens are ridiculously cheap here
i mean i understand that 99.9% of them are useless vaporware, but still... they're hard to fade with most of them down 99%
tell me:
what utility plays should i be bidding at the lows here?
shill me your coins!
$USELESS will make a New ATH by end of Summer! 🌕
Whales accumulating & OI is the highest compared to all other Memes!
We will see $100M, $300M, $500M, $800M, $1B, $3B, $5B in MC!
All other crypto’s are $Useless 🙂↕️
the chart for $USELESS right now shows classic sideways movement, holding steady around the $0.076 mark, tucked between its short and long simple moving averages. volume is drying up into this range, which often means sellers are getting tired.
this kind of quiet consolidation can look boring, but it's where patience gets tested. it could be absorption before the next move, or it could just be a cooldown. the key is watching which way it breaks from here, but this isn't the structure of an immediate dump.
$USELESS is squeezing above support with RSI at new highs on the weekly
short term price action is USELESS when you zoom out a little and see the bigger picture
$USELESS billions don't seem too far away..
some interesting things bubbling up under the surface for $USELESS. over the last 24 hours, the bigger wallets (the 'whales') are net buying $2,077 worth of $USELESS. meanwhile, the smaller wallets - sharks, dolphins, fish - are all net selling. seems like the same old story: patient money quietly stepping in while others look away.
$USELESS just had some of the most volatile daily price action I've seen in a long time
from -13% on the day and testing VAL to swinging 16% upwards in 12 hours to reclaim POC
moral of the story:
buy spot $USELESS and forget about it
people will scroll past $USELESS moving sideways and decreasing in volume and call it 'dead.' they don't see the quiet accumulation from smaller wallets happening underneath. that's exactly why they'll miss it.
whale wallets net sold $92k of $USELESS in the last 24 hours. meanwhile, shark, dolphin, and fish wallets were net buying by about $68k. if you think the big guys are smarter when they sell into this kind of absorption, you might be looking at the wrong numbers. this is pure WEALTH TRANSFER.
most people aren't watching closely, but $USELESS is quietly showing some real strength here. it's currently ranking #3 for 24-hour performance among the top 20 memecoins, outperforming names like DOGE, SHIB, and PEPE which are all further in the red.
add to that over $19 million in open interest across exchanges, a whopping 26.1% of its market cap. derivatives desks are paying attention to $USELESS in a way that suggests this quiet period might just be getting mispriced.