you need to be at the extreme end of either side of the spectrum to make it in crypto today: giga brain or completely retarded
there is no middle ground
on one end of the spectrum you have $HYPE, arguably the most useful cryptocurrency today
on the other end you have $USELESS, unapologetically the most useless cryptocurrency imaginable
better yet, position on both ends of the spectrum
HYPE and USELESS barbell
sometimes outperformance is that simple:
holding both the most useful and most useless cryptocurrency
and just chilling until year end
screenshot this!
$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:
โข $PENGU
โข $SPX
โข $WIF
โข $FARTCOIN
we'll see if i'm right โ 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 dumpโฆ 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 โ and i'll probably get more
but this is going to change when this ends up trading in the multi-billions later this year โ and it will, GOD WILLING
but the key question for now: do you want to miss the most obvious memecoin trade of the cycle?