My thesis update for $TOSHI The Blue Cat of @base
First of all, I really do think @Toshi_base is set for at least $1b+ at the end of the bull cycle, and probably multiple billions, dependent on a few requirements in my check list that heavily rely on @base's success
I think it's a bit more complicated on why you should have not only just $TOSHI, but why you should hold the largest meme coin on @base by a large margin (that is fairly launched)
What is @base?
The Base chain is the clear come up chain of this cycle, having a rocky start in August of 2023 and slowly building it's TVL & VOL metrics.
Now inching closer than ever to flipping @solana, with a clear path via institutions such as @jpmorgan deploying their deposit token on @base and other institutions following which will obviously multiply @base TVL & Volume metrics by at least 10x+
The main core thesis has always been since 2023 that @coinbase will funnel their 100m users from their CEX to the on chain l2 chain, @base
With DEX wallet integration coming in <30 days it hasn't been a better time to get into @base native tokens before retail's easiest path to crypto adoption is via @base tokens, especially the biggest memecoin on @base which is clearly $TOSHI
TA Analysis
I always keep you up to date on my Analysis around $TOSHI on my X @dopeoxide so be sure to ring the π
$TOSHI is very clearly in its early stages of setting up a new ATH probably within the next 3 months with RSI momentum flipping positive with clear seller exhaustion.
I expect acceleration for the Blue Cat after a confirmation above $0.00065
When it comes to invalidation, $0.00046 is my point and if we were to break down below, I would expect a longer re-accumulation to occur but there is no reason to think we're going to do that right now.
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And a few other tangible reasons why I'm bullish on $TOSHI π
$TOSHI is named after @brian_armstrong Cat
Brian Armstrong is the new "CZ" of this bull cycle
π₯ Base Native MEME
π₯ Fair launch (CEX's like this)
π₯ Product & Utility (which specifically Coinbase favours)
π₯ Toshi tools & moreβ¨π₯ TGE August 2023 (before base official bridge)
With been one of the oldest successful meme coins on @base and it being fairly launched, it gives it a lot of merit not just around potential narratives, but CEX's listing the Blue cat
I expect more T1's to list $TOSHI throughout the bull cycle which will most likely be the catalysts that propels us beyond $1b+
There isn't much time to accumulate $TOSHI especially with BTC in price discovery.
Of course, Do Your Own Research! None of this is financial advice
.@Toshi - Face of Base
-> Only meme besides $PEPE & $SHIB to have done 1B+ volume in the eth + L2 ecosystem
-> Highest retail(reddit) community size after $PEPE
& $SHIB
-> First @base
memecoin, First non-rug cat coin
-> @coinbase products dating back to 2014 have been named Toshi (Mascot)
.@Toshi - Face of Base
-> Only meme besides $PEPE & $SHIB to have done 1B+ volume in the eth + L2 ecosystem
-> Highest retail(reddit) community size after $PEPE
& $SHIB
-> First @base
memecoin, First non-rug cat coin
-> @coinbase products dating back to 2014 have been named Toshi (Mascot)
"if we succeed, it will be the biggest thing to happen to $toshi since inception"
iirc shortly after @CocosLair cto'd toshi, he said his goals for the project were to turn toshi into a global brand and to be the first base meme listed on @coinbase.
so far coco and toshi have a pretty solid track record of turning goals into reality.
and whatever coco and team are currently cooking is set to dwarf those early goals.
wouldn't be sidelined here.
The @base business model in a nutshell:
@coinbase has over 100 million users on their CEX
Now they are funneling them all on chain to Base where they will earn millions in profits from fees revenue thanks to the L2 business model
It's genius
π Just stacked another 2.18 MILLION $TOSHI for $441 AUD! πΊπ°
Total bag now sitting at 45.4 MILLION and climbing.
50 MILLION token target is in sight β still DCAing every dip with full conviction.
No noise, just stacking. Still ridiculously early for $TOSHI π₯β‘
The @base business model in a nutshell:
@coinbase has over 100 million users on their CEX
Now they are funneling them all on chain to Base where they will earn millions in profits from fees revenue thanks to the L2 business model
It's genius
So many zombie chains out there that have raised millions of dollars and built up a ton of hype but have no real users
Inflated valuations that lead to investors getting wrecked
Want to know a trick?
Follow the chains that have all the users
Thatβs why I love @base
Even though I donβt want to share yet what weβre doing as nobody has been able to figure this out yet, I can tell you that every conversation I have had the past week has made this bigger, stronger, given it more substance. Everyone is in that I told about it.
Excited
So many zombie chains out there that have raised millions of dollars and built up a ton of hype but have no real users
Inflated valuations that lead to investors getting wrecked
Want to know a trick?
Follow the chains that have all the users
Thatβs why I love @base
For over 3 years Iβve been calling for @base to become the biggest L2 by 2026
At first people thought I was crazy but now everyone is starting to realize just how big Base is going to be next bull market
The Base narrative is just getting started
Reminder that this is the bear market where you can change your life
Learn about narratives, get involved in communities, keep it simple, build a plan and follow it
A few great trades can make you millions in markets like these
Have some conviction and donβt f*ck this up