I think the overton period of utility projects > memes are ending.
There are absolutely max level grifting on “utility” projects, and the euthanasia post about memes most likely marked the bottom of it.
+ people are straying away from it, which means alot more opportunities.
btw this is not a dunk post - if you think this is one you are fucking retarded, avast is a goat
the coins he hold are basically the measurement of each chain’s volume
Cashcat = RH
Marscoin = BNB
overlay both charts w the DEX volume on both chains and you get it
robinhood:0x020bfc650a365f8bb26819deaabf3e21291018b4 is no longer consensus btw
think it rips alot harder than what most people think
literally a unvampable meme on rh
80-85m cashcat is fucking attractive
its gona come soon, they will do it to liquidate all longs and reset funding then V reverse so they cant reposition
you heard it here first
I think this retarded, but one account im watching as a good “meme” barometer of volume is @0xAvast’s FOMO balance.
I think once it wicks below 2.3M, can comfortably size into cashcat
i think 80M is a nice wick below and shake many people out.
then V bounce to 200m
now that everyone deemed on chain dead and are pivoting into perps to get raped double
we bottom and then leave these plebs with no positions, and on-chain rockets 2-3x again
People are overcomplicating things.
All of us just want price go up.
Imo, on chain bottoms when RH does.
I think Cashcat is gona catch the most bid other than anything else. The overemphasis of rev generating & annualising shit that exists less than a month is comical
honestly if RH round 2 starts and you dk what to buy
literally just buy cashcat and fuck off, there are a million "fundamental" projects but only 1 that is named after RH's OG name + only meme listed on RH
its really that simple, i think we DCB into 140m, then bottom at 90m
On-chain will bottom soon.
I see alot of good signs, people posting that on-chain aint worth it anymore, liquidity scared to buy anything, people calling RH base 2.0
people drawing squiggles of things going down to zero after -80% (reminds me of the up squiggle)
soon.
fwiw - i think Robinhood bottoms first, they led the first out, they will lead the second round again
$CASHCAT is the barometer of RH’s volume btw, if you dk what to buy, then just buy CC & wait.
The only “meme” listed on Robinhood natively (not just added, but listed)
soon
Robinhood on chain is in the process of bottoming out.
My guess is chop for another week or so with the prices here, or lower by another 10-15%
either way, DCA-ing here wins.