In the previous cycle, meme capitalization $DOGE was valued at more than 95 billion USD. Currently, the total portfolio of #memecoin in the market is only worth 69 billion USD => The potential is huge ahead.
People hate#memebecause meme projects are often not "Professional", have no platform, roadmap, etc.
Most new players like "PROFESSIONAL" because it brings "SAFETY". However, the few remaining players who have experienced the ups and downs of the market, they aim for the "NATURE" of the game because they understand that "PROFESSIONAL" is just a cover for the essence.
The nature of financial markets is a zero sum game, where funds and whales swallow small amounts. When Reddit creates a playground, letting the community decide the development direction and price of a token (for example #FLOKI #Dogecoin #PEPE✈ ) => Memes are the "NATURE" and niche culture of crypto.
#BTC &#ETHmy view next week, Blackrock is still collecting while other funds are still selling, news that ETH ETF is about to be approved for S1 application so the cash flow is gradually entering ETH, please limit selling, this period should only be soup Buy
I bought this price, you can get on the boat if you want!!!
The image below is the OTHERS chart, representing coins not in the top 10.
This chart represents retail investors, who often choose coins outside the top 10 because they expect better price increases (because the capitalization is still small). It represents the majority of coins we are holding.
As you can see, OTHERS has been bullish (up only) from June 2023 to March 2024 (10 months), and the chart is tending to correct rather than go up.
So, we need to accept the truth here: altcoin and memecoin have been bullish for 10 months. You can expect this chart to continue to rise, but in the event of a healthy correction every 5-6 months is still completely obvious, consider it common sense.
> tech project represents technology > meme project representing community and culture > These two things have equal roles, you should not maxi or bias one of the two
- good technology + good culture community => pump - good technology + community with bad culture => pnd - bad technology + good culture community => pump (pure meme) - bad technology + community with bad culture => dump only
What builders need to do during the period of no new cash flow:
> use memes, do not cause hostility > add memes to product > create a highlight, impress top meme or culture coin communities = retroactive, beta access or other types of incentives. > studying internet culture, don't resist
What investors need to do:
- allocate categories according to current reality - In pvp market, if the high area is being sucked => move to the low area - Participate in some strong cultures - working for your bags - keep learning about NFTs
The US economy 🇺🇸 added 152K jobs in May, less than the forecast of 173K and much lower than the previous month of 188K The number of jobs added for April was revised down from +192K to +188K
Bad news is good news because it shows that the labor market is slowing down and the unemployment rate is increasing. The employment index decreased compared to expectations => More people are unemployed, the V-shaped cash flow cycle will decrease, meaning consumption will decrease, which is good for inflation to decrease and the market to go up.
In essence, the Fed also hopes so, as long as unemployment does not decrease too much. If from raising interest rates to reducing interest rates, people have jobs and have a prosperous life, then there is no need to pump money, on the contrary, reduce them. Interest rates are high but people are still unemployed and hungry, so we definitely have to pump money.
So if you study macro in a mechanical and stereotypical way, most people will think that lowering interest rates according to history means the economy will be in crisis. They say it's not wrong but it's not right because crisis = reduced interest rates + high unemployment. . Because it has decreased but there are still not many jobs, it is truly a crisis, because of the crisis we have to pump money.
#BlackRock Bitcoin ETF has surpassed $20 billion in less than 5 months, the fastest in the history of all ETFs.
Even though BlackRock Bitcoin is still actively collecting BTC, there is no reason for us to sell them off because simply the success rate in Blackrock's investment deals is always high.
There are many reasons, but one of them is the very large amount of data that Blackrock owns through a company called Aladdin (can be searched on google) with thousands of servers collecting data from ancient and modern cultures and history. For hundreds of years, not only finance but almost all fields of culture, entertainment, and media have Blakcrock's hand silently behind it.
The Euro season is coming soon, so I predict that many meme tokens will create a trend to follow
Why should you not buy or hunt seasonal meme tokens like this without experience?
Because it's just a seasonal, short-lived meme and it relies on the psychology of ignorant people to create FOMO.
Only hunters can profit from seasonal tokens like this by playing DEGEN & GAMBLE. Otherwise, just watch and learn, don't hold seasonal tokens if you don't understand.
The most anticipated investment segment but the weakest performance in the past 2 years is probably Layer2.
Layer2 could be an "echo bubble" of investing in Layer1 in the previous cycle when the majority mistakenly thought number 2 would be stronger than number 1. In 2022, I also mistakenly thought the same until everything became clearer in 2023.
This is not FUD, this is FACT.
The assets with the strongest increase in the past 2 years are still in Layer 1: Solana, Ethereum, Bitcoin and most recently TON and Ronin.
In terms of "technology", other areas such as RWA, DEPIN or Restaking operate much more effectively than Layer 2.
Layer2's poor performance is also due to capital being diluted into hundreds of different Layer 2s. While in other investment fields, there are only a few options.
In my personal opinion, for Layer 2 to develop sustainably, there should be a high level of "stress testing", maybe even a black swan specifically for this investment segment, which can be called "the collapse of Layer 2". ".
This collapse is temporary, after which we will see that the most practical, well-functioning, and community-driven Layer 2s will be able to endure and survive.
#gamefi is starting to make a comeback, the most typical one currently is $PIXEL , the upcoming chapter 2 will be released, promising to change the meta with a solid roadmap in the future.
Holder and Player Pixel are also increasing steadily since launch, upcoming rewards will also increase according to skill levels, meaning the more you level up, the more $PIXEL you will receive, in general about the game and earn is currently At PIXEL, the build is quite good
Regarding technical analysis, PIXEL has broken the downtrend and is rapidly moving upward with relatively high volumes. Currently, the RSI from the 4h frame to D1 is also a bit high, so you can wait to backtest the $0.45 - 0.4 range. can get on board, the immediate target is approaching $0.7 - $0.9
While adjusting and creating a price base in the 14-15x range, #PEPE✈ is still the meme coin with the greatest appeal to the community according to Lunarcrush.
The Attention Economy & How #memecoin Generate Cash Flow
Many people don't understand why meme coins are rising in price because they lack a framework to evaluate them. They cannot analyze the cash flows of these assets like they can with other assets. I will explain more about the value of meme coin based on "ATTENTION".
Let's First Look Back at How Facebook Makes Money
Facebook (Meta) has a market capitalization of $1.1 trillion, mainly from advertising. Although free to users, 95% of Facebook's revenue comes from paid advertising thanks to attracting the attention of billions of users. This attention is the final product that Facebook sells to advertisers.
Back To Meme Coin
On the internet, memes are how people communicate. The most popular meme is the meme that spreads the most on social media. People cannot assign value to memes because they are not doing the right analysis. The value of a meme lies in the attention it attracts, not the direct cash flow.
Cryptocurrencies enable the financialization of memes by attaching altcoins to memes. This is similar to how Facebook makes money from attention. Stars also make money from their fans' attention, for example Kylie Jenner creates products and makes billions of dollars.
Meme coins are valuable because they attract great attention. In the attention economy, this is worth it. We need to change our assessment to properly understand the value of attention that memes bring. Cryptocurrencies allow us to financialize this attention, generating cash flows from meme coins.
In short, meme coins are like companies using advertising and stars launching products, converting attention into cash flow.
Concept of previous crypto seasons: Build technology + tokens then launch to the market to attract the community.
Concept this season: Meme Build the community that owns that token first, then build an ecosystem on that community to create cash flow
That is why old altcoins have almost no ability to recover this season and are gradually eliminated while memes are becoming stronger and stronger because the ownership community is increasing and the money flow is increasing day by day. big.
Regardless of which layer (1,2,3 or -1), we call it Blockchain and consider what problem that blockchain solves, the monopoly ability, and the user aspect.
Specific examples:
1. TON is a blockchain that aims to bring crypto to 1.5 billion Telegram users. TON is exclusive and TON is being supported by users => Long-term investment is possible.
2. RON is a separate blockchain for gaming, RON is not exclusive but is leading and shows no signs of exhaustion => Long-term investment is possible.
3. DOGE is also a blockchain, everyone loves DOGE, Elon loves DOGE, really easy to understand => Long-term investment possible.
Layer 2 of any blockchain should only invest in tokens of the original blockchain.
For example: There are many Layer 2 of Ethereum being built, so you should only invest in ETH.
If investing in L2, you need to consider the vision of that L2, like OP can completely invest because OP builds something much more macro than L2, Super Chain.
And if L2 promotes technology that readers absolutely do not understand, cannot implement, and has no users (up to now), then in general it is still in a state that cannot be escaped.
Solana, Fantom, TON can prove L2 is not necessary.
The success of Base proves that L2 does not need to launch a token.
Therefore, I personally predict that there will be a memecoin running on Layer 2 with better price increase performance than all Layer 2 currently on the market.
It can be called "Endgame" for Layer 2. What most expect for this bull cycle.