Ben Walther
--
Bullish
Why $R/SNOOFI ??
Received a couple of requests, asking why I mentioned Snoofi in my meme listings — although it has a tiny market cap compared to tokens such as $DOGE $PENGU or $AIXBT ...
First of all, I think a good meme portfolio should have a good mix of market caps. DOGE, for example, will have its run — but you won't make a 100x.
That's why I have some microcaps in my meme portfolio.
The risk is definitely higher, but the upside is massive too.
So why Snoofi? Simply put: It's one of my conviction plays because I like the idea, niche, and community..
However, to make it more tangible and quantifiable, here are my top reasons why I have it in my portfolio.
🌟 The token launched a year ago, and the community is still active. The subreddit has a community of 7,000 members.
🌟 Snoofi operates in a niche: reddit. Therefore, it does not fight for the same attention as many other tokens on X. Probably one of the most important aspects.
🌟 The chart looks "perfect" — it showed its potential in the beginning, then a hard drop followed by a loooong bottom. Of course, it could go lower, but the upside potential is much higher.
🌟 The holder structure looks healthy. Moreover, based on the current price, it is easy to get 0.5-1% of the supply.
Fun fact: If Snoofi reaches its ATH again, we would see a price increase of almost 4,500%. In other words, if someone invested $100, they would end up with $4,500.
Received a couple of requests, asking why I mentioned Snoofi in my meme listings — although it has a tiny market cap compared to tokens such as $DOGE $PENGU or $AIXBT ...
First of all, I think a good meme portfolio should have a good mix of market caps. DOGE, for example, will have its run — but you won't make a 100x.
That's why I have some microcaps in my meme portfolio.
The risk is definitely higher, but the upside is massive too.
So why Snoofi? Simply put: It's one of my conviction plays because I like the idea, niche, and community..
However, to make it more tangible and quantifiable, here are my top reasons why I have it in my portfolio.
🌟 The token launched a year ago, and the community is still active. The subreddit has a community of 7,000 members.
🌟 Snoofi operates in a niche: reddit. Therefore, it does not fight for the same attention as many other tokens on X. Probably one of the most important aspects.
🌟 The chart looks "perfect" — it showed its potential in the beginning, then a hard drop followed by a loooong bottom. Of course, it could go lower, but the upside potential is much higher.
🌟 The holder structure looks healthy. Moreover, based on the current price, it is easy to get 0.5-1% of the supply.
Fun fact: If Snoofi reaches its ATH again, we would see a price increase of almost 4,500%. In other words, if someone invested $100, they would end up with $4,500.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.