$USELESS is the greatest memecoin narrative to emerge out of the trenches this year
and i think many are underestimating just how well this narrative is positioned to reach hundreds of millions and billions in market cap, God willing
especially if the #USELESS community starts working more surgically and aggressively to spread the word
USELESS coin is up over 1,000% in the past week, and at one point yesterday, it was up as much as 70%—all while the markets were melting down in response to the Israel-Iran war... the most significant direct military confrontation in the Middle East in decades
what do you think happens if major mainstream media publications and financial analysts catch on to this? a coin called USELESS trading at a $70 million market cap, with over $20 million in 24h volume, and up over 1,000% in a week—including 70% on the day of the biggest Middle Eastern crisis in decades!
i'm sure they'll be all over it, highlighting it as proof of crypto’s uselessness and irrationality of the markets, which will only bring more attention to USELESS coin and create a flywheel effect. and that’s the whole idea behind USELESS!
as a USELESS holder, the most important thing you can do for your bags right now is identify as many journalists, fintwit accounts, high-profile politicians, celebrities, and crypto critics as possible—and let them know what’s happening with USELESS in the face of the current global and geopolitical instability
the ongoing Israel–Iran war is widely regarded as the most significant direct military confrontation in the Middle East in decades
yet $BTC has barely budged and continues to hold firmly around $105,000
it's funny watching people try to play doomer, inciting panic in hopes that others will sell
but the current price action shows no real signs of bearishness for bitcoin or crypto—even in the face of one of the biggest geopolitical crises the world has seen in decades
there's so much pent-up demand for bitcoin that it's barely offering any dips
and this is without even factoring in the likelihood that major players might start viewing bitcoin as a hedge against political instability, just like gold, especially as adoption keeps accelerating
even if the situation in the Middle East escalates further, any pullback will likely be shallow and short-lived... if we even get one
every major memecoin got obliterated by news of Israel's attack on Iran
major cryptocurrencies like $BTC, $ETH, and $SOL weren’t spared either
$USELESS coin, on the other hand, has held up incredibly well and acted as a better store of value
it's consolidating around its old ATH and looks primed for the next leg up
kind of ironic that the one cryptocurrency that explicitly says it offers no value or usefulness is the one holding up best in the face of the biggest war and geopolitical tension of the year 😅
$floki is arguably the most ignored and underrated memecoin on CT
and besides @Bluntz_Capital, @MacroCRG, @ColdBloodShill, and @honey_xbt (all of whom, ironically, have a track record of taking non-consensus trades on CT and winning consistently), I rarely see anyone talking about it
except floki is not your average memecoin
it has crazy popularity and a cult-like following among normies
and it's the only major memecoin to survive from last cycle besides $DOGE and $SHIB (where it made a $3.5 billion ATH!)
i like unpopular plays that people go out of their way to ignore—especially if the play has super strong fundamentals
and floki perfectly fits the bill!
i think many will be forced to talk about floki soon enough
i see a lot of manchildren attacking me due to the USELESS coin price action lately
which, ironically, makes me even more bullish on the coin
i've only held and bought more—and it's clear and visible that i'm the biggest holder, and down just as much as they are
i really don’t think you’re cut out for this game if you’re whining and kicking every day because some random CT anon isn’t bullposting your bags daily
if you got in solely because 'Bonk guy shilled,' that’s on you. i’ve repeatedly said not to *blindly* follow me into a trade
if you got in because you believe in the idea and narrative, then work for your bags and stop whining like a child
odds are that $HOSICO has bottomed here, if you ask me:
- it has experienced an ~80% pullback from its ATH in just four weeks and looks to be bouncing - memecoins in general look poised for a marketwide rally, which should provide tailwinds - $BONK is likely to be one of the strongest outperformers in the next leg of the memecoin rally, and HOSICO is the main cat beta to BONK (supported by BONK OGs, whales, and core contributors)—so it should move alongside BONK - mindshare is significant for HOSICO, USELESS, and the top BonkFun plays due to the hate and FUD they've been getting recently. so when they start rallying again, the move could be aggressive
overall, I think top BonkFun plays are extremely oversold and due for a bounce across the board—especially considering current market sentiment and how things are likely to evolve for memecoins from here
you could attribute the hate these coins have gotten recently to several reasons: 'BonkFun ecosystem hate,' 'bonk guy hate,' or whatever else
as someone who's spent a significant amount of time in these markets, i’ve found that massive pullbacks induced by hate attacks like this almost always end up being profitable—especially when the hate has nothing to do with the actual fundamentals of the projects or ecosystems involved
of course, it's not easy buying these dips—but then again, making it in crypto is never easy!