As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.

Murad Mahmudov has been a prominent figure in the crypto space, starting with a $BTC fund back in the third cycle. Despite experiencing liquidation, he returned this summer with a bold new thesis: meme coins will be the standout performers this cycle.

He argues several points to support his thesis. Firstly, the market has become more savvy regarding Venture Capital (VC) funded tokens, which often have high Fully Diluted Valuations (FDVs) and low floats. This setup masks true price discovery due to token unlock schedules. Retailers may farm airdrops, but the rewards rarely outweigh the risks, especially when VCs are already up several multiples by the time tokens hit the market.

Secondly, Mahmudov highlights the mimetic nature of cryptocurrencies. Bitcoin itself started as a meme, a hobby for like-minded enthusiasts. Its meaning has evolved from peer-to-peer cash to a hedge against inflation, and now a store of value. Altcoins, he argues, are essentially meme coins too—disguised as securities, disguised as money. Without U.S. regulatory clarity, VCs, founders, and devs will continue playing the liquidity-chasing game: mining liquidity pools, launching mainnets, and dumping tokens on retail investors.

Mahmudov's thesis also touches on broader macro indicators, such as the widening social inequality gap and societal shifts like increased feelings of loneliness and a lack of physical community spaces. These factors, he believes, point toward a market cycle where Bitcoin will reach new all-time highs, and retail investors will flock to meme coins, valuing them for their potential community returns rather than their utility.

He argues that stories of rags-to-riches are more compelling, legends persist particularly within meme coins such as DOGE, PEPE, and BTC itself. These narratives attract more attention because humans are naturally drawn to tales of once-in-a-lifetime bets. On the other hand, stories of traders making profits from short positions are less appealing, likely due to the complexity of the trades and the negative sentiment surrounding market downturns.

One community that stands out in this meme coin supercycle is SPX6900. Their goal is simple: to have a market cap larger than the S&P 500. The token launched on August 16, 2023, with the following manifesto on their site:

"You were born into a world where buying a house means taking on a mortgage in the hundreds of thousands. A world where social security is more a myth than a safety net, despite having it deducted from every paycheck. You've entered an investment landscape where the Stock Market has already celebrated its most significant gains, leaving you to wonder what's left for you. You're navigating a reality shaped by the aftermath of 9/11, a crippling 2008 recession, an unprecedented global pandemic, runaway inflation, and escalating violence. You were born into a different America. One that's been forever altered by economic and social factors largely beyond your control. A new world that demands new solutions. SPX6900 is the reset. SPX6900 is the canvas on which new financial dreams are painted. It's a tapestry woven with the threads of human hope. It's the S&P500 with 6400 more. It's the stock market for the people. SPX6900 sows the seeds for a forest of tomorrows. SPX6900 nourishes the souls and bodies of millions. SPX6900 is for you, your children, and countless generations after."

This community has also developed an NFT collection and merchandise, often thanks to contributions from community members. Free cult labor as its called involves modding Telegram chats and conducting Twitter raids, where they reply, like, and retweet posts to increase exposure—a form of guerrilla marketing. Notably they are the group that coined memes such as “Stop trading and believe in something.” and “There is no chart, I love you.”

Here is their game plan which anyone can see by visiting their TG chat group.

Let's review their charts. I will also add this chart denominated in Bitcoin. I will leave it to you to decide what this chart is saying.

Community members have even bridged the token to other chains, though they warn users about the increased risk when using bridging protocols. Which bring me to Sideshift.ai.

Sideshift.ai is always ahead of the trend, enabling direct-to-wallet trades with $SPX earlier this month. Want to believe in something? Check out Sideshift.ai's undefeated wallet-to-wallet exchange with over 200 pairs. Your funds are safu and they've been around for several cycles now. Trade other memes too, like $MEW, $GIGA, and $APU.

Murad Mahmudov's thesis on meme coins as the outperformers of this cycle is both bold and insightful. As the crypto market continues to evolve, meme coins could indeed capture the spotlight, driven by their compelling narratives and the community-driven nature of their ecosystems. SPX6900, with its ambitious goals and dedicated community, exemplifies this trend.

For anyone interested in the exciting world of meme coins and wanting to stay ahead of the curve, make sure to follow Sideshift.ai.

As $BTC hits all-time highs and $ADA now identifies as a BTC L2 solution, the crypto market is abuzz with activity. Among the noise, meme coins are emerging as a significant force, capturing the attention of both new and seasoned investors. In this fast moving industry, let's dive into one of the most powerful communities in this cycle, spotlighted in Murad Mahmudov's meme coin supercycle thesis; SPX6900.

Murad Mahmudov has been a prominent figure in the crypto space, starting with a $BTC fund back in the third cycle. Despite experiencing liquidation, he returned this summer with a bold new thesis: meme coins will be the standout performers this cycle.

He argues several points to support his thesis. Firstly, the market has become more savvy regarding Venture Capital (VC) funded tokens, which often have high Fully Diluted Valuations (FDVs) and low floats. This setup masks true price discovery due to token unlock schedules. Retailers may farm airdrops, but the rewards rarely outweigh the risks, especially when VCs are already up several multiples by the time tokens hit the market.

Secondly, Mahmudov highlights the mimetic nature of cryptocurrencies. Bitcoin itself started as a meme, a hobby for like-minded enthusiasts. Its meaning has evolved from peer-to-peer cash to a hedge against inflation, and now a store of value. Altcoins, he argues, are essentially meme coins too—disguised as securities, disguised as money. Without U.S. regulatory clarity, VCs, founders, and devs will continue playing the liquidity-chasing game: mining liquidity pools, launching mainnets, and dumping tokens on retail investors.

Mahmudov's thesis also touches on broader macro indicators, such as the widening social inequality gap and societal shifts like increased feelings of loneliness and a lack of physical community spaces. These factors, he believes, point toward a market cycle where Bitcoin will reach new all-time highs, and retail investors will flock to meme coins, valuing them for their potential community returns rather than their utility.

He argues that stories of rags-to-riches are more compelling, legends persist particularly within meme coins such as DOGE, PEPE, and BTC itself. These narratives attract more attention because humans are naturally drawn to tales of once-in-a-lifetime bets. On the other hand, stories of traders making profits from short positions are less appealing, likely due to the complexity of the trades and the negative sentiment surrounding market downturns.

One community that stands out in this meme coin supercycle is SPX6900. Their goal is simple: to have a market cap larger than the S&P 500. The token launched on August 16, 2023, with the following manifesto on their site:

"You were born into a world where buying a house means taking on a mortgage in the hundreds of thousands. A world where social security is more a myth than a safety net, despite having it deducted from every paycheck. You've entered an investment landscape where the Stock Market has already celebrated its most significant gains, leaving you to wonder what's left for you. You're navigating a reality shaped by the aftermath of 9/11, a crippling 2008 recession, an unprecedented global pandemic, runaway inflation, and escalating violence. You were born into a different America. One that's been forever altered by economic and social factors largely beyond your control. A new world that demands new solutions. SPX6900 is the reset. SPX6900 is the canvas on which new financial dreams are painted. It's a tapestry woven with the threads of human hope. It's the S&P500 with 6400 more. It's the stock market for the people. SPX6900 sows the seeds for a forest of tomorrows. SPX6900 nourishes the souls and bodies of millions. SPX6900 is for you, your children, and countless generations after."

This community has also developed an NFT collection and merchandise, often thanks to contributions from community members. Free cult labor as its called involves modding Telegram chats and conducting Twitter raids, where they reply, like, and retweet posts to increase exposure—a form of guerrilla marketing. Notably they are the group that coined memes such as “Stop trading and believe in something.” and “There is no chart, I love you.”

Here is their game plan which anyone can see by visiting their TG chat group.

Let's review their charts. I will also add this chart denominated in Bitcoin. I will leave it to you to decide what this chart is saying.

Community members have even bridged the token to other chains, though they warn users about the increased risk when using bridging protocols. Which bring me to Sideshift.ai.

Sideshift.ai is always ahead of the trend, enabling direct-to-wallet trades with $SPX earlier this month. Want to believe in something? Check out Sideshift.ai's undefeated wallet-to-wallet exchange with over 200 pairs. Your funds are safu and they've been around for several cycles now. Trade other memes too, like $MEW, $GIGA, and $APU.

Murad Mahmudov's thesis on meme coins as the outperformers of this cycle is both bold and insightful. As the crypto market continues to evolve, meme coins could indeed capture the spotlight, driven by their compelling narratives and the community-driven nature of their ecosystems. SPX6900, with its ambitious goals and dedicated community, exemplifies this trend.

For anyone interested in the exciting world of meme coins and wanting to stay ahead of the curve, make sure to follow Sideshift.ai.