If you follow me on X, you’ve likely seen my recent capitulation into memecoinery. I’ve resisted for too long but there is a clear trend and it feels silly to resist. I was so close to getting it at the tail end of the cycle. But the mid-curve in me, sought out books on memetics and didn’t take any action to follow through...
When $PEPE launched last year, I said to myself that it was going to be the $SHIB of this cycle. But once again, I didn’t double down on my belief, and flipped in and out trading while watching its parabolic rise to one billion USD and then a few billion more later in the year.
This is probably the best crypto presentation I’ve watched since 2021
If you care at all about making money or understanding the upcoming cycle and next couple of years (and beyond) in crypto, take the 20 mins and watch this
If you're going to watch ONE video during this Memecoin Supercycle... Watch this.
2025 will be the Year where Memecoins go Parabolic.
Watch this Video to Understand Why.
When I saw Murad’s presentation from TOKEN2049 (yes, I watched the whole thing), I realised I also agreed with a lot of his takes and this was a trend that wasn’t going away. If I wanted to out-perform Bitcoin this cycle, I was going to need to lock in and embrace the memecoin supercycle. What he calls cults, others are calling mission coins, and from his list of tokens, one of the missions that resonated with me most...
SPX6900 - "We are going to flip the stock market (69T or Roundtrip)"
An advanced blockchain cryptography token with limitless possibilities and scientific utilization. Imagine the power of the whole entire stock market put inside little tiny crypto coins. With the help of the greatest minds in mathematics and research, this power is now on the Ethereum science technologies for the first time in finance.
the S&P6900 ($SPX) - built on Ethereum Science Technologies and containing 6400 more S&Ps than its tradfi counterpart - is confirmed to be outperforming the traditional stock market at a rate that’s embarrassing malding fat cats across Wall Street.
from his office located in…
At the end of the day, first with Bitcoin, and later with Ethereum, it’s always been about flipping the stock market. Bitcoin aims to be the sound money of the world and Ethereum aims to be the decentralised rails of modern finance. And to be absolutely clear, I still believe in both of those missions.
”Stop trading and believe in something”
So, if I’m going in to memes, I go with conviction. I’m not sure I truly believe that $SPX6900 was full cult before (social and web mentions appear to be very low outside of Discord and Telegram between April and August of this year) but the Murad presentation kicked off a new wave of memecoinery that I think that this could become a self-fulfilling prophecy.
There was likely a core group working in the shadows while acquiring a bag, but a new expanded group is likely to form around it and they are quite literally buying into something that has been declared a cult coin. This quote from the Telegram does a good job explaining the potential power of cult communities in crypto...
"If a company had to hire a marketing agency to manage the same amount of impressions that 50+ turbo-autists do 24/7, they would be charged millions of dollars. The utility of a pure meme community is exactly that, the social engagement, trending, views, growth, etc. The amazing thing is that they all work for free to hustle for their bags - they are like unvested shareholders consistently pumping out content along with being long-term hyperincentivized. Feels like DAOs and NFTs have been trying to do this, but have failed due to liquidity + scalability. Ticker: BITCOIN might be the first mover in this regard to address both." - paraphrased from Zona/Mung
"We are going to flip the stock market (69T or Roundtrip)"
For some potentially more grounded market discussion, you can check out this article. But of course, none of this is financial advice, and there is no chart, I love you.
And in the interest of full disclosure, my approach to meme coins:
Buy somewhat established cross-chain memes I vibe with to have fun and a few that annoy me on the timeline because someone else is probably having fun.
Hodl for the next year or so like a lunatic.
Outside of that, I have no edge and not enough dedication to low caps, so outside of the core... I might buy and sell a few while trying new apps and learning cross-chain analysis so at least I get a new skill.
In other words, I cover the full spectrum of this meme 😂
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Reid DeRamus
Commented 6 months ago
We're back with the 17th edition of Paragraph Picks, highlighting a few hand-selected pieces of writing over the past week or so.
Check them out & let us know which is your favorite or any great writing we missed!
Reid DeRamus
Commented 6 months ago
@yb discusses the potential impact of zkTLS technology on consumer crypto products, emphasizing how it can overcome the limitations of APIs and enable innovative, privacy-preserving internet applications.
"Web proofs are unruggable APIs. It is now possible to break down the data walls that have restricted internet creativity for so long."
https://terminallyonchain.xyz/zktls
Reid DeRamus
Commented 6 months ago
@matthan writes about the challenges surrounding the potential sale of genetic data, highlighting 23andMe specifically — a company struggling financially and exploring options to sell its assets, including DNA data from millions of users.
"The company’s entire board has resigned over a disagreement with its founder-CEO Anne Wojcicki, who said that she is open to selling the company—along with its massive stockpile of DNA data—to the highest bidder."
https://paragraph.xyz/@exmachina/acquiring-genetic-data
Reid DeRamus
Commented 6 months ago
@katiewav interviews Ayaka Ohira, an independent animator and co-founder of the NFT project Shinsei Galverse. Ohira discusses her journey as a self-taught artist, her path into NFTs, the creation of Galverse, and the cultural differences between Japanese and Western audiences.
"Being a gal is about feeling cute and confident, regardless of what others think—especially in Japan, where societal norms often place more importance on outward appearance and conformity."
https://paragraph.xyz/@archetype/in-conversation-with-ayaka-ohira
390
We're back with the 17th edition of Paragraph Picks, highlighting a few hand-selected pieces of writing over the past week or so. Check them out & let us know which is your favorite or any great writing we missed!
@yb discusses the potential impact of zkTLS technology on consumer crypto products, emphasizing how it can overcome the limitations of APIs and enable innovative, privacy-preserving internet applications. "Web proofs are unruggable APIs. It is now possible to break down the data walls that have restricted internet creativity for so long." https://terminallyonchain.xyz/zktls
@matthan writes about the challenges surrounding the potential sale of genetic data, highlighting 23andMe specifically — a company struggling financially and exploring options to sell its assets, including DNA data from millions of users. "The company’s entire board has resigned over a disagreement with its founder-CEO Anne Wojcicki, who said that she is open to selling the company—along with its massive stockpile of DNA data—to the highest bidder." https://paragraph.xyz/@exmachina/acquiring-genetic-data
@katiewav interviews Ayaka Ohira, an independent animator and co-founder of the NFT project Shinsei Galverse. Ohira discusses her journey as a self-taught artist, her path into NFTs, the creation of Galverse, and the cultural differences between Japanese and Western audiences. "Being a gal is about feeling cute and confident, regardless of what others think—especially in Japan, where societal norms often place more importance on outward appearance and conformity." https://paragraph.xyz/@archetype/in-conversation-with-ayaka-ohira