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$TROLL has low-key pumped almost 8x in 10 days
it went from crashing 96% from its $280m ATH to as low as $10m, a range it consolidated around for ~100 days while everyone declared it dead... then BOOM, it's up 14x off the lows and 7x in one week all of a sudden
this reminds me of $FLOKI last cycle
it crashed 99% from its $3.5 billion ATH in late 2021 to lows of about $40 million in mid 2022 off the back of the most aggressive FUD i've ever seen directed at a memecoin + the bear market, and many called it dead for good
then all of a sudden, it ripped from $40m to $800m, pulled back and consolidated for a while, and then ripped back to its $3.5 billion ATH (a ~117x increase)
that's memecoins for you!
memecoins have this habit of pumping super hard when they first come out, crashing 90%+ and then consolidating for months as everyone deems them dead, only to erupt from the lows all of a sudden and make new ATHs when no one expects it
every single time, we see people come out of the woodwork to say 'this time is different, memecoins are dead for good for XYZ reason'... then we see the same thing play out again
i've been trading memecoins for three cycles, so trust me when i say i see this play out every single time
if you find a strong, high-potential memecoin i.e.
• strong narrative
• solid normie appeal
• solid distribution (i.e. CEX listings) that allows easy access and liquidity
• strong volume and on-chain fundamentals even during the worst of times
• strong community + critic combo during its lows (i.e. people keep talking about it)
then you should be aggressively bidding it during the lows, even if a lot of vocal critics are calling it dead
and there is no memecoin in the market that hits all of these points more perfectly than $USELESS right now
it is the most normie-friendly memecoin, and the best bet to pull a $DOGE-like rally in the market today IMO
on-chain indicators also point to aggressive and consistent whale + smart money accumulation ongoing right now, which usually precedes a major move
in the early days, Dogecoin emerged as the first real memecoin to make a mockery of Bitcoin, and it resonated with a lot of people
today, USELESS is doing the same thing, but to the entire cryptocurrency sector
and soon USELESS is going to pull a face-melting rally to new ATHs first, and then to multi-billions
it's going to happen very suddenly and very aggressively, and many will be left sidelined
are you positioned? i am!