it would become clear in hindsight that the best move to make during extreme corrective periods like this is to scale into established, high-conviction, extremely oversold memecoins
for me:
- $USELESS
- $BONK
- $FLOKI
- $FARTCOIN
all the above memecoins are down 80 - 90% from ATHs
and sentiment about them — and memecoins as a whole — is at all-time lows
many confidently declare memecoins dead anytime we have a prolonged, market-wide pullback like we do now
yet every single time the market shows a sign of a sustained bounce, memecoins bounce first and bounce the hardest
the prolonged 2022 bear market that produced the Luna, 3AC, Alameda, and FTX implosions all within the span of a year didn’t kill memecoins
instead, we had the following in short succesions after
- $BONK: $4b ATH
- $PEPE: $11b ATH
- $WIF: $5b ATH
- $POPCAT: $2.2b ATH
- $FARTCOIN: $2.8b ATH
if the brutal and prolonged 2022 bear market didn’t kill memecoins, why would they die now?
of course, buying dips during times like this isn’t easy or pleasant — especially on memecoins
but in the mid/long term it becomes clear that these levels on established, high-conviction memecoins are the right move
6,665
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