Meme Coins Week 36 | New All-Time Portfolio High!

in #hive-16792220 days ago

I managed to flip a switch after being someone who cared a lot about fundamentals in crypto and started to get into Meme Coins with a small % of my overall portfolio trying to play this game and see how it goes. These are weekly update posts keeping track of what's happening in the space while keeping track of my Portfolio...

Meme Flavor Of The Week!

The big coin that went from Nowhere making Millionaires last week was $CHILLGUY, it does feel kind of impossible to get in these early so it's always a risk/reward consideration to get in late after there has been an original retrace. this happened going from 560M Market cap to a 220 Market cap touching the 0.618 Fib level which would have been the entry point as it went to 800 Million later on. The 430 Million level now would be the next bounce on a dip but each next level is getting harder and a bigger risk of just collapsing as the interest might drop given how quickly these tend to fade out.

Looking at other more recent flavor of the week coins, $FWOG is down -35% since the high, $GOAT is down 33% since the peak, $PNUT is down 58% since the peak, &$MOODENG is down 50% since the high. Each time a new one comes to life if kind of rotates money out from the older ones. So it's a tricky game that I'm not sure that I want to play.

Adding To Positions!

The market had somewhat of a dip and I used some outside funds to increase on some of my positions in total around 800$ worth I estimate. I do feel that I'm close to done allocating more money though it it does all remain very high risk while there is no guarantee that there will be a memecoin supercylce and the ones that I hold will be part of it. For all I know, I am the exit liquidity right now already.

I've been adding a bit of $SPX each week as the price is cooling down after the initial major pump. I still like the narrative around of and it does have the next Memecoin Messias behind it with Murad. So I feel like now there is some rotation from old bag holders to new ones who aren't going to be willing to sell at a loss. once this is over, it should be possible to make the next leg higher.

At the same time though, it might all turn out into a big nothing burger. I might add a bit more to it as I'm still not too much invested but I will see how it goes.


$SFC I doubled on my position having an even 10k SFC now, I can't say that I'm fully sold on this one but I still kind of like the chart and likely should take some profit if it goes above 0.16$.


$SLERF was on my watchlist and it broke out on the 0.618 fib after which I kicked myself for not getting in but it did drop back down which made me add some more. I still have a small position but think this one is undervalued based on the unique position it has with the very high locked liquidity. I do anticipate at some point for this to become a good selling point.


$AUTISM is also one I added to quite a bit after initially fomo-ing in on the top. This makes me more and more realize that the only real way to buy coins is on big dumps as they always happen at some point as a single person wanting to take big profit can dump the price by 80% while not that much needs to be bought up to restore the price.


$VCAT is one of those coins that I accumulated 8 months ago and held ever since seeing it go from 5$ t0 10$ to 1$ to 8$ to 3$ to 8$ to 2$ to 6$ to 0.83$ to 2.5$ to 0.65$ to 4$ to 1.6$ to 3.2$ to 1.4$ to 2.8$ now going as low as 0.45$. So if the trend continues ut should at least go back to 2$ at some point in time. That reasoning made me add more this time with the intention to actually sell some in case there is another pump. It remains a recognisable meme but at the same time there are very few ways for retail to actually find an buy it.

I also bought 1000 extra $Retardio which still is on a higher high and higher low trajectory


New Week Buys !

$POPCAT is one that I successfully got in and out of when it was trading a lot lower but I missed my entry point to get back in to see it run crazy high. Now that the price came down around -40% to the top I did buy a little bit pure ouf of FOMO as I don't want to kick myself in case this is one of the coins that ends up doing really well. At the same time with a 1.26 Billion dollar market cap, how much edge is there still as it's unlikely to do a 100x from here while not too much needs to happen for coins like this to go all the way down. Everyone is also anticipating for this one to get a big exchange listing and it does seem to be quite popular.


BRETT Real Yield on Just.Bet !

It looks like the BRETT pool finally got fixed today which brought a pleasant surprise as the 10000 BRETT I allocated to it now is worth 19000 BRETT so really nice profit also knowing the price went up a lot since I bought extra. It's only 20% of the profit going to liquidity providers though so I likely will reduce my exposure to swings a bit there taking out at least 9000 BRETT. I'm still quite comfortable with the big position I have as the chart does still look quite good and a listing on Coinbase looks like a matter of time.

It also looks like WINR PROTOCOL partnered with KLAUS which is now enabled as a currency to gamble with and for holders to provide liquidity to possibly earn income from it. I do fear this one might become something of a dead weight. I know Crypto Banter shilled it for a while but at the same time there was a report that this one just has a lot of insiders holding the majority of the supply in many different wallets. so for now I'm holding off.


Watchlist!

I don't really have a watchlist for the coming week even though I might look to add some to existing positions


Current Holdings (Solana)

Week 35Week 36

Meme Coin Portfolio


CoinChainPriceChangeHoldingValue
BRETTBASE0.1706$+22%39000 (Variable)6653$
WIFSOLANA3.15$+2%5001575$
MOGBASE0.000002528$+20%500M1264$
PONKESOLANA0.5463$-17%20001092$
JASONSOLANA0.001049$+4%1M1049$
KEYCATBASE0.007926$-18%120k951$
MANEKISOLANA0.01000$-12%75k750$
SPX6900SOLANA0.5409$+9%12500 (+250)676$
REDOTON0.2751-3%1960539$
BENJISOLANA0.0004345$-25%1.2M434$
SFCSOLANA0.03898$+7%10000 (+5000)389$
LOABASE0.007351$-3%50k367$
MOODENGSOLANA0.3659$-14%1000366$
USUGSOLANA0.0004609$-16%750k345$
SLERFSOLANA0.2726$-5%1250 (+250)340$
BITCOINBASE0.2574$+27%1000257$
BENJIBASE0.02466$-31%10k246$
RETARDIOSOLANA0.1199$+2%2000 (+1000)240$
VCATSOLANA0.4629$-50%500 (+250)231$
PENGSOLANA0.1575$-3%1000157$
AUTISMSOLANA0.003863$-11%40000 (+27500)154$
POPCATISOLANA1.30$New100 (+100)130$
MOCHIBASE0.00001250$-22%10M125$
LOA on SolanaSOLANA0.001910$+28%50k96$
BONKSOLANA0.00004435$-15%2M89$
ROOSTBASE0.001761$-11%5000088$
❤️SOLANA0.00007402$-36%1M74$
DOHSOLANA0.00004343$-14%1.25M54$
LFGOSOLANA0.002121$-22%25k53$
MAMBABASE0.0001131$-40%320k36$
HAPPISOLANA0.0001579$-32%160k25$
Buy Funds-----
SOLSOLANA240$-0.012$
----Total19342$

Previous Weeks


(Total Money Invested over this period is estimated to be somewhere between 9k and 11k)

Posted Using InLeo Alpha

WeekPortfolio ValueWeekPortfolio ValueWeekPortfolio Value
Week 011680$Week 1117894$Week 217385$
Week 024091$Week 1213771$Week 228204$
Week 034256$Week 1312849$Week 238835$
Week 044574$Week 1412998$Week 248310$
Week 054631$Week 1510177$Week 259651$
Week 066511$Week 1610207$Week 269416$
Week 076461$Week 1711846$Week 2712083$
Week 088536$Week 1811678$Week 2810080$
Week 099829$Week 1910889$Week 2910676$
Week 1014262$Week 208856$Week 3011882$
------
Week 3111352$----
Week 3210812$----
Week 3312244$----
Week 3415155$----
Week 3516936$----
Week 3619342$----
Sort:  

!PIZZA

PIZZA!

$PIZZA slices delivered:
@thehockeyfan-at(3/5) tipped @costanza

It is extremely hard to rotate to the next narrative and it also depends on someone's buying criteria. One of the huge problems with the popular culture ones is that there are so many competing ones immediately. We obviously saw that with Moodeng as well as various iterations having to do with PNUT.

$FWOG had sort of flowed under the radar for the first couple months and then really accelerated as the meme storm picked up.

$ZENA is different in the premise that she is my parent's dog and I can keep taking pictures and videos of her and I'm not some rug pull kid who is an Anonymous dev out on Pump Fun.

That indeed is also a factor, if you are able to predict a coin narrative, you need also need to pick the right one. Good luck with your own memecoin !

Thank you!

Yeah I also like the narrative Murad is telling, we‘ll See how it‘ll turn out. My best Meme in the wallet is still PEPE, followed by DOGE and BRETT.

I 'missed out' on doge and Pepe now kind of feeling that it's too late but that's fine. The one narrative I'm completely in the dark about not understanding it are the AI Memecoins. I get the narrative of Murad which makes sense and the narrative of Crash of the Major coins on each chain. It's going to be interesting to see how it all plays out.

💪🏻🙏🏻

!LOL

Posted using MemeHive

Why was the resistor fired from his job of leading the orchestra?
He was a terrible conductor.

Credit: reddit
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Great job with your meme portfolio. I keep thinking of buying Brett, but failing to pull the trigger. It seems high, but will probably go higher unless I buy :)

I get the same feeling each time so what I tend to do is start out buying a tiny bit so at least I'm invested. If it goes up there is profit and if it goes down you have the option to buy more while having incentives with the already made investment to somewhat keep track of what is going on. Once you get into it it can be quite addictive though. The reality though is that a very low % of holders in the end will actually make profit so if you can get out on average 50% below the eventual top I would say it's a great success.

Good Luck!