cerfyrus

get accused of this a fair amount so I will clarify this here, longer post on memes incoming firstly i do not pnd any coins, i am wrong on trades sometimes yes, but i have never intently shared a trade on here & then immediately thereafter sold while bullishly tweeting about it I will explain how ppl can come to this conclusion tho, if you talk about coins under 100M market cap, they are the riskiest coins in the space, & there is a possibility (higher than majors) that they will go down 80-90% or go to zero Now, there is especially true with memecoins because there is a chance that the distribution of supply on the coin is not good I will explain what I mean by this With memes there are three, maybe four, main attributes that allow them to do well 1) relatability: this describes how relatable the meme is to someone who has *zero* idea of what crypto or finance is, a regular pedestrian's hitrate of whether they will like the meme or not for example, @dogwifcoin is a very relatable meme, everyone likes dogs, & a dog wif a hat is very easily digestible for anyone to understand whether they know what a layer 1 blockchain is or not, for that reason $WIF has a very high "retail score" because the dog is cute, other memes that have done well like dogecoin were very similar 2) virality: even if a meme is relatable, it still needs some mechanism for going viral, this can be a combination of things for some memes it can be imminent world events, like $BODEN @boden4pres with the forthcoming presidential election, for others like $DOGE it could be the richest man in the world (Elon Musk) talking about it nonstop usually the beginning of something going viral is some way for it to get in front of the eyes of a lot of ppl very quickly, which is typically why you will see social media play a large role in how these memes spread a lot of memecoin communities do "raids" on the comment section of larger accounts because they know thats the easiest way to get a lot of people's attention, it is also common for memes to eventually attach themselves to accounts with a lot of followers on here - this is best when it happens organically and ppl just like the meme + buy early, but can also be forced like when "KOLs" are giving portions of the memecoins supply but will never work as well 3) distribution: this is what most do not understand about these memes in the early days & is very crucial part of which ones will do well or not, the reason that a lot of new memecoin launches die immediately is because the dev team has some portion of the supply, & is perfectly fine with max market selling large clips of it instantly on launch for 5 or 6 figures or even 4 figures, most ppl do not have a lot of money, so the ability to profit off a coin launch instantaneously is much easier than trying to wait for much higher to sell now, you can look at wallets for stats on distribution, but there are other ways for ppl to get around holding all the coins in one wallet & ppl obfuscate how many coins are held by one person very frequently the best way that I have found to evaluate coins distribution is a combination of looking at the distribution of supply on @birdeye_so or whatever else you use + ALSO looking at the community online & seeing how they interact with accounts on crypto twitter you can hide wallet distro in some cases, but it is very difficult to fake real interactions with people on twitter, this is one of the reasons that $WIF & also $MICHI I think continue to do well, because they have crackhead communities on this website that are nonstop replying to ppl and are committed to not selling until much higher, all of the best memes have great cults, and these cults are the strongest when they are formed at very low market caps when other ppl are not paying attention 4) extensibility (h/t @kelxyz_ ): this refers to how easy it is for the meme to be ported over to other completely unrelated things