We Just Bought Another Memecoin
The market is nuts and so are we because we just bought our 2nd memecoin
In partnership with
Another week, another Bitcoin all-time high (ATH)! 🎉
As we write this, Bitcoin is flexing at over $108k. 💪
It’s cruising toward our $110k+ year-end prediction - one we called months ago.
And yes, we’ll keep reminding you… because we’re fun like that. 😜
But keep your private keys close and your sanity closer - we foresee a significant (10-20%) pullback shortly after.
Rest assured that we will resume the bull run and continue the ATH parties around the time Trump takes office and makes good on some of the crypto promises he campaigned on. We covered those in detail here.
Speaking about keeping your sanity closer, the current state of the market is nuttier than a squirrel’s pantry! 🐿️
Scrolling through Coin Market Cap, we didn't hit a project with a market cap below $100 million until page 6, at rank #510. Even more mind-boggling, the top 109 coins each boast a market cap over $1 billion!
There are legit crypto unicorns out there - think Coinbase or MicroStrategy - companies worth billions without even having their own token.
Yet, we’re supposed to believe there are 109 token-powered crypto unicorns running around? 🦄
And guess who's sitting pretty at #109 with a $1 billion market cap?
Drumroll, please…
FTX Token (FTT) !?!!?!?!
Yes, the same FTX that went belly up, with its founder now chilling in prison for massive fraud.
The same exchange that splashed some serious mud on crypto’s reputation and dragged the entire crypto market into a 3-year bear winter back in 2021. 🐻❄️
Throw in the ongoing memecoin mania, and this market is looking straight-up bonkers, practically screaming “top signals!” 📢
That said, we’ve seen nuttier times in previous cycles and with this cycle, it feels like there’s still gas left in the tank.
Or maybe we’re just living in a simulation that’s hitting peak insanity. 🤪🙃🫠
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With the market acting straight-up bonkers, it’s time to dive in with a new trade.
We picked up Just A Chill Guy (CHILLGUY) at $0.27.
Why? Well, the price tanked recently thanks to some drama with the Chill Guy IP owner and a couple of social media hacks, but things seem to have calmed down.
We’re in this one for a quick 50-100% gain. When we hit those targets, we’ll sell half and let the rest ride, because hey, we’re chill like that.
As for the other memecoin trade we mentioned before… it doubled shortly after. We sold half, and yes, we’re still holding the rest.
The name? Smoking Chicken Fish. 🐓🐟
Yeah, we cringed typing it too.
But here’s where it gets weirder: the SCF community is coming back alive and hosting a congregation for their officially registered church in Texas this Thursday. You can’t make this stuff up.
We’ll tune in, pray for good trades, and report back in Friday’s weekly wrap-up.
Lastly, we’ve got our eyes on a few more memecoins, and some actual projects with fundamentals - imagine that!
When we’re confident, you’ll be the first to know.
Happy trading and may the memecoin gods bless our bags! 🙏🚀
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Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research).