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Unipcs Journal (bonk guy)
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Unipcs Journal (bonk guy)
01-04
it feels good seeing memecoins getting the spotlight as soon as this year started: - $BONK is literally up 40% on the day, which is incredible for a memecoin of BONK's calibre - $PEPE has pumped 70% and added $1.3 billion since this year started - $USELESS is up 100% from its December 31 night lows (fastest horse) FWIW i think these are still early days and the memecoin rally will continue into the rest of this quarter my view on the market is that the main action hasn't even started: CoinMarketCap published a report earlier in which they said to expect the real move for crypto to come between Feb - March of this quarter, and i align with this view i think what we're seeing now is just the test pump that said: i’d advise strong caution when using leverage here, especially on memecoins as i've said a few times recently, i'm still expecting a major, panic-inducing flush on crypto as a whole in January i don't know when the flush is coming, and i think the pumps could get a lot crazier if we do not get it... but i think it is best to expect it and trade accordingly this isn’t saying not to buy memecoins here. for example, if i had zero exposure to $USELESS, i would be sizing in aggressively instead of trying to time some lower level. it’s crazy undervalued compared to other major memes (ATH at $440m is almost 4x from here and it’s a fraction of the market cap of many other major memecoins) + it won’t matter in the grand scheme when the real move comes later i'm simply saying don't buy with leverage. if you want to buy anything here, just buy spot and chill don't get overconfident thinking we won't have pullbacks just because memecoins are going crazy at the moment
PEPE
2.28%
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