Live document. Created 16h of May. Last update June 3rd. The mc and price stats were written when I created this document.
As bullish as I am, it's not easy to make sense of memes, right broskis?
First, why am I freakin bullish on memes?
it just all falls together. Normies and stonk traders will all be onboarded by meme - Who's got time to for FA research?
People want to be part of a culture, as bitcoin originally was. And now memes contain subcultures as well.
Memes will expand to utilities: launchpads, (d)apps, parties, crazy incentivizers to attract people:
People realise they get dumped on FA plays by VCs and Miners, just like jeets on memes.
When will ppl not jeet? When community is stronk
"You gotta believe in something"
So coin goes up, coin has strong ties or people believe in the community smhow.
So these are things I’m looking for.
#1 catalyst smart wallet 2 <-> Coinbase of course
#2 catalyst: Onchain summer: 1 month long hackathon.
#3 Previous SOL drawdown, liquidity moved to BASE memes. Wen wen wen?
Base focuses on culture and culture means believers (wont jeet) aka the friendly version of SOL.
Memes are all about culture
Normie, weirdo, boomer, weirdo, etc
And their derivatives like normilio, zoomer, pleb, Frank, etc
I see the derivatives as potential leveraged bets, simply cuz of lower MCap.
And I think others see this as well. More benefits for $ and degens like that
Best example is normilio imo. I'm more bullish on normilio than normie
Memes also often serve as inside jokes within these communities, creating a sense of belonging and identity among those who understand them. Most important of all — memes are for everybody.
Memes have the highest potential for Xs.
SOL coins get jeeted for the next hype thing. E.g. there’s a new cat on the block? Other cats get dumped. Volume dicatates popularity. This has not happened (yet) on Base, but is something to look out for.
Estabilished memes (pepe, brett, etc) are more safu. They already have cult-like communities. Look out for KOLS that rave about 1 single coin consistently.
Didn't properly check for distribution, but these are the OGs and should be good. DYOR
This is not written in any order.
But my personal meme top picks are $BRETT, $NORMILIO, $WEIRDO and $SKIPUP
update: The space is moving fast, I’ll add all the plays I like. But I don’t have the time to write it all out. The main reason I wrote this was because I had too many plays I wanted to buy. This document helped me form a better thesis and a clearer picture.
Added to pf:
$SKOP - related to pepe/bome
$BOLT - Brett’s dog
$RIZO - the hedgehog