Good afternoon/evening.
Hope the week is going well gentlemen, consider yourself lucky if you happened to open this email before clocking out for the night. If you read it, you’re going to be far ahead of the general public when it comes to the next phase of risk on appetite and opportunities within crypto.
Financial markets have dialed up the insanity quite a bit this week. The headlines keep getting crazier and crazier on the heels of the OpenAI engineer who told us all that AI is going to kill us:
The average 30-year fixed mortgage rate is now above 7% (RIP buyers)
U.S. home sellers outnumber buyers by 563,000 a record 58% gap (Hedgeye)
Senate Republicans have released an updated version of the crypto Clarity Act following August recess negotiations (WatcherGuru)
Odds of a Fed Rate Hike in September are soaring on Polymarket to 66% today
Oil prices have climbed above $103/barrel with renewed strikes in the Middle East
The Treasury Department said on Wednesday they will buy back up to $6 billion of government debt to keep “the bond market functioning”
Brian Armstrong CEO of COIN 0.00%↑ told CNBC recently he believes Bitcoin’s bottom is in and that $400,000 by 2030 is a "reasonable target”
PPI came in relatively hot with producer prices rising 0.4% in August (they were 5.4% higher than a year ago) largely because of a sharp rise in energy prices. Core inflation was more subdued at +0.2% for the month
I think now is the perfect time to dive into where we stand with some of my favorite risk on assets (if you can call them that) for printing bands.
Meme coins.
The intellectually bankrupt, fundamentally worthless, occasionally life changing corner of the crypto market that everyone pretends to be above until a cartoon frog starts outperforming their entire portfolio or “expertly” constructed equities portfolio.
Beneath all of this market chaos, fear, and uncertainty I can you tell you that there are some big things brewing. I see them in chatrooms, on X, on social media, and in Discord/Telegram channels.
The people yearn for quick gains and profit to ascend them from the permanent underclass.
In order to profit on meme coins you need to be ruthless and understand that meme coins are concentrated bets on attention, liquidity, and culture. Most importantly though, you need to be early.
That is non negotiable.
That’s how you turn $500 into $100,000 or $5,000 into millions.
Make no mistake, if you choose to partake you are entering a savage player vs. player game that a small percentage of people walk away from unscathed. They either fall victim to greed, pushing positions too far OR miss the boat entirely by never putting in the time to see the winners early.
Understand that we are zooming in on a small area at the tip of the crypto risk market where you see an impressive amount of innovation, speed, scams, rug pulls, runners, and wealth generated.
It is the wild west and there are almost no rules besides profit at all costs so that you can print some cash OR increase your holdings majors (BTC/ETH/SOL) before we see the next bull market kick off.
Welcome to the trenches. They are alive and well, popping off like the front line in Ukraine. The victorious are going to take all of the spoils and laugh their way to the bank.
Today we’re going to cover the top meme coins I am watching and holding right now as well as the ones I think are gaining some serious traction online (and could be up next).
I held off on posting this until I had that gut instinct that things are starting to fire up again.
I have no doubt that is the case and I am already starting to record some quick wins.
The thing about meme coins is that within incredibly short periods of time they can 10-100x. They are essentially tokenized attention.
Attention is now the currency of the internet which is why when one of these ideas, themes, or metas catches on, it scorches the hesitant and lifts into orbit quicker than 99% of people can imagine. If you play them correctly, have some solid timing, and get in early, you can supercharge your portfolio before the bigger move up even begins.
Let’s start with the first, which I think could go on an insane run in the coming days.
There is no time to waste king.