looks like sidelined capital might have finally gotten their opportunity to scale into #USELESS coin 🤷♂️
#USELESS coin crashed 90% from its first ATH of $41 million because CT directed insane, coordinated FUD, hate, and artificial sell pressure against it
then it pumped 2,500% from $5m to $113m in two weeks and sideliners kept watching all through, praying for dips so they can get in
meanwhile, CT continued to FUD it as a 'forced narrative' that is 'a fartcoin derivative' (it isn't!)
then it crashed 37% from $113m to $70m and everyone once again had an opportunity to buy the dip
then they again faded it 'because CT keeps saying it is a forced narrative... and maybe this time it might die for good or crash harder'
then it pumped hard again from $70m to $110m market cap
then it crashed another 35% from $110m to $72m market cap, and many had another opportunity to size in on that dip
but once again they faded it 'because CT said it is a forced narrative that is going nowhere'
and now it's back at $100m market cap and up 26% on the day while several blue chip memecoins are down double digit percent and every major cryptocurrency is in red
meanwhile it has had the majority of its rallies while everything else was melting down
idk what to tell you, but one thing i have learnt in this space is to never fade cults
and @Coindesk is right when they called USELESS coin 'crypto's newest memecoin cult'
even more, never fade cults based on a very strong narrative because that's a lethal combo
i won't tell you to buy or not to buy, or when and how to buy even if you wanted to, but i'll tell you something i've learnt the hard way from my years on this app:
stop following CT like a sheep
more often than not, it's actually a lot more profitable to simply countertrade CT
just a little over a week ago literally every major CT account was bullposting a particular project about 7 times a day in unison, and every 'alpha' group chat was talking about it, yet it launched and barely exceeded low eight figures in market cap (around my peak BONK upnl for reference)—and barely a single peep of FUD about it!
yet USELESS pulled a 2,500% rally in two weeks when everyone had denounced the trenches as dead and became one of the very few memecoins to hit $100 million market cap since the $TRUMP memecoin launched... and it has held pretty well and showed incredible strength all the way
and, instead of celebrating the fact that we finally have a new winner that is bringing hope to the trenches, you have a significant number of accounts aggressively push a narrative that it is some 'narrative being forced by bonk guy'
i mean, we're in an environment where bullish news is barely moving the needle on majors and low caps, and the strongest alts of the quarter are down double digit percent at some point today, but someone is trying to tell you that I, a single individual, am singlehandedly 'forcing' a coin to pump while literally everything else is nuking aggressively because i'm posting a few redardded tweets about it daily
i wish i was that powerful!
maybe, just maybe, the market realizes that the USELESS coin narrative is incredibly undervalued compared to its counterparts that are worth billions and it is trying to reprice it accordingly
or maybe, just maybe, there's way too much sidelined capital watching this one coin that the slightest dip is being aggressively bought up at every turn
idk... you can either fight the trend or submit to it
your choice

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