What Solana Memecoin Should I Buy? Watchlist & Journal; July 3rd, 2024 - $tremp $wif $kama
Notion Doc: https://fomosol.notion.site/July-3rd-...
AI Video Summary:
Fomo discussed his portfolio update, highlighting that he has been inactive in personal trading besides disclosed paid promos. He mentioned having conviction plays such as Tremp, Kama, and Mini, but emphasized engaging in disclosed paid promos and using the hashtag partner to disclose any form of compensation received for transparency. Fomo also noted the struggle in determining the current metas in the market, mentioning Politify, Cats, Zoomer, and celebrities as top metas experiencing rotations.
Fomo emphasized investing in tremp and Kama as his top conviction plays in the political space due to their active teams and potential longevity. He also discussed his approach to monitoring Twitter and Telegram activity, emphasizing the importance of community engagement for sustained coin value. Additionally, he mentioned Solana's current market downturn and expressed interest in cats-related cryptocurrencies, particularly Michi and Mini.
*Current Metas Analysis*
Fomo delved into an analysis of current metas within the market. He highlighted that there is uncertainty regarding which meta is dominant or preferred at present. Specifically discussing Politify's resurgence due to a recent debate between Trump and Biden leading to various coins launching during this period. Additionally, he mentioned shifts in sentiment towards potential replacements for Biden from Gavin Newsome to Kamala Harris.
Fomo shared insights on bid hunting strategies based on market sentiments towards political figures like Gavin Newsom and Kamala Harris as potential replacements for Biden. He advised waiting for dips before bidding more on specific coins while emphasizing community support behind these coins as a crucial factor influencing their performance.
Fomo provided an analysis of market trends by examining specific coin performances tied to political events such as debates and rumors about potential presidential replacements. He discussed how sentiment shifts impact coin values with examples including fluctuations related to Gavin Newsom's rumored replacement of Joe Biden followed by shifting attention towards Kamala Harris.
Fomo outlined his approach when evaluating different coins' performance based on real-time events such as debates or rumors about political figure replacements impacting their value fluctuations over time periods ranging from initial launches through subsequent dips or surges.
*Cryptocurrency Evaluation and Trading Preferences*
Fomo shared insights on various cryptocurrency evaluations, including Michi's rally, its optimal entry point around May-June at 25 cents range, market cap fluctuations down to 8 cents range before rallying again. He also discussed undervalued cat-themed cryptocurrencies such as Mini while highlighting the need for increased content posting by their team.
Fomo expressed a preference for low-cap investments over high-market cap ones due to potential short-term gains. He highlighted his trading style involving buying into low-cap assets with plans to take profits upon reaching higher valuations.
*Zoomer Meta Analysis and Market Trends Assessment*
Fomo delved into an analysis of Zoomer meta-coins such as Aura and Manifest within the cryptocurrency space. He emphasized Zoomer as a leader within this meta category due to its ability to create content around sub-memes relevant to Zoomers' interests.
Fomo provided an assessment of market trends related specifically to Zoomer meta-coins like Aura based on previous all-time highs and current dips in valuation.
*Celebrity Meta*
Fomo discussed the performance of various celebrity-backed cryptocurrencies, highlighting Iggy's active promotion of Mother coin and Lil Pump's efforts to engage with the community. He also mentioned Sean Kingston's coin, King, and a YouTube personality who launched Hero coin. Fomo expressed concerns about the volatility and potential pump-and-dump nature of these celebrity coins.
*Wif Derivatives Market and Other Tokens*
Fomo provided an overview of the Wif derivatives market, mentioning specific tokens like Pink Guy and discussing their market cap fluctuations. He emphasized that many tokens in this market were down due to overall market conditions but highlighted his continued interest in certain assets like Dog wif Hat.
Fomo discussed Billy as a promising cryptocurrency with a vocal community. He noted its history from when it was at a 30 million mark cap and indicated that many individuals within his circles had invested early on sub 1m
Fomo mentioned that both GME stock and meme coin were currently down but suggested keeping an eye on them for potential price movements based on news or social media activity from Roaring Kitty
