A 🧵 on the State of the Yacht Club
BAYC is below 40E for the first time since Nov 2021
MAYC’s floor price’s dollar value is equivalent to its mint price back in Aug 2021 ($13K+)
A lot of people say it’s the end of the yacht club
But is it really the end? Thoughts ⬇️
1/10
I think $PEPE outperforms $DOGE next cycle.
Why?
• The Underwater Thesis: Less PEPE holders underwater vs DOGE, meaning less sell pressure on the way up + lower multiples to reach previous ATH (2.8x vs 12x).
• People are more fatigued with the DOGE meme, Pepe feels fresher and generally more organic/liked as a meme
• 14x discrepancy in terms of market cap means much less liquidity needs to enter to move price vs $DOGE
Do you agree? Comment $PEPE or $DOGE to choose which meme you think will outperform next cycle. 👇
Web3 is all about community.
Like every week, I want to ask you about your opinion on the most famous NFT projects and events in the space.
Here are 17 short polls.
(1/19)
Many projects will make announcements in the next few days.
This will also attract scammers.
Here are 3 short security tips that will keep you safe.
(1/5)