Are Meme Coins Legitimate Investments?

Degens and Degenettes,

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Takeaways

This week we’re taking on Meme coins. Let’s get something out of the way; we’re completely gambling here and none of this is financial advice. Meme coins are the best form of gambling on planet earth because it’s one of the only things on earth that you can literally buy a coin that might do 1,000x in 24hrs. That being said, it’s incredibly easy to lose your ass, and if you’re going to play in this sandbox, keep it small. Don’t gamble more than 1-5% of your portfolio on any trade. It’s a great way to ruin a portfolio.

Take of the Week

Buy dumb, sell smart. The crypto economy, by nature, is filled with some of brightest minds in the world. Those are the builders. The people building out the infrastructure for us to mess around with. While the builders build, the traders trade. And the people coming in and making money on meme coins are inherently doing dumb shit. They’re not making decisions based on PE ratios, free cash flow, or debt-to-equity. They’re making decisions based on the ability to spot weird trends. It’s often a silly thing that needs one catalyst (maybe an Elon tweet) and the right meme, in order to absolutely moon. So in honor of our degenerate need to gamble, here are some of our favorite meme coins heading into the end of the year:

Meme Coins Of The Week

Bald ($BALD) - the meme is all time and the chart is sexy. This is one for the culture.

Nola ($NOLA) - Already up 124% in the past 24hrs, so this very well could be a top signal, but it’s mooning.

MagicalTux ($TUX) - Stephen’s meme coin pick - He shilled this one before the 85% up-swing, but it’s a meme coin. So there’s definitely room to rip.

Dogwifhat ($WIF) - The meme of memes. Market cap of $200M, probably not the next Shiba, but worth it for the entertainment value.

Bonk ($BONK) - This was a big shill on the Irresponsibly Long pod. Bonk is the first Solana dog coin for most people, with 50% of the total supply being airdropped to the SOL community. Fun meme coin and from Stephen’s famous line drawing ability, seems poised for breakout.

Tweet Of The Week

A friendly reminder for those on crypto twitter

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Happy Holidays, Love you all

Alfalfa Intern