MEME MANIA. Why you should respect the pamp but also remain objective

Hi everyone, Mean Mania is absolutely here and you know what? Retail is back in a big way. I think Mean Mania should tell you that. Also, some other metrics and data is telling me that as well. Including the Coinbase  app being down. That used to be a surefire way of telling you when retail was here and in a big way.

If we go over to Google Trends though, We are seeing a big uptick in Bitcoin and crypto being searched with Google. But with this as well, you can look at YouTube searches. I think this is probably a little bit more relevant. Younger generations, I think, actually avoid typing into the browser. They go to YouTube first, then they want to get a video on whatever they want to learn about.

So if we go to YouTube searches. You can see here that Bitcoin is, you know, in a massive uptick as well, but crypto has just been in a pretty steady ascent for a while, so the average is much, much higher. So I find that really interesting, but broadly though, those metrics are now moving higher, and anecdotally I’ve had quite a few people reach out to me.

Just been asking questions and seeing things in the paper and it does seem like people are paying attention again. They’re putting money into the market. So I think we’re just at the beginning of that, that move high with a lot of these cryptos. But Mean Coin Mania is really gripping the market right now.

All I will say is just be a little bit careful with this because Mean Coin Mania, I mean look at that 682 percent for Pepe.  This generally marks the end of a liquidity cycle in terms of the shorter term cycle. Bitcoin high, mid caps, low caps. And then you go to meme coins and then it recycles, the oxygen sucks out.

So I would not be surprised for a lot of this momentum to be sucked out. And then Bitcoin will run off at all time highs relatively soon, but it is an encouraging sign. What I suspect it actually is probably a bit of column A, a bit of column B where we’ve just seen a couple of years of tremendous selling and a lot of these meme coins and not a hell of a lot of demand.

When you turn that notch up a little bit.  Things just absolutely rocket. So I think this is what a lot of people are buying when you look at Bitcoin and Ethereum, this is some of the feedback I’ve been getting as well. They look at Bitcoin, look at Ethereum’s price, unit bias kicks in, they go on their Coinbase app or whatever exchange app they’re doing put some money on.

I’m just going to buy you know, Shiba Inu, Pepe, Dogecoin, things that people recognize and know and it’s really cheap and I think they can get rich. So that’s the kind of dynamic that we’re seeing at play. Total market cap. So that’s excluding Bitcoin as in stable coins. That has closed weakly in an incredibly strong position.

Wouldn’t be surprised to see this have a little bit of a pullback with Bitcoin dominance. You can see here, Bitcoin dominance is probably going to move up to 66. 1 percent at some point, at least this region up here, as it shoots all time highs. Altcoins have a bit of a cool off, rinse repeat, that kind of cycle at play, absolutely.

So guys, I hope you have enjoyed this little rapid fire, but it doesn’t quite wear into the meaty part of the start of this bull cycle. So strap in, and let’s enjoy it. Alright guys, take it easy. Bye bye.