I managed to flip a switch after being someone who cared a lot about fundamentals in crypto and started to get into Meme Coins with a small % of my overall portfolio trying to play this game and see how it goes. These are weekly update posts keeping track of what's happening in the space while keeping track of my Portfolio...
I've been in this meme coin adventure now for 30+ weeks pretty much getting in near the peak initial hype and where coins like WIF started to go above 3$+. The great thing about documenting the journey here on Hive that it's easy to look back which I did based on the first couple coins that I bought.
| MemeCoin | Price Week 1 | Now | % |
|---|---|---|---|
| TREMP | 0.64$ | 0.31$ | -52% |
| BODEN | 0.40$ | 0.007$ | -98% |
| WIF | 3.17$ | 2.84$ | -20% |
| BENJI | 0.0034$ | 0.00048$ | -86% |
| PENG | 0.36$ | 0.183$ | -49% |
| BONK | 0.000029$ | 0.000023$ | -21% |
Pretty much all are down hard and some of them like boden and tremp I already dumped quite a while back. If I learned anything is that it is really hard to pick the winners as you only really see them after there was an initial pump which leaves the upside in the short term limited since there are many bag holders who want to take profit.
While the idea of buying 1000$ of something like SPX at 0.01$ to see it shoot up to ~1$ to sell at 80k is tempting to try, the reality is that this is like finding a needle in a hay stack.
So I continue to just hold a portfolio of a diversified number of coins hoping some of the established ones continue to do well and to have 1 or 2 coins that make crazy profit. However, if this happens it will be hard not to sell too early or too late for all I know. So it's hard but a lot of fun and I will continue to grind it out with an eye to capture the growth in the market in case retail would come in allowing them to buy my bags before the inevitable total collapse of this market similar to NFTs.
For me at 500 Million+ this simply is too high of a risk and I also don't fully understand it?
Emoji Narrative 1 Week later
The total market cap of all emoji coins went from 16.88M to 13.3M so the narrative already seems to have past or you could argue that it hasn't even started yet. I stick to my idea that the heart emoji has the most potential and I'm looking to increase my position a bit to 500k or to 1M in case it really would see a 90% dump.
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Last Week Portfolio Performance
Overall things remained quite stable while actually it went down harder than it loos as SOL which is the coin most of the memes are trading against went up quite a bit. Jason still is keeping quiet and I'm tempted to buy some more as I know I will kick myself if another big pump comes on the next tweet. At the same time nobody who is an owner really likes the total neglect as it all really does feel like a scam which still doesn't make any sense to me.
I also removed $SENK which pretty much rug pulled the holders moving to a new version of the coin doing a pre-sale for it but no airdrop. It's one of the many that will go nowhere and totally to zero doing -99%. The goal is to have as few as possible from these and the best strategy likely is to take out the initial investment once it doubles. At the same time, the fomo in the good times is too high to sell.
Overall, I'm still up slightly on the portfolio compared to what I put in having had some nice winners but also multiple big losers.
New Week Watchlists!
I'm not really watching anything right now and likely will just let the portfolio run for another week to see where it goes.
Current Holdings (Solana)
Week 30|Week 31
-|-
| Coin | Chain | Price | Change | Holding | Value |
|---|---|---|---|---|---|
| BRETT | BASE | 0.09946$ | -4% | 24000 | 2387$ |
| WIF | SOLANA | 2.53$ | -0% | 500 | 1265$ |
| JASON | SOLANA | 0.001167$ | -16% | 1M | 1167$ |
| MOG | BASE | 0.000001904$ | -2% | 500M | 952$ |
| PONKE | SOLANA | 0.4139$ | +4% | 2000 | 828$ |
| MANEKI | SOLANA | 0.008029$ | +6% | 75k | 602$ |
| BENJI | SOLANA | 0.0004779$ | +1% | 1.2M | 573$ |
| VCAT | SOLANA | 2.13$ | -3% | 250 | 532$ |
| KEYCAT | BASE | 0.004136$ | -22% | 120k | 496$ |
| USUG | SOLANA | 0.0006421$ | +55% | 750k | 481$ |
| LOA | BASE | 0.007801$ | -3% | 50k | 390$ |
| REDO | TON | 0.2324 | -15% | 1000 | 232$ |
| BENJI | BASE | 0.02176$ | -19% | 10k | 217$ |
| SLERF | SOLANA | 0.2063$ | +10% | 1000 | 206$ |
| PENG | SOLANA | 0.1839$ | -2% | 1000 | 184$ |
| SPX6900 | SOLANA | 0.8229$ | +19% | 200 (+100) | 165$ |
| HAPPI | SOLANA | 0.0008290$ | -40% | 160k | 133$ |
| ❤️ | SOLANA | 0.0003243$ | -6% | 400k | 130$ |
| ROOST | BASE | 0.002092$ | -35% | 50000 | 105$ |
| MOCHI | BASE | 0.000007639$ | -14% | 10M | 76$ |
| DOH | SOLANA | 0.00005045$ | -22% | 1.25M | 63$ |
| LOA on Solana | SOLANA | 0.001128$ | -42% | 50k | 56$ |
| BONK | SOLANA | 0.00002284$ | +0% | 2M | 46$ |
| MAMBA | BASE | 0.0001031$ | -15% | 320k | 33$ |
| Buy Funds | - | - | - | - | - |
| SOL | SOLANA | 176$ | - | 0.19 | 33$ |
| - | - | - | - | Total | 11352$ |
Previous Weeks
| Week | Portfolio Value | Week | Portfolio Value | Week | Portfolio Value |
|---|---|---|---|---|---|
| Week 01 | 1680$ | Week 11 | 17894$ | Week 21 | 7385$ |
| Week 02 | 4091$ | Week 12 | 13771$ | Week 22 | 8204$ |
| Week 03 | 4256$ | Week 13 | 12849$ | Week 23 | 8835$ |
| Week 04 | 4574$ | Week 14 | 12998$ | Week 24 | 8310$ |
| Week 05 | 4631$ | Week 15 | 10177$ | Week 25 | 9651$ |
| Week 06 | 6511$ | Week 16 | 10207$ | Week 26 | 9416$ |
| Week 07 | 6461$ | Week 17 | 11846$ | Week 27 | 12083$ |
| Week 08 | 8536$ | Week 18 | 11678$ | Week 28 | 10080$ |
| Week 09 | 9829$ | Week 19 | 10889$ | Week 29 | 10676$ |
| Week 10 | 14262$ | Week 20 | 8856$ | Week 30 | 11882$ |
| - | - | - | - | - | - |
| Week 31 | 11352$ | - | - | - | - |
Posted Using InLeo Alpha
