Weekly Rundown - November 10, 2024

In fact, it's a gas

Look for my first reviews of the Top 50 altcoins in this week’s market update!

Before diving into today's topic, I'd like to remind you of something important:

👉This week, my market update will include the first reviews of the top 50 altcoins. 

Each update will cover five altcoins—their performance against Bitcoin, pros and cons, and prospects for future success. Upgrade to the premium plan so you don’t miss a thing.

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You also unlock all of my content, including 15 Altcoin Reports. Some of these coins are up 1,000% with plenty of room to run higher.

Did you take the trade I mentioned in the November 6, 2024 update?

In that update, I also looked at key HODL behaviors, checked in on a long-term pattern we’ve seen in the US dollar, and peeked at altcoin performance in preparation for my review of the top 50 altcoins.

Look for more goodies in the coming months. Scroll down for some content you may enjoy.

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Bottom line: Grifters made money from election-related memecoins.

My take: I’m all for memecoins. They’re more fun than casinos, easier to get to, and just as profitable (for you, not the memecoin creators). Many of them fail, but they cost nothing to create and there's always a market of willing buyers. Of the thousands of tokens referenced in the linked article, how many have you heard of? Probably none. Yet, people still think they’ll catch that one that makes them a fortune. We know better.

Why you should care: So you don’t get mad about missing that memecoin “everybody else” got rich with. You also missed the other 999 that went straight to 0.

While we’re on the subject of memecoins, Crypto Pragmatist published a primer on memecoins, From Jokes to Fortunes: Why Memecoins Are Ruling Crypto.

For old hands, you won’t find much new information. For newcomers, it’s a great, simple, short summary of the most important things to know.

Regardless of how long you’ve been in crypto, it nicely summarizes why memecoins have staying power and relevance, gives you some tips for finding them, and prepares you for what to expect when you do.

Relax and enjoy the ride!

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