Crypto portfolio update

Exposure: 54.3%

Net return: 672.9%

Comments: The crypto industry sure changes quickly. Today, we have a new main character:

So who is he?

His name is Murad Mahmudov and he was thrust into the spotlight for his memecoin supercycle presentation at Token2049:

For further understanding of his thesis, check out this interview on Steady Lads:

So in a space of two weeks, Murad has gone from zero to hero; And this happened at an opportune time.

You see, CT had increasingly been speaking out against Ansem (the prior main character) for his repeated shilling of low effort celebcoins and low market cap memecoins - almost all of which dumped hard - which lost people a lot of money.

As Ansem was losing support from the crypto community, there was no one to supplant him as the main character and without a "leader" to rally under, the vibes on CT got more and more despondent.

Then came along Murad with a new, evolved, and highly compelling memecoin thesis that got everyone's imaginations running again.

Murad's favourite memecoin, SPX6900, saw a 20x gain after his Token2049 presentation:

Amid the lull in the broader crypto market over the last 2 weeks, all his favourite memecoins saw major rallies.

Here's the list of his top 10:

With this re-invention of memecoin narrative (from 'animal coins' to 'movement coins'), people are starting to see how the category can keep evolving to cater to changing tastes.

Every time the existing memecoin theme gets stale, a new one will emerge to once again capture interest and attention.

This is how a 'memecoin supercycle' can run for a substantial period of time. Specific memecoins will rise and fall, but the memecoin category as a whole can keep going.

So if you've been brushing memecoins off as a short term fad, you might want to reconsider.

Current allocation:

🎮 Off The Grid

Finally, a web3 game that rivals its web2 counterparts.

'Off The Grid' is a 3rd person battle royale extraction shooter that's actually fun to play. It's the first web3 game that stands a credible chance of getting mainstream adoption.

Hopefully, this is just the first of many more to come this year.

Admin update

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🚐 Van camping with VR

Hell yea.

 Quote of the week

Greatness does not come out of intelligence, it comes from character.

Character is not formed out of smart people: it is formed out of people who have suffered.

- Jensen Huang, Nvidia CEO

Thanks for reading, and have a great weekend.

Cheers,
Slowmad

P.S. If you have any questions or feedback, let me know at: chris[at]digitalslowmad[dot]com

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