Inauguration is probably the sell the news, the same as elon musk on snl with doge
Who knows though its trump
All in
This exact thing happened with doge in 2021 where all shorts got blown out over and over and doge reached like a 130b market cap. This thing only has a 14b (non fdv mc) atm
And led to a 6 month ish period of alt coins going balistic
And markets are a flat circle so it is what it is
Just note that i called alt season in the cryptocurrency thread for the last 2 months and have made no money off this.
Can you explain how does a normie onboard to buy this with minimal stuff like a "solana wallet" to manage
Onboarding is the #1 bottleneck here, as long as there is an ever-broadening onramp it will keep going up
For example: If this becomes tradeable on coinbase it will skyrocket again
Right now there is still a barrier to entry that you need to know this random memecoin garbage lingo and procedure which the majority of America's stupid people (the target audience for this stuff) will not be able to parse
This is pretty funny
I know a little asian man (FOB 60 years old) who is into this stuff and this is written exactly for him
Coinbase / binance are all pretty bad now
You can just download moonshot / phantom now. The apps create a wallet for you and you just unlock it with your biometrics. You can instantly deposit with credit card in these apps now.
Both apps have a sort of coin explorer where you can see trending coins / coins verified to not be scams etc. The trump coin worked with pretty much every platform to have it instantly verified and ready to be purchased the moment they launched it. I got a push notification the moment it launched from moonshot "Official trump coin verified and available now" the literal moment it was launched lol
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Did you buy
No i was watching shameless with my girlfriend. I saw the notification but i thought it was a scam lol
I'm most likely going to put in 5k when I get home. 5k for this and 5k for VOO (important to diversify)
False diversification. When trump takes office he will change voo weight to be 50% $trump so your portfolio will be 75% net $trump
That's what I want.
It's like buying every big tech stock and then saying you're buying S&P because it's smarter in the long-term
While the deposit fees are cheap for those apps, they charge like a 1% swap fee when you actually swap for the token you want
Youre best off onboarding with them, exporting your keys to a phantom wallet in browser and trading on photon or jup for lower fees
But honestly its probably not worth the hassle and i dont think the majority of new players do it
Yeah you are paying 1% for convenience and not having to learn all this shit
I am fine with that
I dont know if youre trolling but use phantom if youre actually going to do it