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Investing means controlling your emotions. Crypto and memecoins offer opportunities for making large amounts of money. But most small retail investors actually loose money. They tend to chase coins that promise large gains in a short period of time. Or panic during market dips and sell offs. This post explains why investing in $HEGE at its current price might prove to be a great opportunity. But let’s start with following headline to explain why controlling your emotions is key. This study explains the classic buy-high-sell-low trap that lots of rookie retail investors fall for. Hoping for overnight gains, they ape into a project that has already made a recent big pump. They instantly panic when they see a red candle and choose to settle for their losses. Important thing to note: this study is from 2022, written after Bitcoin’s previous all time high at $68,991 in November 2021. After that, the price dipped to $18,000 in December 2022. But in March 2024, just a year and three months later, BTC reached it current all time high of $73,084. Last week, BTC stood at $68,000. Conclusion: the retail investors selling after the 2022 crash, sold their holdings to smarter investors. Because smart money does it differently. Those investors have studied market patterns and buy at a dip. That is called contrary investing. The reason is that dips are part of any investment cycle. Have a look at this chart for instance. Of course, it’s up to the investor to decide if it is a temporary dip, or a total decline. Studying the fundamentals of your investment therefore is a good idea as it will help you control your emotions with logic. The investors buying Bitcoin during a dip saw its potential, not its short term losses. if you want to further zoom-out, have a look at the famous Bitcoin rainbow chart: Memecoin bull run Now, lets switch from Bitcoin to the world of memecoins. Memecoins have the potential to become the narrative of the expected bull run of this fall. If past patterns hold, we are currently in the summer lull before the autumn start of the crypto bull run that has traditionally followed a Bitcoin halving event, like the halving this past spring. In the bull run of 2020-2021, NFT’s were the popular narrative. Currently the expectation is that memecoins will be the narrative of the upcoming expected bull run, and the vehicle to which people who want to take financial advantage of this cycle will turn. Memecoins were already the most popular crypto narrative in the second quarter of 2024, accounting for 14.3% market share. And Solana memecoins are the dominant memecoins, due to low transaction fees and high transaction speed. $HEGE: unique project $HEGE is a unique project in the world of Solana memecoins. It’s the first story driven memecoin. As $Hege’s market cap grows, more chapters in the story of Hege the hedgehog, Hegena, and two other characters unlock. All the way up to $ 1B market cap, and possibly more, the community can follow the adventures of Hege, his journey from rags to riches and his quest for Hegena’s heart. Moreover, $HEGE was created to be a safe space for crypto enthousiasts. The idea was born when the developer, tired of rug pulls and the many scams plaguing the Solana ecosystem, got into a broader discussion about the economy being rigged, causing the rich to stay rich and the poor to stay poor. It was then when the idea for a hedgehog-themed memecoin was born: HEGE, a hedge-fund for the crypto-community. After the developer had outlined his ideas on a reddit post this April, an enthousiastic team recognised the uniqueness of this idea and quickly joined the project. In the past four months Hege grew from a market cap of 68K to 8 million. The community grew organically to around 7,400 holders, 12,000 X followers and a positive Telegram group of around 6,0000 enthusiasts. In a previous reddit post, I explained why organic growth is a healthy sign. Buy signal After yesterday’s decline across all markets, $HEGE is making a swift recovery. Dipping to a low of $.005, $HEGE is currently moving back to its previously established floor of $0.008 – which is a great entry point for this project. This recent reddit post discusses the technical analysis more in depth, I don’t have to repeat that here for you. Of course, do your own research as well. I like to look at large buys and sells via the filter at dexscreener.com to see what smart money is doing. This is today’s chart, with a filter set over $5,000:Next phase: In the past months, $HEGE’s team succesfully focused on building community and securing exchange listings. Last month, $HEGE listed on two top tier-2 exchanges, MEXC and Bitmart. They handle over $3 billion in daily trading volume and have nearly 20 million users. This brings a lot of potential liquidity to this project in the next run up. Last month, a community marketing fund was filled with donations totalling 120.000 USD, in just two days. This marketing fund will be deployed in the weeks ahead, starting today. It focuses on upsizing content after onboarding 4 more animators for this project and an increased focus on YouTube, TikTok, and Instagram to reach holders who have never heard of HEGE before. Last weeks YouTube posts have gotten over 15,000 views already. Also cooperations with other projects will be established. More details of the upcoming marketing push can be found in this document: submitted by /u/D0LPH1N1 |
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