In the wild world of memecoins, where hype can turn pennies into fortunes overnight, $USELESS is making waves again. If you're new to this, memecoins are cryptocurrencies driven more by community buzz and memes than traditional utility—think Dogecoin or Shiba Inu, but with a twist of irony in the name here.
A recent tweet from crypto enthusiast Unipcs, also known as 'Bonk Guy', has the community buzzing. He points out a technical breakout and retest on the $USELESS chart, signaling potential upward momentum. For those unfamiliar, a breakout happens when the price pushes past a resistance level, and a retest is when it dips back to confirm that level as support before climbing higher.
What's got everyone excited? $USELESS ranks among the top three most-traded memecoins on-chain, trailing just behind heavyweights like $TRUMP and $FARTCOIN. On-chain refers to transactions happening directly on the blockchain, a key indicator of real user activity. It's also holding strong as one of the most-traded memecoins on major exchanges like Coinbase.
Holder growth is picking up steam after a brief slowdown, which coincided with a price pullback. More holders mean broader distribution and potentially stronger community support, which is crucial for memecoins that thrive on viral adoption.
Unipcs calls it "the greatest memecoin narrative to emerge from the trenches this cycle." The narrative here is the story or theme that captures traders' imaginations—in this case, embracing something "useless" in a market obsessed with utility, turning it into a meta-commentary on crypto itself.
He quotes his own earlier post urging folks to buy while the market cap is under $150 million, emphasizing the value in zooming out for the bigger picture.
The prediction? New all-time highs (ATHs) first, then pushing into multi-billion territory—and sooner than you might think. Of course, as Unipcs wisely adds, "GOD WILLING," reminding us that crypto is as unpredictable as it is exciting.
Replies to the tweet echo the sentiment, with users hyping the potential and sharing bullish vibes. It's a snapshot of the memecoin mania that's defining this bull cycle.
If you're diving into memecoins, $USELESS could be one to watch. Always do your own research—crypto markets are volatile, and what goes up can come down just as fast. For more on this thread, check out the original post on X.
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