🐶 The dog has a hat

GM everyone. This is 2036. We scroll for gems all day so you don’t have to.

Here’s what we’re serving up today 🍲: crypto is on standby, waiting to see whether GBTC will lead to more selling pressure. But one coin isn’t bothered by any of this. It’s up 5X in ten days… and wears a hat.

Let’s dig in.

We’ve talked about investing in memecoins before.

They defy every investment framework and leave most investors in the dust.

That’s because they don’t require any fundamental analysis - but rather an understanding of culture.

Memecoins have no fundamental value other than the ability to pump and dump really fast.

However, they can be some of the biggest drivers of adoption.

Solana Saga phones sold out in December because crypto Twitter discovered every phone came with a $10 airdrop of a memecoin called $BONK… now worth $600 - more than the phone's price.

Since then, $BONK’s taken a breather, but a new coin has taken the stage: dogwifhat.

Dogwifhat is a Solana memecoin that’s up 5X in the last 10 days, and is now worth $445 million.

It’s gotten so popular that Franklin Templeton - an asset manager with $1.5 TRILLION in dollars under management - is Tweeting about it:

Laser eyes refer to bitcoin maximalists, many of whom replace their profile pictures with laser eyes.

Franklin Templeton invests funds for some of the wealthiest institutions on the planet. And they’re tweeting about a memecoin on Solana, dogwifhat.

Just let that sink in.

It’s easy to dismiss memecoins. But even if you don’t invest, I urge you to pay attention.

Because memecoins are culture.

They’re a subset of crypto that doesn’t care about fundamentals (protocol revenue, fees, etc.), business cycles, or how things are supposed to work.

They exist for the culture, the fun, the community, for sticking it to some authority (VCs, regulators, politicians, etc.), and for getting rich today.

These memecoins have as much a role in crypto adoption as complicated whitepapers because they’re easy to get on board with.

They have rituals, memes, or beliefs that make holders feel like they’re part of something bigger - and that spread like wildfire on social media.

Sometimes, it’s Pepe the Frog. Other times, it’s Dogecoin or Shiba Inu.

This week, it’s dogwifhat.

As the bull market really gets going, you’ll hear of many more memecoins do 100-1,000X - often in weeks.

They’re a breath of hope for a young generation saddled with debt and asset inflation.

And they’re one of the few ways to score 100X in crypto.

If you’re feeling frisky, you can browse Birdeye to see what other memecoins are popping up.

P.S.: If you’re curious, the other two ways to do 100X in crypto are…

• In blue-chip projects with a long-term horizon (3 years+) purchased at the bottom of the bear market.

• In early-stage investments - something we offer at 2036 Private Investor. Our first investment’s token goes live next week 👀

• Want our step-by-step blueprint for making money in crypto?

  • Click here to get notified when we release the next (expanded edition) of our 2024 crypto guide.

• Want to invest in early-stage crypto opportunities before everyone else?

  • Click here to join 2036 Private Investor (it’s free).

1/ Dogwifhat rockets to 50 cents as Solana memecoins make a comeback

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.