Degen

Back of the envelope ✉️✍️

37B DEGEN total, so at $1 DEGEN, total market cap would have to be $37B

In November 2021, DOGE had $35B market cap and SHIBA INU $31B

With TOTAL market cap at $3T, this represented a 2.2% share

In the next cycle we might be at ~$10T -> 2.2% = $220B

And we just need $37B 🎩

Computational architect. Some structure, mostly chaos. Co-founder {protocell:labs}

https://protocell.xyz/

Navigating the world of finance by day, pondering its flaws by night. ETH Maxi

Honestly, I was surprised myself with this finding. I was prompted by my brother to check the validity of $1 DEGEN thesis in relation to TOTAL market cap, a no-brainer for market analysis.

It turns out, instead of disproving it, the calculation checks out 😅

husband, father, degentleman, haberdasher 🎩🥂

Father ▪️ Husband ▪️ Artist ⇨ https://linktr.ee/vectorz3r0 ▪️ PFP by @luka

Thanks for the info Luka 💁‍♂️🎩 22 $degen

Optimist // Believer, husband, dad // Possibilities into opportunities // Design & strategy // Expert dabbler // tylerhilker.com

The original analysis was much longer (saved it in Notepad), but I condensed it to fit into a cast.

Much appreciated 🙏

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

I agree with you there. I was just addressing the total “meme coin” market share here.

Two cycles ago there was only DOGE, then last one SHIBA INU came along as well.

Now, the landscape is even more diverse (PEPE etc.) and it is far from certain which role DEGEN will play here. Long term I am optimistic though.

This is a nice envelope.

I’m still not convinced Degen takes the “prize” this cycle… 

though one would expect something to way outperform and it would be great for our ecosystem if was Degen.  

Though I’m more bearish macro at the moment and wonder what type of head winds this presents overall.

Visual designer/Writer/Artist✨Computer culturescape. Curating /cassettefuturism
Check my art:
https://linktr.ee/Poppel

Yes, but also basic math with some very realistic assumptions. If the DEGEN market cap at $1 turned out to surpass BTC, I would dismiss the thesis right away on the ground of common sense. But at $37B, it’s totally in the realm of plausible.

Architecture Student | CG Artist | Parametric Designer
https://linktr.ee/itsFaMeta |

https://drakula.app/user/itsfameta

I tend not to comment on the markets or make predictions, but this one was all but prepared so I thought I would just cast it.