Daily Memecoin Recap - September 21

Feels good to see $sol almost above $150

Moo Deng Is King
$moodeng -> $27m to $60m (2.22x)
- World's most viral baby hippo
- Normie approved

Baby Animals
$pesto -> $1 .22m to $3 .43m (3.63x), viral baby penguin, largest baby penguin in existence
$toto -> hit $1 .12m, baby elephant
- Following $moodeng 's success, people are turning to other baby animals

Mitch Pushes A Meme
$wawa -> $61k to $3 .32m (54x), CTO, cat meme, pushed by idrawline
$wowo -> hit $372k , dog version & beta of $wawa

ETH memes
$terminus -> $528k to $10 .5m (19.88x), First City on Mars Terminus, community-managed, inspired by elonmusk
$doggo -> hit $20 .73m
$moodeng -> hit $14 .89m, $eth version

Hehe Pushes
$hehe -> $3m to $30m (10x from the low)
- Launched in June
- Pushing for ATH

High Volume Memes
$sol -> hit $2 .63m, Sol-Chan, cat adopted from the same shelter as $neiro and $doge
$gif -> hit $958k , CTO, good meme idea, just a bunch of gifs

More Cooks
$ily -> $500k to $4m (8x from the low), cat meme, launched in July
$trolli -> $156k to $350k (2.24x), new ATH, community launched token after 6ix9ine's dog
$puff -> hit $2 .58m, cat meme
$uptober -> hit $461k
$kawiza -> hit $438k , meme going around CT
$bbw -> hit $219k , "Bullwhale"
$ozempic -> hit $170k

I need to stop sleeping on $eth cooks

Long live $bobo tho

Sharpen Your Skills In A Slow Market

When volume is low, it's the perfect time to hone in on your trading

- Learn how to read a chart (even if it's just basic support/resistance)
- Learn more about using RPC's, private nodes, private trading bots, snipers, etc.
- Make a list of the most important twitter accounts to follow
- Focus on spot trading (avoid leverage)
- Develop a system for wallet tracking
- Write down some goals that you'd like to achieve this cycle
- Make a plan for taking profit
- Focus on market psychology & controlling your emotions
- Study risk management
- Study Macroeconomic trends
- Network, Network, Network

Prepare yourself now so that when the bull market peaks, you’re ready to maximize your profits

Daily Memecoin Recap - August 29

Market's waiting for a catalyst - there currently isn't a meta

6ix9ine Launch
$trolli -> hit $20 .9m
- 6ix9ine has been engaging with crypto twitter for the last couple of days
- He's joined the retardio community and has opened a tg channel

Mbappe Hacked
$mbappe -> hit $320m
- KMbappe's twitter was hacked
- The exploiter made a bunch of tweets and eventually tweeted a CA
- Someone 1 clip bought $1 ,000,000 worth and is down 95%+

Snoofi Comes Back To Life
$snoofi -> $2 .9m to $17 .9m (6.2x from the low)
- Reddit dog
- Community keeps getting stronger
- Dexscreener added a "reddit" button

NFT Collection Coins
$chungo -> hit $230k
$clown -> hit $230k , "Amphiprion ocellaris", fish meme

Dog Memes
$chua -> hit $1 .2m, $wdog team CTO, cute dog, "jotchua"
$def -> hit $475k , "Default Dog", blank picture of a dog

Cat Memes
$keycat -> $1m to $3 .7m (3.7x), viral meme, ATH $7m
$hmu -> $75k to $1 .3m (17x), "hit me up", coin that launched in July, randomly got CTO'd today, ATH is $3 .3m
$poor -> hit $615k , "wife wants a divorce", cat meme

Matt Furie Coins
$vix -> hit $645k
$brotty -> hit $500k , hyped launch, $brett as a robot

More Cooks
$art -> hit $2 .4m
$pac -> hit $1 .45m, "Photorealistic Autism Creature"

What did you hit today? 🤔

Is OP_CAT the missing piece for BTC L2s?

This opcode has everyone talking; what does it do?

A beginner's guide 👇

Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.

What are Bitcoin's builders waiting for?

One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.

Let's dig into why this opcode could be so transformative for BTC 👇

What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.

Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.

The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.

Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.

Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.

Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.

Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.

Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.

As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!

Written by
WPeaster