The Season of Memecoins - $PUSS Coin

fredquantum (76)in PussFi 🐈 • 2 months ago

Introduction

The world of cryptocurrency presents different opportunities investors can utilize to earn from the space, from tokens with utilities or special use cases to tokens with no use case at all, created all for fun or other purposes.

_{Edit in Canva with PUSS image from official whitepaper on PussFi}

Meme tokens have taken the front page in the crypto market over the past few years, with the likes of SHIBA INU (SHIBS), DOGECOIN, PEPE and so on, having performed extremely well in the past.

The advent of meme coin fair launch platforms has made it easier for any user to create tokens with no tech knowledge at all. It was pumpfun.com on Solana making waves earlier and now sunpump.meme on Tron blockchain now.

Memecoins

A meme coin is a type of crypto with no use case and most times, they are created just for fun to get people to participate in making quick money, or creators aim to make money off buyers and rug pull the project.

Memecoins are sometimes created to commiserate an event or a precious thing like a pet. We have seen some pet-themed tokens like WEN representing cats, DOGE representing a dog and so on.

Investment into meme coins is often risky because of their nature of no actual real-life utility or use case. As such, buying tends to stop all of a sudden while the big bag holders (like the creator) sell off. This often results in huge losses for late buyers and other holders.

Regardless of the general nature of memecoins, some creators with good intentions have created memecoins thereby allowing the community to make decent returns on investment. One that has caught my attention recently is $PUSS.

Puss Coin

I do not doubt $Puss from the time I saw the token because of so many reasons. It's a meme coin created by a reputable user. Unlike other meme coins that you wouldn't have an idea who the creator is, and it's a token that has a big community behind it.

PUSS was at a $270,000 market capitalization when I first learnt about it, and I eventually bought 10,000 pieces with $10 at a $970,000 market cap on the 31st of August. I have watched the asset grow to x4 under 3 weeks.

A $1,000 investment on $PUSS would have been worth $4,000 at the moment, a very decent return on investment. On the day I bought the token, I promoted it to a few friends in a closed group where adequate opportunities are shared from time to time.

$PUSS is sitting at a $4m market cap at the time of writing this content listed sunswap.io and distributed across 1,149 holders. Another metrics that solidify the safety of investment into $PUSS is the creator that holds just 5.35% of the total token.

PUSS team also has a buy-back mechanism in place, and that means a continuous inflow of liquidity into the PUSS market. A $1b market cap is achievable in the long run.

PUSS is steadily moving and has the potential to top the memecoin space in the long run. As such, I have no thoughts of selling a piece, but I would rather buy more. Hopefully, we can make it to list on one of the centralized exchanges sooner, I know listing on a few ones can be easy with the right listing funds and that will mark another great phase for PUSS. The contract address of PUSS is TX5eXdf8458bZ77fk8xdvUgiQmC3L93iv7, you don't want to miss out.