A Wild Bucket Has Appeared! - Week 28 RCC Tracker

Hello Again, and Happy Friday!! Taking last week off from doing this post was a good break. Wasn't planning on posting this week either but there is just too much happening not to do an update!

Bucket Token launches tomorrow which has me pretty fired up, those of you that snagged cheap BucketHeads a couple months ago are feeling pretty good I bet! They also had a successful of Founder's Buckets which was cool to see. Which leads me to Cone dropping their first collection of non Reddit NFTs adding a cool wrinkle. I'll talk about it a bit below but noticing outflows on RCCs across the board which makes me think could have been a bit of a liquidity pull to get ready for these launches.

A bit of an update on me, I've been quite quiet on Reddit for the past couple week. But I've been branching out and exploring other token chains and it's shown me how truly wide the world of crypto is (way bigger than I ever considered). I've been checking out Cronos chain communities (mainly $MOON, $MERY and $ROBIN) for about the past two weeks and change and the similarities with Reddit tokens are there but they do most of their community engagement on different platforms (mostly discord and twitter) and are starting to try and branch into Reddit now. I think there is a great potential for future collabs and we can also push the cryptoverse forward together. Also, I know that a lot in the Reddit communities are scared of discord and fearful of getting drained, if you're vigilant and careful you have nothing to worry about, same with how you use Reddit. Next chain I'll probably be checking out is the Base communities to see what they have going on.

Alright enough of that stuff, let's get to the data! As a reminder for those who may not have seen my posts before the idea behind these is to compare our "worthless" Reddit tokens with the high market cap and also "worthless" meme tokens and see if there may be opportunities along the way and how they compare in movement.

Pull from 5.31.24:

https://preview.redd.it/qpw23sqtq55d1.png?716&format=png&auto=webp&s=41237a67a686f7692b8a4be636ecb9d3198406ae

Data from this mornings pull on 6.7.24:

https://preview.redd.it/dupuy9auq55d1.png?716&format=png&auto=webp&s=a432fd339a1f129e2618ce487972ea2f227e27e5

First thing off the board, and I just have to get this off my chest because I was right for a change haha, is that PLUNGER has finally crossed the 1,500 sub member barrier. A couple months back, in the comments of one post somebody asked about when I thought Plunger would hit 1500 and I said, looking back at previous growth data that it probably would happen until summer time this summer. Feels good to be right about something in this space for once haha!

Alright, second thing and more importantly, is that everyone across the board (including the big boys at the top) had drops or extremely negligible gains. BTC picked up roughly 5% this week so may be that has something to do with it? I hope it's not people trying to degen on GME stock haha, it's had a crazy week as well! The other factor that I mentioned above is that with the releases coming out for Bucket token and non Reddit NFT drops from Cone it could be a bit of a liquidity pull to prepare for that.

Third, I'll give a little shout out to the JeweledCones team on hitting 300 members.

In the previous week Cone had a nice little move up and flipped Donut in MC but gave those gains back this week and Donut flipped em back. Also, in a somewhat shocking turn of events Banano briefly flipped Bricks last week but they gave that position back this week. Outside of those, the MC lineup has not moved in some time.

Gone has continued to drop which I'll continue to watch. They had a related NFT drop earlier this week about Potatoes that was actually quite successful, even though the NFT project itself is not directly involved with Gone itself. I'm keeping my eye on them but I honestly don't know what to think about it haha.

A Couple of Extra Notes Here at the Bottom:

-I know there are a couple coins that have joined the family that I haven't added. Since I haven't been as active I haven't had time to add them just yet but I will get them added soon.

-Going back to my experience in some of the other communities I've been checking out, talking specifically about avatars/NFTs, Reddit has an amazing system set up with their customizability with how we can do mash ups. This feature I haven't found really anywhere else and it's unfortunate to see Reddit not seeming to care enough about expanding their RCA program. Seeing really talented artists leave the program is really unfortunate and I know people will say that RCAs don't bring in hardly any money for them. Totally understand it but there is so much potential that they could have to expand it that is getting missed! Seeing other communities coming to Reddit is the perfect opportunity to get it expanded and Reddit is going to miss the boat on unlocking that potential if things don't change.

Hope you all have a blessed weekend! Next Friday is my IRL cake day so my next post will probably be the following week for the monthly update. Until then stay classy folks!