Week 7 of My RCP Performance Tracker

Happy Friday Everyone, hope you're doing well today. Little bit of an intro here on this: around the end of November I really started getting into the newer RCP tokens and their various subs. I wanted to start tracking their performance and compare them to some that are more established and then also other big meme tokens. The first reason for doing this was to try to see which ones may be worth investing but secondly to see how big the gap is between these tokens that most say have no real value to the large market cap tokens that most say also have no real value.

When referring to RCPs below I'm moreso focusing on CONE, PLUNGER, BONE, TACO, POOP, GODL, GONE and MIKO. I know MOON, BRICK and DONUT are technically RCPs but I tend to put those in a different category as they've been around a bit longer, are on different chains but I am tracking those to compare the newer ones with those, just as a point of clarification. Also, these coins/tokens are listed in the spreadsheet in order of Market Cap in case you're curious.

So without further adieu here's another update on our how RCPs are performing. I'll be taking a break from these updates next week but will be back the following week. This week we had a lot of action going on with fake SEC tweets, Gary Gensler shooting his mouth off and then the eventual conclusion that most of us thought would happen with BTC ETF approvals. All in all there were lots of ups and downs and I'm looking forward to the weeks to come. Let's dive in!

Here's the data from last week on 1.5.24:

https://preview.redd.it/ols9iaz9t1cc1.png?745&format=png&auto=webp&s=978d72bd56705ed33d0e29b434106051e8b34a8b

And here is the data I pulled this morning from 1.12.24:

https://preview.redd.it/8bo84ufat1cc1.png?745&format=png&auto=webp&s=f3f1dbaf3bba920ec7063742d154051b0c88fa5b

My observations and thoughts:

1. You'll see for this week that two new tokens have entered the mix! MIKO was airdropped to holders of Miko NFTs related to their sub JeweledCones. And GONE has now become apart of the Reddit Community Points club with getting their reward system up and running on their new sub (launched 12.22.23) PolyGONE. Both are on the Polygon chain and I'm glad to include them in this update.
2. I talked about it in the update last week but POOP was getting close to jumping BONE in market cap and this week they made that jump, jumping both BONE and GODL along the way. For the rest of the Polygon RCPs, most had upward moves except for BONE and GODL which dropped.
3. I want to talk about DONUT with my third point. When I started this project my preconceived notion was that DONUT and BRICK were about the same and were heading on downward death spirals. However, last week totally changed my mind. I submitted my first post update in their sub and my eyes were opened. They are working on doing a lot of cool things over there and continuing to build up their community and token. With their ratio of members to holders being as it is if DONUT starts going, look out. Also, they picked up almost half million in market cap from the last update which is good to see.
4. The top 3 coins (non Reddit related of course) saw pretty decent gains across the board. I wanted to see how much of an impact the BTC news would have on those as it didn't really pump the smaller tokens on this list.
5. The holder numbers stayed pretty flat but continue to trend upward for most. Although Donut, Plunger, Taco and Bone have stayed very very flat. I continue to think that holder numbers can be one of the better indicators of market cap growth. Hopefully those can pick up a bit as we head towards the long awaited bull run.

If you saw anything that jumped out to you that I missed please feel free to share in the comments. I believe community engagement will continue to be our main driving force in these times of plateau. So keep interacting and encouraging, do what you can to push the community forward.

**Data collected from DexTools and CoinMarketCap**

**As a second disclaimer, my aim is not to shill these coins/tokens. I currently only hold a sizable position in one of these 14 listed and do my best to take an unbiased approach to these updates**