Week 9 RCC Performance Update - With Bonus Content!

Happy Friday Everyone! Hope you're having a great day, it's a rainy Friday here where I'm writing from so hopefully weather is better where you read it from. We've got a two parter today: one being the regular weekly update and part two at the bottom I'm doing a month by month comparison to start drawing so more longer term trends. Apologies in advance for the length today.

Link to Previous Update Post: Week 7 Update

Part 1:

So without further adieu here's and the data from last week, 1.19.24:

https://preview.redd.it/x29rgahp7tec1.png?684&format=png&auto=webp&s=0ddb277abfaae38d627dcdf783e27cdc7561424a

And here's the data from this week, 1.26.24:

https://preview.redd.it/o2xa3yzp7tec1.png?685&format=png&auto=webp&s=f7566f5dfabd2318076a66f29035dfc61a054993

Observations and thoughts:

1. The first thing that jumped out at me is that this is the first time in a number of weeks that we saw some price appreciation in BRICK. I'll be honest I do not follow that sub very closely, maybe someone can help fill in something that may have caused this? But that was surprising.
2. Second thing is that GONE is just chugging along. I think it may be headed for a breakout as the other Polygon RCCs start dropping back. CONE is hanging in there and finally crossed the 26,000 holder number! Big congrats there.
3. Another interesting thing is that MOON has steadily been dropping in it's supply but the price has also been consistently dropping. However, the number of holders has continued to rise. I wouldn't have guessed that those events would correlate but I think it may be possible we see a bit of an uptick on MOON if holder numbers continue to move upwards.
4. You'll see last week that TACO made a nice jump and overtook PLUNGER on the weekly Market Cap list but PLUNGER flipped 'em back (barely) this week. I thought that was interesting TACO has been creeping up on them for a few weeks now.
5. Finally I did a little bit of extra research peeking into some of the communities that are on the lower end up the Market Cap here just try and gauge engagement and potential opportunities. It seems engagement in those communities has dropped off a good bit which could be cause for concern. Also, I tried playing around with swaps on MetaMask and found that attempting to swap tokens of those subs was rather difficult which to me means that liquidity looks to be starting to dry up. It may seem like a buy the dip moment but low liquidity can cause you headaches when those bags get heavy.

Anybody sees anything I may have missed or if anything jumps out to you I'd love to here from you!

Part 2:

Month-by-Month Analysis - Market Caps

https://preview.redd.it/cu1vtefq7tec1.png?431&format=png&auto=webp&s=117f57c4cf96f7fcbc8ffef3961c1dd72119d1a9

These charts will show where the market cap for the coin/token was when I started tracking and where it stands at the two month updates I've had so far.

On maybe a more positive note than point 5, it looks like most of the RCC tokens are up overall from when I started tracking. While MOON, BRICK and DONUT are all down pretty bigly from when I started tracking.

Month-by-Month Analysis - Holders

https://preview.redd.it/i11nx2vq7tec1.png?431&format=png&auto=webp&s=076d6733f74b947b1253e475e52ff77905e519ab

Holder numbers continue to climb upward, with PLUNGER showing out big time here with their big pop the first month. I also find it pretty interesting that DONUT is the only one in the red here. I think once they get switched over to Arbitrum that will hopefully quell their numbers dropping but time will tell. Prior to looking at this information about holders I put a lot of stock into seeing progress here but now I think I may need to not consider it quite as much when determining my thoughts on each token.

That's all for now! Thanks for hanging with me through it. Hope you have a great rest of your day!