the biggest mistake many make when looking for assets to bet on is naively betting on lowest cap instead of betting on reflexivity

$PEPE pumped 50% in the first 48 hours of this year, adding almost $1 billion in market cap despite already being a large cap

$USELESS pumped 60% in the same duration, despite being a much lower-cap memecoin at around $100 million

what’s interesting is that several much smaller memecoins (i.e. in the $10m–$100m range) barely pumped 30% in the same period, despite being much lower caps than PEPE and even lower than USELESS

you would have outperformed by buying PEPE in the billions compared to all of those lower caps

you would have outperformed even more by buying USELESS

the way to win when a new trend emerges is to simply bet on the leaders and outperformers

in the case of USELESS, while it is trending alongside PEPE, it is a much lower cap relative to PEPE and therefore likely to be more volatile — but the trend is in its favor just as it is in PEPE’s favor, making this one of the cases where betting on a lower cap is actually the wise move