The Hottest Crypto-Projects This Summe

By | July 24, 2023

Worldcoin was released today upon an unsuspecting investor community, reaching a market cap of $22 billion USD:

Don’t get too excited by that huge number. Ninety percent of the supply of Worldcoin is currently locked, meaning that the first day of trading meant traders were buying a very “constrained” pool of tokens.

Seventy-five percent of the supply will be allocated to the Worldcoin “community”, 9.5% to the initial development team, and 13.5% to Tools for Humanity investors (ie. the VC team who may or may not dump the token the first chance they can).

So the “initial” development team is sitting on tokens worth a cool $2 billion. I should have taken programming courses in university, but no, I wanted to be a writer.

Anyways, what is Worldcoin? Well, it’s…different:

“Worldcoin is one of the most audacious projects in recent memory—a company directly out of a sci-fi movie, with a promise to gift individuals crypto tokens if they scan their eyeballs using a futuristic orb.”

The project is backed by Sam Altman who is the founder of OpenAI, so I wouldn’t dismiss it entirely.
I don’t have any tokens. I am too squeamish.

But the Winner for BEST Crypto Project this Summer is…

Hamster racing.

No, I am not making this up. We now have the ability to bet on livestreamed hamster races:

Now I must confess that the market cap of the Hamsters token is slightly lagging behind that of Worldcoin with a $6 million market cap:

But guys… …come on… we get to watch racing hamsters!


Disclaimer: This article was written just after my one-week visit to Osoyoos, in the heart of BC wine country, where I indulged in wine tastings multiple times a day. Tomorrow I head to Whistler for three days of hiking with wine drinking in the evenings as well.

None of the information contained in this article should be construed as financial advice.

I am not a financial advisor. Betting on hamsters is especially risky and in no way do I condone the activity of hamster racing, although I find it hilarious, and I consider it less stupid than having your retina scanned by a weird-looking orb.

I do not own any Worldcoin tokens. I do not own any Hamsters tokens at time of publication.
I do however reserve the right to buy Hamster tokens in the future.

I have never bet on a Hamsters race but I do reserve the right to bet on future Hamster races, especially on the weekends and if I have been drinking.