#McRib Market cap: 330K. Reasons for optimism
1. Interesting narrative: the hamburger theme. McDonald's is bringing back its McNugget chicken burger at select locations in the U.S. The product is reportedly set to roll out in select cities starting October 27. Some traders believe Bitcoin goes up whenever McDonald's brings back its McCheese BBQ burger.
2. Low market cap. The new launch peaked at 497K, then fell to 330K, where I picked some up. The holder distribution is reasonable, with the top 100 accounting for 46.8%. There are a few big players.
3. A united community, with over 6,200 holders and more than 3,000 community members, mostly overseas. Promotion is mainly through images and text.
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