Ragnar
1.1K posts

Ragnar
@Ragnarok_Crypt
Shizo Analyst - I believe in me NFA
Katılım Kasım 2024
1.7K Takip Edilen261 Takipçiler


we getting $ww round 2??
ai + goon in todays market hmmm
Pata van Goon@basedalexandoor
150M locked? should i do more
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@basedalexandoor @b00gi3 dont take advice from boogie, this guy jus wants better entry to rape
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@PlayKintara lol crazy candles on a game thts down for maintenance
Excited for the patch
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Ragnar retweetledi

The bullish thesis for $CHUSD is one of the cleanest asymmetric narratives in crypto right now. It is a cultural stable asset paired against USDC, built around one of the strongest price pegs in modern American history: the Costco hot dog. My target: 1 $CHUSD = $1.50.
Let’s start with the underlying. The Costco hot dog + drink combo has been priced at $1.50 since 1985.
Since 1985!!
That means the combo survived:
• the dot-com bubble
• 9/11
• the 2008 financial crisis
• ZIRP
• COVID
• money printing
• supply chain chaos
• 2021 food inflation
• 2022 rate hikes
• the entire post-pandemic cost-of-living crisis
and it still trades at $1.50.
The dollar inflated. The menu boards inflated. Fast food inflated. Rent inflated. Insurance inflated. Groceries inflated. But the Costco dog held the line. For 40+ years, the Costco hot dog has done what every stablecoin claims to do: maintain trust.
USDC is pegged to the dollar. $CHUSD is paired to USDC. The mission is simple: repricing CHUSD to its natural cultural peg.
1 $CHUSD = 1 Costco Hot Dog USD.
1 Costco Hot Dog USD = $1.50.
Therefore:
1 $CHUSD = $1.50.
I see a dislocation here. I see a token trading below the value of the most iconic fixed-price consumer product in America. I see a cultural asset underpriced against its own benchmark.
The pair is basically a live market on whether crypto can recognize that the strongest stablecoin in America was never issued by Circle. It was served in a warehouse with a soda. The Costco hot dog is also a perfect anti-inflation meme. Everyone understands inflation. Everyone feels it. Everyone knows $1.50 does not buy what it used to. Except at Costco. That is why this meme works. It is instantly legible.
Short inflation. Long $CHUSD.

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Ragnar retweetledi

@phantom i might got something for you $CHUSD
Phantom@phantom
$1.50 hotdog and a dream? COSTCO earnings report is this week 🌭 Go long or short on Phantom 💫
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