RCC Tracking Entering It's 24th Week - $hroom Officially on the Menu

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Good Morning and Happy Friday Everybody! Disclaimer at the top: Sunday is Mother's Day, don't forget about it! Hope you're having an awesome day so far! What an exciting roller coaster of a week:

  • $hroom officially dropped right around midnight on Monday night going into Tuesday (5/7).
  • The three month clock on Bucket has run it's course and we are firmly on Bucket drop watch!

There has been much discussion about the new token drops, with how it all went down and the fallout from it. I won't go into that much here but will talk about it a bit at the bottom, you can find out more info in the MushroomPlanet sub.

Also this week, u/Jeff5704 and I got to talking and decided to throw together an RCC community Texas Hold Em poker game. Here's a post with details if you're interested in joining (free to play and could win some RCA and/or RCCs): the Poker Tournament Info is in a post pinned to the top of my profile for you to check out.

Alright, enough of that stuff! Let's get to the fresh RCC data!!

Here's the data from last week 5.3.24 and this morning 5.10.24. It appears changes to the UI may have caused some issues as it is not allowing me to add more than one picture:

https://preview.redd.it/rzqb0n97wlzc1.png?width=976&format=png&auto=webp&s=3daaf0010fcd6694bfb9e0cc0c94f2ba94aeb986

Here's what I noticed first:

  1. We had some MCs flip this week. Bricks flipped BAN, Donut flipped CONE and LIC flipped TACO.
  2. TACO had a huge jump in holder numbers, almost doubled their numbers. But the MC is still dropping so what gives? I think things will shake out over the coming weeks there but this could be a potential opportunity. I'm still learning how things work in this area but to me a big bump in holders would seem to be bullish news, time will tell.
  3. MIKO had the unfortunate and rarely seen double drop with the holder number and sub member totals dropping (albeit very small amounts). Probably doesn't mean a whole lot given their current standing and how small the number drop was but something that caught my eye.
  4. Let's talk $hroom for a minute. It's still very early being less than a week old but I think one of the most interesting things to consider is the what I'm gonna call the transaction tax that it carries. Withdrawing $hroom from Reddit now incurs a tax and also any buys or sells on chain incur a tax as well. This is the first time we've had this type of variable introduced with an RCC but its become an interesting case study. The token was up 3000% in the first day partly due to confusion over how the airdrop was happening but it hasn't crashed down like I think most expected out of the gates. Could be due to the tax partly but I think a factor that was underestimated is the number of people who appear to want to actually just hold right now.

Well that's all I got for now, it's been an interesting and fun week for me. Very much looking forward to the Bucket drop, whenever that will happen. Hope to see a lot of you for poker on Saturday evening! Until then hope you have a great weekend celebrating the moms in your life!

submitted by /u/jimfird
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