I came across this point again while reviewing my notes, so I thought I’d share it.
Most meme coins have no revenue or real-world utility to use as a valuation benchmark, so their prices are driven mainly by sentiment and the flow of funds in and out.
High volatility means that rises and falls can be equally dramatic. There are no meme coins that only go up and never come down.
The official $PEPE website also states that PEPE has no intrinsic value. It is currently at 0.0₅487.
When did everyone figure this out?
This is not financial advice. Make your own decisions.
Most meme coins have no revenue or real-world utility to use as a valuation benchmark, so their prices are driven mainly by sentiment and the flow of funds in and out.
High volatility means that rises and falls can be equally dramatic. There are no meme coins that only go up and never come down.
The official $PEPE website also states that PEPE has no intrinsic value. It is currently at 0.0₅487.
When did everyone figure this out?
This is not financial advice. Make your own decisions.