Coin Metrics: Meme coins hit all-time highs an average of 17.2 days after launch, and only 3% ever return to their all-time highs
I like to assess project news on three levels:
1) Substance: Is there real progress, or just an announcement?
2) Token: Will there be any additional unlocks? Will the supply increase?
3) Usage: Does trading volume pick up afterward?
$BTC is currently at 82,163.03, up 0.52% over 24h. This is a plus, but it’s rare for all three levels to check out.
The impact of news on prices often comes with a lag.
I like to assess project news on three levels:
1) Substance: Is there real progress, or just an announcement?
2) Token: Will there be any additional unlocks? Will the supply increase?
3) Usage: Does trading volume pick up afterward?
$BTC is currently at 82,163.03, up 0.52% over 24h. This is a plus, but it’s rare for all three levels to check out.
The impact of news on prices often comes with a lag.