In Defense of Fundamental Analysis Amid Memecoin Mania

In Defense of Fundamental Analysis Amid Memecoin Mania

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Source: Coindesk.com

Memecoins embody the “Wild West” image of DeFi. Thanks to the stratospheric success of tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), the memecoin market collectively boasts a market cap of $54.4 billion – a number that would’ve seemed outrageous when these assets first emerged. And yet here we are.

As recently as March, memecoin trade volumes

Read More https://www.coindesk.com/opinion/2024/06/13/in-defense-of-fundamental-analysis-amid-memecoin-mania/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "In Defense of Fundamental Analysis Amid Memecoin Mania" appeared first here Coindesk.com.

Source: Coindesk.com

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