Frenzy

The recent surge of memecoins in the cryptocurrency market has left many wondering—why are these coins running so hard? The truth is, no one really knows how to price them. 
Just like in the early days of projects like ADA and MATIC, which lacked clear fundamentals or user bases, participants struggle to assign valuations to tokens based on internet memes, slang, or jokes. 
However, the market has evolved. It’s moved from valuing “fundamentally good” but incomprehensible tech to a more straightforward approach: “I don’t know what I’m doing, but let’s send it anyway.” 
This shift reveals that the market is embracing the fact that no one truly knows how to value these assets. 
Memecoins capture the current culture, and their rapid rise reflects how attention and emotions are becoming the true drivers of price action in this space. 
<figure id="attachment_51936" aria-describedby="caption-attachment-51936" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="size-full wp-image-51936" src="https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-22-42.jpg" alt="memecoin market cap" width="1280" height="496" title="Why are Memecoins Outperforming: A Frenzy of Culture, Attention, and Emotions 24" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-22-42.jpg 1280w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-22-42-300x116.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-22-42-1024x397.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-22-42-768x298.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-22-42-750x291.jpg 750w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-22-42-1140x442.jpg 1140w" sizes="(max-width: 1280px) 100vw, 1280px">
 <figcaption id="caption-attachment-51936" class="wp-caption-text">
 memecoin market cap
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</figure> 
Unlike traditional assets, memecoins have no ceiling or floor. Their value is dictated by social trends, hype, and often fleeting internet fame. Trading memecoins is essentially trading culture at breakneck speed, an experience unique to the modern digital age. This new environment challenges market participants, but those who can understand the rules, adapt, and stay agile may find success. 
<figure id="attachment_51937" aria-describedby="caption-attachment-51937" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" class="wp-image-51937 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-25-39.jpg" alt="Top memecoins by market cap" width="834" height="862" title="Why are Memecoins Outperforming: A Frenzy of Culture, Attention, and Emotions 25" srcset="https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-25-39.jpg 834w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-25-39-290x300.jpg 290w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-25-39-768x794.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/10/photo_2024-10-17_14-25-39-750x775.jpg 750w" sizes="(max-width: 834px) 100vw, 834px">
 <figcaption id="caption-attachment-51937" class="wp-caption-text">
 Top memecoins by market cap
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</figure> 
In the end, it’s a game where the objective is less about fundamentals and more about mastering the ebb and flow of attention.

Why are Memecoins Outperforming: A Frenzy of Culture, Attention, and Emotions

crypto.ro global

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