Dogecoin

Quantum

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Charles Edwards, a cryptocurrency analyst and the founder of the Capriole Investments fund, has shared a screenshot of an infographic that offers a comparison between the market caps of all <a href="https://u.today/shib-burns-skyrocket-319571-whats-happening" rel="noopener noreferrer nofollow">meme coins</a>, Dogecoin in particular, and the Quantum stocks market. Dogecoin alone has left the latter far behind.
Edwards, who has been paying close attention to the development of Quantum computers recently, ponders if this state of things is going to end soon or last long.
<h2 id="meme-coin-market-and-doge-surpass-quantum-stocks">Meme coin market and DOGE surpass Quantum stocks</h2>
The infographics shared by Edwards displays the market capitalization sizes of meme coins, DOGE, HYPE crypto exchange and all Quantum-focused U.S. companies’ stocks this year.
The size of all meme coins’ market value constitutes a mind-boggling $120,000,000,000. Dogecoin in particular boasts $57,000,000,000. Meanwhile, the HYPE cryptocurrency exchange (this particular choice was not clarified by the analyst), which is not on the top 50 list of cryptocurrency trading platforms yet, has a market capitalization of $27,000,000,000.
<blockquote class="twitter-tweet">
 The better question here is, how long do you think this will last?— Charles Edwards (@caprioleio) <a href="https://twitter.com/caprioleio/status/1869325487136461061?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 18, 2024</a>
</blockquote>
Meanwhile, according to the tweet, the entire U.S. Quantum stock market is valued at $16,000,000,000 — almost 1/4 of Dogecoin’s market value alone.
Edwards commented on this data, saying: “Be honest. Do you think this makes sense?” As an afterthought, he wrote: “The better question here is, how long do you think this will last?” This implies that perhaps he does not expect this state of things to last for long.
The commentators from among his followers agreed with Edwards that Quantum stocks are largely undervalued compared to crypto and especially compared to “s-coins,” as they referred to meme-themed cryptocurrencies. Some expect this to stay this way for another couple of months, expecting a major correction for meme coins to follow.
<h2 id="quantum-computers-to-transform-ai-per-edwards">Quantum computers to transform AI, per Edwards</h2>
Earlier today, Charles Edwards published two X posts, dedicated to the fast development of Quantum computers. He pointed out that “Quantum alone is a giant industry” with an addressable market size of multi-trillion dollars. However, he continued, currently it overlaps with other two markets, which are AI and semiconductor chips.
<blockquote class="twitter-tweet">
 Quantum alone is a giant industry. Multi-trillion dollar addressable market size. But it also overlaps the biggest growth sectors we have today: AI and semiconductor chips. These are perhaps the two other largest markets over the next decade. The Q4 quantum stocks happen to also…— Charles Edwards (@caprioleio) <a href="https://twitter.com/caprioleio/status/1869309089760842175?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 18, 2024</a>
</blockquote>
But, according to the analyst, Quantum-focused companies will also start to produce chips and transform the artificial intelligence space. “Quantum is the biggest melting pot for this decade's exponential themes,” Edwards said. <a href="https://u.today/dogecoin-market-dominance-over-quantum-stocks-highlighted-by-analyst-charles-edwards" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Dogecoin Market Dominance Over Quantum Stocks Highlighted by Analyst Charles Edwards

Table of Contents

U_Today

Other articles published on Dec 18, 2024

Avalanche Raises $250M Through Private Locked-Token Sale for Avalanche9000 Upgrade

Wormhole, EigenLayer and NEAR-focused Nuffle Labs partner to bring restaking beyond Ethereum

Monad Launches the Monad Foundation to Drive Ecosystem Growth

Weekly Article Recap: 12/09-12/13

Circle and Binance Form Strategic Partnership to Drive Global Adoption of USDC

Bitcoin Price Could Hit $200K In 2025 Amid Rising Institutional Demand, Bitfinex Says

Join our free newsletter for daily crypto updates!