During this round of rising cycle, fundamental research is basically unprofitable?
If we set the observation period to 23 years to the present, and then compare the secondary market characteristics such as volatility/yield/maximum drawdown of the value coin leader and the meme coin leader, we will find that this is not the case.
For example, the overall performance of the value coin leader $TIA is better than the meme coin leader $Doge $SHIB , and only weaker than $PEPE.
As a collective personality, the market always habitually exaggerates short-term memory and frequently forgets and modifies long-term memory.
The "MeMe coin soars and the value coin falls to the ground" we are currently experiencing is probably just a cyclical phenomenon. The life cycle of the "value coin is finished" theory that is in the air will be shorter than the life cycle of most celebrity meme coins.
A new narrative that emerged in this round of meme coin explosion cycle-attention economics is more worthy of the attention of value investors. Web3 mass adoption has reached its ballpark, and attention economics will play a major role in this process.
