Memecoin represents the “Wild West” image of DeFi. Thanks to the runaway success of tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), the memecoin market boasts a market capitalization of $54.4 billion – a figure that seems outrageous given the assets This appears for the first time. Yet here we are.
As recently as March, memecoin trading volumes reached levels last seen just before the last cryptocurrency bubble burst in 2022. This resurgence highlights a familiar trend: the Traders easily get caught up in the hype and FOMO, to the point where they make impulsive investment decisions based on pure instinct and greed. In the Digital Asset Valuation Framework , the team at HashKey Capital and I made the case for applying fundamental valuation frameworks and high-level technical analysis to navigate the market's inherent volatility and avoid the pitfalls of memecoin mania.
Without getting too carried away with opinion, now more than ever we must deploy powerful frameworks and exercise cold judgment to realize true value in this most chaotic of markets. This is doubly true for institutional investors looking to gain a sustainable advantage and accumulate long-term value for digital assets.
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