Fleeting aspects of pop culture are becoming tradable commodities, and that phenomenon is going to grow in the years ahead.
) and other memecoins. Much like earnings drive the price of corporate shares, the size and quality of attention captured by memecoins drive their price action.
I know this might sound like undergraduate hooey, but as our economic system changes and evolves, it’s only natural that the types of things we value should expand. If human attention is powerful enough to drive the bottom line of huge companies like Meta and Google, then why not trade it directly? How could the market cap get so high? Well, at that moment, MRI was the top trending coin across trading platforms like DEX Screener, it was blowing up on Twitter, and it had sponsored a mixed martial arts fighter. Its valuation had to catch up with the amount of hype surrounding the project..
Given the headwinds faced by the world economy, the creation of new means of speculation and investing is not surprising. Our economies are in danger of grinding to a halt due to declining productivity and scarcer natural resources.
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