CandleFocus Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects
2024-11-17
Author: Content Editor
Venture capitalist Chris Burniske believes that meme tokens serve a purpose by forcing other crypto projects to innovate and differentiate themselves. He sees this as a positive development for the digital asset industry. Burniske predicts that infrastructure and application coins will eventually be valued based on their earnings and financial metrics, similar to how traditional finance investors value stocks. However, he warns that meme tokens have no fundamentals and will eventually face a day of reckoning in the next bear market. Nonetheless, certain meme tokens like DOGE may achieve lasting popularity.
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