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.
Related News
Lunarcrush Galaxy Store Top 10 Coins: A New Social and Market Trend Why memecoins can outshine altcoins during the next crypto rally Top DePIN Projects Leading the Social Activity: $TAO, $RENDER, $EGLD, and More Solana’s Stellar Performance Against Ethereum: What’s Behind the 7% Surge How Dogecoin Beat ’Em Up Game ‘Super Doginals’ Came to Life Here’s why analysts think Dogecoin (DOGE) has more room to grow Solana Devs Got a BONK Airdrop Worth $300 in 2022—It's Now Worth $1.3 Million How Much Will Bitcoin Price See in November? Here are the Odds According to Forecasts Personal Finance Advisors Caught Flat-Footed By Bitcoin Boom 3 Challenges to Bitcoin’s Crown: Quantum Computing, Scaling, and Grid Reliance Will Polygon [POL] break the $0.4282 resistance, reach $0.5652? BONK Market Cap Flips WIF Ahead of 1 Trillion Token Burn by Christmas Stellar Price Skyrockets 35% on XLM Golden Cross Signal: Details Trading expert warns altcoins will bleed before going ‘much higher’ Neo establishes collaboration with Ellipical hardware wallet, to support Neo X Polymarket bettors see Lutnick as Treasury Secretary favorite after Musk endorsement Current Bitcoin price ceiling projected at $135K — Ki Young Ju Michael Saylor hints at MicroStrategy’s upcoming Bitcoin purchase Robert F. Kennedy Jr: Bitcoin is the currency of freedom for middle class Americans Top Analyst Says Shiba Inu Is Warming Up for a Massive 200% Green Candle XRP ‘Ready for Unleashing’ Post-SEC, Says Bitwise Exec, as Firm Gears Up for XRP ETF Launch SHIB Price Prediction for November 17 Cryptocurrency trader turns $1.1k into $1.62 million in 20 days Shiba Inu (SHIB) Is Stuck: What's Happening Between 50 and 6 Trillion? Stellar (XLM) Price Climbs 30%, Driven By XRP Close Ties AI sets Bitcoin’s next low target in a worst-case scenario after record-high Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects Bitcoin-Friendly Move From Elon Musk: Cryptocurrency-Friendly Figure May Become Treasury Secretary How Long Will Bitcoin Price Continue to Climb? Analytics Company Gives Date from Price Model 3 Token Unlocks to Watch Next Week Ripple Suddenly Burns 53 Million RLUSD Ahead of Stablecoin Launch BTC price 'issues' include $70K dip despite Bitcoin whale accumulation Shiba Inu (SHIB) on Verge of 23% Breakout as Golden Cross Develops Former SEC Official Predicts Crypto Crime Will Explode XRP or Cardano? We asked AI which crypto is a better buy for 2025 XRP 10% Price Drop Happened With Only 1 Sell Order XRP Sees Record Futures Bets Amid Price Surge Above $1.20 Real Vision Analyst Jamie Coutts Issues Bitcoin Warning Amid Strong Dollar Rally, Says Macro Backdrop Soured XRP Soars to 3-Year Peak: Is $1.96 Within Reach This Week? Why is Stellar (XLM) Price up? Crypto Whale Diversifies its Portfolio by Adding $RIF and $URO, Nets $1.5M in 3 Days Ethereum Bulls Pull $780 Million ETH Off Exchanges, Eyeing $3,600 Breakout XRP price retreats 20% after hitting a multiyear high — Is the top in? EOS Eyes $1 as Breakout Ignites Bullish Momentum After Multi-Year Downtrend XRP Flips Dogecoin After Epic Rally Past $1 NEAR Seeks Breakthrough at $6.406 to Potentially Reach $8.5 Amid Bullish Indicators Ripple Should Start Preparing for IPO 'as Soon as Possible,' SBI CEO Says The ‘Infinite Money Glitch’: MicroStrategy’s Bitcoin Strategy Under Scrutiny Stellar (XLM) Shoots Up by 33% Daily, Bitcoin (BTC) Maintains $90K (Market Watch) Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation CoinEasy Launches EASYWORLD Telegram dApp, A New Era of Blockchain Rewards VanEck expands crypto portfolio with Sui-based Exchange-Traded Note in Europe Price Targets Set for SOL, SNX, and NEIRO Ethereum Layer2 TVL Surges to $43.9B with Impressive 3.76% Growth Toncoin’s Bullish Breakout: Can It Surpass $6.03 and Target $8.30? XRP Still Down 69% After Recent Gains Ethereum Classic (ETC) May Be Gaining Bullish Momentum Following Support Level Bounce Russian Energy Ministry Proposes Periodic Crypto Mining Restrictions in Certain Regions Solana About To Target $250 If It Breaks Key Supply Level – Analyst 'More brutal than I expected' — Lyn Alden on ETH/BTC post-election low BONK Jumps 16% to Record Highs as Traders Eye Even More Gains Ahead ‘DOGE’ could increase economic freedom in US — Coinbase CEO A $9.7 Billion Boom in 14 Days—Stablecoin Market Eyes Historic Peak Nigerian Crypto Industry Players Applaud Proposal to Jail Ponzi Operators Scammer Takes Away $341k in $FET in Latest Phishing Attack Renowned Investor Jim Rogers Warns 'America First' Policy Will Trigger 'Biggest Recession Ever' AI Firm Genius Group Adopts Bitcoin as Primary Treasury Reserve Asset Kaixin plans crypto mining expansion amid Bitcoin’s new all-time high Why Ethereum’s Whale Activity and Institutional Interest Point Toward a $4,000 Finish Sologenic Top Crypto Gainers for November 16, 2024 Bitcoin ETF outflows slow down, $100k BTC still in sight Bitcoin long-term holders do not see $90K 'as an enemy' — Analyst This Altcoin Will Take Solana’s Throne as the Third Largest Cryptocurrency, Analyst Claims Tether Mints 8B USDT in 8 days, Backing Bitcoin’s Surge Crypto enforcement to take a back seat under Trump as immigration becomes priority PEPE Price Gains 117%, Sets All-Time High at $0.000025 Bonk, Mog and Brett Hit All-Time Highs as Dogecoin Spurs Meme Pump Cronos (CRO) Faces Key Resistance, Potential Correction Ahead Meme Coin Market Cap Touches All-Time High with a Revival in the Retail Interest Analyst Predicts 45% Dogecoin Rally With Bull Flag Pattern Signal Litecoin (LTC) Price Soars 15% On Meme Coin Announcement Altcoin Season Index at 35: What Does it Means for the Crypto Market?