The author of the Empire newsletter believes that the fundamental value of cryptocurrencies is becoming more important, and that some cryptocurrencies are starting to act like stocks. Examples given include Geodnet and Grass, which have seen steady revenue and price increases despite market volatility. The author suggests that understanding the underlying factors that drive a token's value is important for investors. They also argue that the cryptocurrency market is maturing and becoming more focused on revenue and business strategy rather than simply market sentiment.



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