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.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
3rd Biggest Dogecoin Whale Moves Billions of DOGE as Anon Wallets Shift 5 BillionBillions of $DOGE moved by the 3rd largest Dogecoin whale as coin reversed from a massive plunge
Weiterlesen »
DOGE Creator Never Made Millions of USD from Crypto, Here's WhyCo-founder of Dogecoin says he did not make 'even close' to millions of dollars in crypto space
Weiterlesen »
Earth's Population Explodes to 8 Billion Humans This MonthSince the emergence of the first humans in Africa over 2 million years ago, the world's population has ballooned, with only fleeting pauses to the increasing number of people sharing planet Earth.
Weiterlesen »
In election, support for abortion rights was about much moreSupport for abortion rights drove women to the polls in Tuesday’s elections, according to AP VoteCast, a nationwide survey of more than 94,000 voters. But for many, the issue was also part of an overarching concern about the future of democracy.
Weiterlesen »
New cancer therapy takes personalized medicine to a new levelBy targeting a patient's own tumor from within, the new approach offers the possibility of successfully treating people who are out of options.
Weiterlesen »