Post
Topic
Board Altcoin Discussion
Re: How do coins with no use case value so high in the Market?
by
Rimueng
on 11/02/2024, 07:48:51 UTC
I have seen several of these tokens, how is this even possible?
Me to, sometimes like you, but trust me, you're not alone in wondering this. I mean, take Dogecoin for example, started as a joke and boom. If you look in this token, it's like shitcoin or nothing but it's high value and many people buy, before we know it. Right? This means, altcoins can often run on hype and speculation. The reality is, the value of any currency, digital or not, comes from the trust and belief people have in it. But, many tokens have value baked into their protocol through uses like staking, providing liquidity, or being a governance token. These coins have a strategy, a plan, and purpose.