Post
Topic
Board Trading Discussion
Re: Hype or fundamental or technical analysis? what is more important in crypto?
by
avikz
on 05/09/2024, 19:47:47 UTC
Recently we can see that meme coins which have no fundamental or usecase are gaining popularity over solid project. Now i have a question- what is most important in crypto? hype or fundamental? And how can I identify that hype of any project is at it's last stage?

Memecoins are pure hype. These coins do not have a user case and no business case either. So they can't really have fundamental values. The same thing applies to 99% of the active cryptos.

If you are talking about fundamentals, then Bitcoin and ETH are the only cryptos with actual user cases and business applications. Rest all are shitcoins.

There's no specific ways to identify the hype. But if you suddenly see the crypto magazines have started talking about a certain crypto, that might trigger some hype.