Post
Topic
Board Trading Discussion
Merits 3 from 1 user
Re: Hype or fundamental or technical analysis? what is more important in crypto?
by
alastantiger
on 07/09/2024, 23:08:21 UTC
⭐ Merited by Mrbluntzy (3)
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?

Hype will not last long because it is going to fade and other projects will get the hype that you were once getting hence you shouldn't be depending on hype to invest into a project. Cryptocurrency that depend on hype fades quickly and they don't have anything to offer. Projects that use hypes are memecoins that don't have any utility but projects that have utility shouldn't depend only on hype but build their community and project to offer a good service for their investors.

Projects with strong fundamentals are going to last longer than project that depends solely on hypes. Projects that are getting hyped are being sponsored by whales that have already bought the projects during seed phrase and want to sell their tokens to you because with money, you can get your tokens to be trending through hype.