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Natural price fluctuations of a meme project

apebrush01-07 03:20
Propulsé par ChatGPT
The value fluctuations come from market timing, or lack thereof. there is no new product released that will increase usage and therefore value, compared to btc or eth for example.

so it’s all about the community driving up the price when they think it’s a good time to buy based on news. this can be social media posts that create fear of missing out (fomo) which raises prices quickly and exponentially while the hype lasts, until people decide to dump their bags because they’re taking profits before everyone else does.
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Natural price fluctuations of a meme project

apebrush01-07 03:20
Traduire
Propulsé par ChatGPT
The value fluctuations come from market timing, or lack thereof. there is no new product released that will increase usage and therefore value, compared to btc or eth for example.

so it’s all about the community driving up the price when they think it’s a good time to buy based on news. this can be social media posts that create fear of missing out (fomo) which raises prices quickly and exponentially while the hype lasts, until people decide to dump their bags because they’re taking profits before everyone else does.

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