So i am doing some private research on Meme tokens to ascertain their impact on a bullish/bearish market in comparison to utility tokens looking at factors like trader's psychology, institutional interest/adoption, regulations/country restrictions to trading crypto assets
I needed a newly launched and well popularised meme token ..then BOME came along.
Studying the price pattern in relative to investors interest( trader's psychology)
One common trait with the most popular meme tokens with above 500M Mcap is that they always tend to loose more than 100% of their value after the 1st phase euphoria and pick back up to do this crazy numbers. So what fuels this second euphoria?
the 1st- excitement, FUD, greed,etc but the 2nd...what?
Like it desnt make much sense seeing a token with literally low to zero utility loosing almost 100% of its value and then investors jump in after watching the price crash to nothing..
It happened with Doge, shib, meme, Floki, bonk, wen.. currently watching
BOME
follow same pattern.
Now the surprising part is that for an utility token, if they actually follows the same pattern, the recovery will be so difficult? In fact most times an utility token shed off 100% of its launch price,they rarely survive...it is usually 1 in a million chances.
It makes me wonder if we are all really mad trading this assets ?? LOL!!
I needed a newly launched and well popularised meme token ..then BOME came along.
Studying the price pattern in relative to investors interest( trader's psychology)
One common trait with the most popular meme tokens with above 500M Mcap is that they always tend to loose more than 100% of their value after the 1st phase euphoria and pick back up to do this crazy numbers. So what fuels this second euphoria?
the 1st- excitement, FUD, greed,etc but the 2nd...what?
Like it desnt make much sense seeing a token with literally low to zero utility loosing almost 100% of its value and then investors jump in after watching the price crash to nothing..
It happened with Doge, shib, meme, Floki, bonk, wen.. currently watching
BOME
follow same pattern. Now the surprising part is that for an utility token, if they actually follows the same pattern, the recovery will be so difficult? In fact most times an utility token shed off 100% of its launch price,they rarely survive...it is usually 1 in a million chances.
It makes me wonder if we are all really mad trading this assets ?? LOL!!