Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Murad: The election results cannot determine Memecoin, attention resources are the key to determining the value of Memecoin
2024-10-30 06:36:57
Odaily News Commenting on the relationship between Memecoin and politics on the X platform, Murad said that 99% of Memecoin buyers don't care about politics at all, and the rise of Memecoin is directly related to the continued growth of the global money supply, not the result of a single election. Murad emphasized that the increase in the global money supply is the key factor driving the rise of Memecoin, and even Trump's victory will not change this fact. Memecoin buyers don't even care about trading assets that have legitimate income and turn on the fee switch. The increase in the global money supply makes attention more important than fundamentals and cash flow. As liquidity in the global economy becomes more and more rampant, the attention resources in the market gradually replace the traditional economic foundation and become the key to determining the value of Memecoin.