Doge sits in Top 10.
Shiba Inu sits in Top 20.
...and here comes a Hero & a Legendary expert telling us that Meme coins does not worth our time & money?
classic amateur mistake. You see something valued at $8 billion and assume that it must have such a value hidden somewhere. And the more the price increases, the greater the hidden value must be, right? It's just strange that it can't be proven tangibly, no one uses this crap, no one knows whats its for, but it must be there if the valuation is so high, right? Nothing could be further from the truth. The investor's role is to estimate value and potential and buy something whose valuation is below this value. I did this with
BNB when it was @ $15 in 2019. I estimated Binance's profits in 2 different ways, the average deflation of the token, returns from various competitions (lauchpads/lauchpools), staking roi, compared it to the Nasdaq P/E and the average dividend on SP500 and I found it cheap so I invested. Try do it with shiba and doge or other 10 000 memecoins lauched in 2023. indicate the advantages that shiba has over 10,000 other meme coins apart from the high valuation.
For me the estimated value of shiba is around $1,000,000 and dogecoin is around $50,000,000 and only because they have some momentum and recognition (people know what it is thanks to 2021 shameful bubble). Which means that shiba is probably overvalued 4,000 times and dogecoin 150 times and therefore they are not worth time and money. Prove me wrong.