Dogecoin is up to date on future assets
Attention is the lifeblood of (DOGE) and other memecoins. Much like earnings determine the price of company stock, the amount and quality of attention memecoins attract determines their price movement.
Successful crypto traders understand that DOGE and its kin are not just chips in the “big shitcoin casino” but are actually tradable derivatives of human attention. They are tradable assets backed by zeitgeists.
Nathan Thompson is the senior technical writer for Bybit. He spent ten years as a freelance journalist mainly covering Southeast Asia before turning to crypto during the Covid-19 lockdown. He holds joint awards in Communications and Philosophy from Cardiff University.
Read more on Coin Telegraph