TL;DR
Full Story
Stupidity = well being.
Yep, truthful level — that one wants just a little extra context.
When markets are in ‘growth’ phases, you’ll usually see traders begin to creep additional out alongside the chance curve (i.e. in search of larger returns in riskier property, as a substitute of decrease returns in safer property).
One other method of claiming that’s:
Wholesome markets result in traders making silly choices (so in a bizarre method, a rise in stupidity = an indication of well being for the market).
Nicely, we now have some excellent news!
The market is (apparently) more healthy than your cousin Jen on a juice cleanse proper now, trigger this week memecoins outperformed the broader crypto market.
And memecoins are about as far out on the chance curve as you will get.
(Besides perhaps for telling your mother to “shut up,” which is a assured demise sentence).
As of this writing, the entire memecoin market cap stands at ~$58B, having gained 10% within the final 24 hrs.
(Marvel what may have began that).
Let’s hope this momentum can maintain itself.
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