Dogecoin, Shiba Inu, Reached Multi-Billion Dollar Valuations In Months That Took Regular Companies Decades, Study Finds
Portfolio Pulse from Murtuza Merchant
A study by Social Capital Markets highlights the rapid valuation growth of meme coins like Dogecoin, Shiba Inu, and Pepe compared to traditional companies. These coins reached billion-dollar valuations in months, driven by online communities and speculative hype, unlike traditional companies that took decades. The study also warns of the risks associated with meme coins due to their volatile nature.
October 16, 2024 | 5:10 pm
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NEUTRAL IMPACT
Shiba Inu's valuation is compared to NICE Ltd., emphasizing the speed at which meme coins can achieve significant market caps.
NICE Ltd. is used as a comparison to Shiba Inu's rapid valuation growth, but the news does not directly affect NICE Ltd.'s business or stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Nutanix's market cap is compared to Dogecoin's rapid rise, highlighting the difference in growth speed between traditional companies and meme coins.
Nutanix is used as a benchmark to illustrate the rapid valuation growth of Dogecoin, but the news does not directly impact Nutanix's operations or stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
TransMedics Group's market cap is surpassed by Pepe Coin in just six months, illustrating the rapid growth of meme coins.
TransMedics is used as a benchmark to highlight Pepe Coin's rapid valuation growth, but the news does not directly impact TransMedics' operations or stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50