Market Stupidity = Market Health
TL;DR
Full Story
Stupidity = well being.
Yep, honest level — that one wants somewhat extra context.
When markets are in ‘increase’ phases, you’ll typically see traders begin to creep additional out alongside the chance curve (i.e. in search of larger returns in riskier belongings, as an alternative of decrease returns in safer belongings).
One other method of claiming that’s:
Wholesome markets result in traders making silly selections (so in a bizarre method, a rise in stupidity = an indication of well being for the market).
Nicely, we’ve got 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 possibly for telling your mother to “shut up,” which is a assured demise sentence).
As of this writing, the whole memecoin market cap stands at ~$58B, having gained 10% within the final 24 hrs.
(Surprise what might have began that).
Let’s hope this momentum can maintain itself.
