Dogecoin is on the cutting edge of future assets
Attention is the lifeblood of (DOGE) and other memecoins. Much like earnings drive the price of corporate shares, the size and quality of attention captured by memecoins drive their price action.
Successful crypto traders understand that DOGE and its kin are not just chips in the “great shitcoin casino” but are, in fact, tradable derivatives of human attention. They are tradable assets backed by zeitgeists.
Nathan Thompson is the lead tech writer for Bybit. He spent ten years as a freelance journalist mostly covering Southeast Asia before turning to crypto during the Covid-19 lockdowns. He holds joint honors in communication and philosophy from Cardiff University.