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Su Zhu: Relative valuation in the current cycle is more effective in Meme coins than VC coins

Su Zhu: Relative valuation in the current cycle is more effective in Meme coins than VC coins

CointimeCointime2024/11/05 02:44
coin_news.by:Cointime

Su Zhu stated in a post on X that "in this cycle, relative valuation is more effective in meme coins than in VC coins, because people holding meme coins will sell their positions and buy other meme coins. However, even if one L2 is cheaper than another, those who sell the more expensive L2 will not buy the cheaper one, they will just sell it for US dollars."

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