The valuation of meme coins is actually a comparative valuation method.
I have a rough valuation model that the meme track accounts for about 5-8% of the total cryptocurrency market capitalization in the context of a bull market, that is, more than 300b total market capitalization. The track dragon one and dragon two together account for about 50%-60% of the track market value, and Doge and Pepe are likely to become track dragon one and dragon two, and there may be a phased position swap.
From this perspective, $PEPE future market capitalization space is between 50b-100b.
Of course, valuation forecasts do not represent actual occurrences and are not financial advice.
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