As we know, meme coins are cryptocurrencies created and supported by communities, often based on popular internet humor. However, recently these humorous digital assets have appeared market values It started to increase rapidly and attracted a lot of attention.
Market values at Borsa Istanbul These digital assets, which compete with the market values of giant corporations, signal an astonishing change in the investing world.
Investor Efe Bulduk recently drew attention to this issue.
For example, the market value of Turkish Airlines operating in Borsa Istanbul $12.39 billion. Koç Holding’s is $15.23 billion. The market value of DOGE, a kind of meme coin, is $24.55 billion. In other words, it’s significantly more than the market value of our largest and most valuable companies…
From this perspective, the market value of this coin, which serves no purpose and has no project, is giant companies that exceed their market value It produces a very interesting picture.
Now let’s look at this more holistically by examining the 10 meme coins with the highest market cap.
| Order no. | Meme coin | Market value |
| An | DOGE | $24.55 billion |
| 2 | SHIB | $16.31 billion |
| 3 | PEPE | $3.16 billion |
| 4 | WIF | $2.85 billion |
| 5 | FLOKI | $2.19 billion |
| 6 | THUMP | $1.51 billion |
| 7 | BOME | $747.22 million |
| 8 | CHEST | $443.07 million |
| 9 | BabyDoge | $352.75 million |
| 10 | MOG | $338.01 million |
| Total: | $52.45 billion | |
As can be seen from the table, this is the meme coin with the highest market value DOGE with $24.55 billion.
If the total market capitalization of the TOP10 meme coin is equal $52.45 billion.
What about our companies? Let’s also look at the market values of Turkish companies.
| Order no. | Company | Share name | Market value |
| An | Koç Holding | KCHOL | $15.23 billion |
| 2 | Turkish Airlines AO | THYAO | $12.39 billion |
| 3 | Ford Automotive Industry Inc. | FROTO | $12.37 billion |
| 4 | Turkish Petroleum Refineries Inc. | TUPRS | $10.21 billion |
| 5 | Turkiye İş Bankası A.Ş. | ISCTR | $9.53 billion |
| 6 | Türkiye Garanti Bankası A.Ş. | GARAN | $8.90 billion |
| 7 | Aselsan Elektronik Sanayi and Ticaret A.Ş. | ASELS | $7.92 billion |
| 8 | Akbank TAŞ. | AKBNK | $7.34 billion |
| 9 | Yapı and Kredi Bankası A.Ş. | YKBNK | $6.93 billion |
| 10 | BIM United Stores Inc. | BIMAS | $6.87 billion |
| Total: | 97.69 | ||
As summarized in the table above, the market value of Koç Holding, which is included in the BIST 30 index and ranks first among the companies with the highest market value, according to the data published by Trading View. $15.23 billion.
If we look at the market value of Turkish companies, We see that their total market value is $97.69 billion.
In other words, the market value of these companies, which have been serving their customers for years and have a purpose, are among the meme coins that don’t even have a purpose. There is a difference of $45.24 billion.
So, what’s the reason behind this meme coin craze?
First, many investors invest in traditional stocks. higher risk but higher return looking for a way. After all, what was one of the basic rules of the financial world? Risk and return are directly proportional! Meme coins appear to meet this investor demand.
Also because meme coins are heavily promoted and talked about on social media platforms among young investors is also gaining popularity.
As the price increase due to the increasing demand for meme coins triggers the motivation of other investors who are open to innovation to make money, investors turn to these coins where they see profit potential, and this literally increases the value of meme coins coins. . swell like a balloon Results.
The risks posed by this madness should not be ignored.
The cryptocurrency market is by nature a very risky market. Special decentralized structure It is quite risky compared to the stock market mainly due to many factors To know the difference between cryptocurrencies and the stock market in more detail, we have discussed it in our content below.
Meme coins hold a special place among cryptocurrencies, which are generally a high-risk market. Such coins durable Because there is no project It carries much more risk than other crypto monetary instruments.
Because their value is entirely based on the rumors in the market, and not on the soundness of the project. This means that the value of meme coins is determined solely by rumors.
“Well, isn’t that speculation?” If you say: you’re right, but that’s not exactly how it works. It is possible that meme coins have no project and the value is based only on investors’ expectations. in a weak position in the face of negative discourse to leave.
For this reason, the value of meme coins is generally lower than that of other crypto assets, especially the stock market. more sudden and unpredictable shows fluctuations.
As a result, the market value of meme coins approaches the market value of giant companies in Borsa Istanbul, Traditional norms in financial markets are being questioned and it shows that the trend is changing.
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.