Do not neglect fundamental analysis.

[taufik123]

Fundamental analysis is usually used by investors because it is for long-term perspective and fundamental analysis needs a wide range of data not only the news but also other things about the project. When you are in day trading you don't usually need it but for the long term, you will need it as an investor.

Agree. Long term investors must use the fundamental analysis because they won't too keep coins that have no clear future. The coins with weak fundamentals may be delisted in the exchanges and may disappear at any time. Long term investors won't waste time for the random coins. So, the fundamental analysis is a must for them.

Technical and Fundamental Analysis are also correlated and go hand in hand.
But the effect of a strong Fundamental is indeed extraordinary.
Seeing some coins that are rising high because the fundamentals are good and also supported by good long-term development.

Seeing some memecoins emerging with strong fundamentals, but it is only temporary and there is no further development.
It will also trap, but as the coin continues to grow, there are still many opportunities to be able to rise.

[Uruhara]

Seeing some memecoins emerging with strong fundamentals, but it is only temporary and there is no further development.
It will also trap, but as the coin continues to grow, there are still many opportunities to be able to rise.

Well, this is indeed an interesting phenomenon. Because even fundamental analysis can also be applied in short-term analysis, such as in memecoins. And the method is quite simple. Like seeing who the great people or big institutions are behind the development of the memecoin. For example, several institutions also invest in memecoins. we can check on coingecko about the portfolios of several large companies that hold certain memecoins. And that is also included in fundamental analysis but unfortunately not for the long term but only to follow hype and temporary market sentiment. Like when a memecoin is suddenly followed on Twitter by someone who is famous in crypto and the information spreads to the community, this will build temporary hype and increase the price.

[bayu7adi]

Technical and Fundamental Analysis are also correlated and go hand in hand.
But the effect of a strong Fundamental is indeed extraordinary.
Seeing some coins that are rising high because the fundamentals are good and also supported by good long-term development.

Seeing some memecoins emerging with strong fundamentals, but it is only temporary and there is no further development.
It will also trap, but as the coin continues to grow, there are still many opportunities to be able to rise.

In my opinion, memecoin only relies on the seasonal pump that occurs in altcoins as a whole. Maybe news and events often appear, but when you hear the name memecoin, it's usually not only used for communities in small-scale ecosystems... or maybe if we look at DOGE, the use that I have felt so far is that it is one of the payment methods available. quite friendly transaction fees.

There is no intention to demean memecoin, but up to now I still haven't found a memecoin that can really be used for a business model, other than just pump and dump. So it seems interesting to study the fundamentals of memecoin if there is something new there.