{"id":11582,"date":"2024-03-14T10:08:49","date_gmt":"2024-03-14T08:08:49","guid":{"rendered":"https:\/\/forklog.com\/en\/franklin-templeton-meme-coins-lack-intrinsic-value\/"},"modified":"2024-03-14T10:08:49","modified_gmt":"2024-03-14T08:08:49","slug":"franklin-templeton-meme-coins-lack-intrinsic-value","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/franklin-templeton-meme-coins-lack-intrinsic-value\/","title":{"rendered":"Franklin Templeton: Meme Coins Lack Intrinsic Value"},"content":{"rendered":"<p>Meme coins possess no &#8220;intrinsic&#8221; value and are highly volatile, yet they maintain &#8220;strong relationships&#8221; with their native networks, according to Franklin Templeton.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Value Between Meme Coins and Their Native Networks <a href=\"https:\/\/t.co\/LYjQ5HvXHp\">pic.twitter.com\/LYjQ5HvXHp<\/a><\/p>\n<p>\u2014 Franklin Templeton Digital Assets (@FTI_DA) <a href=\"https:\/\/twitter.com\/FTI_DA\/status\/1767969299350610040?ref_src=twsrc%5Etfw\">March 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a brief research note, analysts cited the BONK token launched on Solana as an example. In the fourth quarter of 2023, the network experienced a surge in on-chain activity, coinciding with the meme coin&#8217;s growth.\u00a0<\/p>\n<p>Experts also presented a chart illustrating how network dynamics impact meme tokens across various ecosystems.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/KGQGh5KGT1FzQwbtsmcSydTXqbhUq4S44XwoJYZqJ7V2lYlp93YaOFu_B6OJiR10Bo8nk3OoqbQ8_EIY9dVxOzgnUy69swmnP9kwItSXsjTwMUycspydsh66cXftn-rIzYZkznEOzyif0XkYNG4XQYM\" alt=\"Franklin Templeton: \u043c\u0435\u043c-\u043a\u043e\u0438\u043d\u044b \u043b\u0438\u0448\u0435\u043d\u044b \u0432\u043d\u0443\u0442\u0440\u0435\u043d\u043d\u0435\u0439 \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438\u00a0\"\/><figcaption class=\"wp-element-caption\">Active addresses in blockchains and the popularity of meme tokens. Data: Franklin Templeton.<\/figcaption><\/figure>\n<p>The company noted that meme coins have attracted many traders due to low fees and the potential for quick profits. However, experts reminded of their &#8220;zero value.&#8221;\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Meme coins originated from internet memes and have no intrinsic value or utility,&#8221; the researchers warned.<\/p>\n<\/blockquote>\n<p>Earlier, increased network activity in Ethereum, driven by the popularity of meme coins, led to fees reaching a two-year high. From March 2 to 9, transaction fees in the mainnet amounted to $193 million.\u00a0<\/p>\n<p>As reported, analysts at K33 Research saw the meme coin rally as a sign of an impending altseason.<\/p>\n<p>Later, Bitfinex pointed to the rise of AI tokens and cat-themed coins.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meme coins possess no &#8220;intrinsic&#8221; value and are highly volatile, yet they maintain &#8220;strong relationships&#8221; with their native networks, according to Franklin Templeton.\u00a0 The Value Between Meme Coins and Their Native Networks pic.twitter.com\/LYjQ5HvXHp \u2014 Franklin Templeton Digital Assets (@FTI_DA) March 13, 2024 In a brief research note, analysts cited the BONK token launched on Solana [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1383,1161,596],"class_list":["post-11582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-franklin-templeton","tag-memes","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11582"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11581"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}