CZ: Treat the long-term value of TRUMP coin with caution, market sentiment remains a significant driving force in the crypto market
Odaily Planet Daily reported that CZ stated in a podcast interview on Tuesday that TRUMP coin is a very interesting phenomenon. "I think its emergence reflects a characteristic of the crypto market, which is its rapid response to hot events and celebrity effects. Trump, as a highly controversial figure, attracts a lot of attention just by his name. Therefore, the popularity of this token is somewhat expected.
However, from an investment and long-term value perspective, I would be more cautious. Many tokens of this type are more based on hype rather than true technological innovation or fundamental support. I think it's important for investors to distinguish which projects have real potential and which are just short-term speculation. The crypto market has matured a lot, but this celebrity-related token craze also reminds us that market sentiment is still a significant driving force."
In addition, CZ stated that the news cycle often has a certain impact on the rise and fall of tokens. "Especially for newcomers to this industry, they might feel that the crypto market is more like a gambling place rather than a technology-driven ecosystem. On the other hand, this also demonstrates the inclusiveness of the crypto market - anyone can participate, and any idea can be tried. This is both its advantage and its challenge."
There will be more of these celebrity-related token crazes in the future, which come with the hype and are here to harvest; don’t touch what you don’t understand!!!