USELESS Coin Reaches $100 Million Valuation Amid Memecoin Trend
The newly launched USELESS coin has reached a $100 million valuation by embracing the narrative of being "useless," common among memecoins. Key points include:
- USELESS coin positions itself as a self-aware memecoin, mocking the crypto space.
- A backer named Unipcs highlights its irony, stating that all memecoins are essentially useless.
- Unlike other popular memecoins like Dogecoin or Shiba Inu, USELESS does not feature an animal mascot but a community-designed logo.
- Unipcs invested $382,000 in early trading, now worth over $2.3 million without selling.
- Comparisons are made with other memecoins: cogecoin at $26 billion, shiba inu at $7 billion, and PEPE at $4.4 billion.
- USELESS is seen as undervalued given its current market cap compared to these larger memecoins.
- The project has gained traction by offering no promises, appealing to memecoin enthusiasts.
- Current market cap stands at approximately $90 million.