Meme Coin Market and DOGE Surpass Quantum Stocks

The infographics shared by Edwards displays the market capitalization sizes of meme coins, DOGE, HYPE crypto exchange and all Quantum-focused U.S

Cryptocurrency analyst and Capriole Investments fund founder Charles Edwards has shared an infographic comparing the market caps of meme coins, notably Dogecoin, to the Quantum stock market. Edwards highlights that Dogecoin's market capitalization alone surpasses the entire Quantum stock market.

Edwards, who has been closely following the perkembangan of Quantum computers, ponders on the sustainability of this disparity.

Edwards' Infographic Highlights Meme Coin Market Surpassing Quantum StocksEdwards shared an infographic displaying the market capitalization sizes of meme coins, DOGE, HYPE crypto exchange and all Quantum-focused U.S. companies’ stocks this year.

The market value of all meme coins combined reaches an astonishing $120,000,000,000, with Dogecoin alone boasting $57,000,000,000. Notably, the HYPE cryptocurrency exchange (the choice of which was not specified by the analyst), despite not ranking among the top 50 cryptocurrency trading platforms, boasts a market capitalization of $27,000,000,000.

Edwards posed a pertinent question, "The better question here is, how long do you think this will last?"

According to the tweet, the entire U.S. Quantum stock market is valued at $16,000,000,000, which is less than a quarter of Dogecoin's market capitalization.

Edwards commented on this data, "Be honest. Do you think this makes sense?" He later added, "The better question here is, how long do you think this will last?" This suggests that Edwards does not anticipate this situation to persist indefinitely.

Edwards' followers concurred with his assessment, highlighting the relative undervaluation of Quantum stocks compared to crypto, particularly "s-coins," a term used to describe meme-themed cryptocurrencies. Some anticipate this trend to continue for a few more months, leading up to a significant correction for meme coins.

Edwards: Quantum Computers to Transform AIIn related news, Charles Edwards dedicated two X posts to the rapid advancement of Quantum computers earlier today. He highlighted that "Quantum alone is a giant industry" with an addressable market size in the multi-trillions of dollars. However, he went on to say that it intersects with two other major markets: AI and semiconductor chips.

Edwards maintains that Quantum-focused companies will ultimately begin producing chips and revolutionizing the artificial intelligence sector. "Quantum is the biggest melting pot for this decade's exponential themes," he concluded.