Charles the Chad

Charles the Chad wears its joke on its sleeve, and that tells you almost everything about its place in the market. By our assessment, it is a meme-style cryptocurrency made for people who understand that the name, the crowd and the mood are the product. That can make it lively inside its own niche, but it also means the value proposition is thin and the price story can move on sentiment alone. In practice these tokens are fast to read and easy to talk about, which is part of the point. The downside is that there is usually little beneath the meme once the novelty fades. Charles the Chad fits traders and speculators who know the genre, not anyone looking for a coin with a serious operational role.