BINANCE RESEARCH SAYS 97% OF MEME COINS HAVE FLOPPED

Binance Research's recent analysis reveals that a whopping 97% of meme coins have lost their value and proven unsustainable.

This staggering failure rate is attributed to the lack of intrinsic value and over-reliance on market sentiment.

The report highlights rampant pump-and-dump tactics in the meme currency market, where groups intentionally inflate token prices to deceive unsuspecting investors.

However, it's worth noting that some meme coins, like Dogecoin (DOGE) and Shiba Inu (SHIB), have defied the odds and maintained their value.

Despite this, smart investors are shifting their focus towards utility tokens with real-world applications, such as:

Rexas Finance (RXS): Tokenization of real-world assets, enabling digital ownership of properties and commodities.

Chainlink (LINK): Decentralized oracle network connecting smart contracts to real-world data.

Filecoin (FIL): Decentralized storage system promoting data privacy and security.

Polygon (POL): Layer 2 scaling solution for Ethereum, enhancing transaction speed and efficiency.

-VeChain (VET): Supply chain management platform ensuring transparency and verification.

These utility tokens offer more than speculative gains, providing essential infrastructure and tools to drive the blockchain industry forward.