๐ธ๐ฑ Meme coins, often featuring badly drawn animals, have a combined market cap of $51 billion, despite criticism they're undermining the crypto industry's long-term vision. Critics argue they're infested with scams and run by inept founders, with one commentator calling them "vehicles to transfer wealth from the many to the most obnoxious people on the planet." However, some believe the attention meme coins bring is a net benefit for crypto, driving network growth and user engagement. Ethereum co-founder Vitalik Buterin even sees potential in tokens that could fund public projects or provide income for people in lower-income countries. What do you think? Are meme coins a boon or a bane for crypto? ๐ค๐ญ
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
657
0
Replies 0
Explore the latest crypto news
โก๏ธ Be a part of the latests discussions in crypto