The crypto industry has turned into a global memecoin casino
Opinion by: Georgii Verbitskii, founder of TYMIO
Memecoins have dominated the crypto narrative over the past year, leading to a series of high-profile events where most traders lost money while insiders profited. The Libra token alone, by some estimations, resulted in $4.4 billion in public losses. Unlike previous crypto cycles where broad market growth rewarded holders, today’s memecoin speculation has created an environment where the average trader’s chances of success are slim. How did memecoins happen to drive the market to a dead end, and will this ever end?
Speculation or investment?
Investing and speculation are fundamentally different games with distinct rules. Investing isn’t about making quick money. It is about…
