Meme Coins VS Web 3.0 Cryptocurrencies !

14 ביוני 2023

I'm writing this article during the crypto selloff, almost as a joke, taking inspiration from the story of a trader who purchased a cryptocurrency known as SAFEMOON, basically a shitcoin:

After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million.
What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then.

So he made $47.5 million with only $2.5 thousand invested, and now the project is dead!

I remember this SHIB signal back in the days:

I still consider it worthless, even if i bought it back then.

I don't see any difference between SHIB, SAFEMOON, FLOKI, KEKE, and other crypto projects that are solely based on a community rather than focusing on developing the infrastructure of Web 3.0, similar to larger projects.
There`s no intrinsic value in any of those.

But opportunities will come!