Shiba Inu Token (SHIBUSD)

[europa7]

The Dark Side of Meme Coins – Why Useless Shitcoins Are Bubbles Waiting to Burst
https://www.newsbtc.com/news/company/the-dark-side-of-meme-coins-why-useless-shitcoins-are-bubbles-waiting-to-burst/

The Regulatory Landscape Doesn’t Look Promising for Meme Coins
"...Regulations around cryptocurrencies and NFTs are still in the developing phase. Governments are still apprehensive about them. The high volatility of meme coins doesn’t help the situation. In fact, it feeds the negative narrative.

To give you a better perspective, Pepe has lost 63.29% since hitting an all-time high on May 05, 2023. Milady Meme Coin, on the other hand, has lost 72.36% since May 11, 2023. Ben has lost 36.15%. You get the drift.

Established meme coins like Dogecoin and Shiba Inu are in no better shape. Although they have managed to maintain their status as the world’s largest meme coins, they have also struck loyal investors with painful crashes.

While meme coins are excellent tools for branding and building awareness around a project or product, they are risky investments. The reason is quite obvious. Most meme coins come with no utility. In fact, meme coins like Pepe and LADYS are marketed for their lack of utility. Shitcoins, as they are called, are unlikely to get the legal nod.

Moreover, shitcoins won’t stand the test of time without anything solid supporting their value..."

interesting...

go $SHIB