Changpeng Zhao on Memecoins
Most memecoins won't survive. Changpeng Zhao spoke frankly at the Davos Forum. Memecoins remain one of the riskiest sectors in the cryptocurrency space, their development primarily driven by speculation and hype rather than genuine utility.
While a few exceptions like Dogecoin have survived thanks to their strong cultural influence, Zhao believes:
Most memecoins won't go far.
Like NFTs, without fundamental support, the hype will quickly fade. Only memecoins with lasting cultural value have a chance to survive in the long run.
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