Experts Warn: Memecoins Face Significant Value Risks – BitRss

With new tokens entering the market, the memecoin sector is attracting global attention. However, Cathie Wood, the Founder and CEO of ARK ($0.35) Invest, maintains a cautious stance towards these developments. Wood indicates that most memecoins benefit from the popularity created by famous figures, which leads to a tendency for them to lose value over time. This situation raises questions about investors’ trust in assets that are influenced by social media.

Memecoin Value Decline Risks

Cathie Wood emphasizes that memecoins are unlikely to achieve lasting value. In an era where millions of crypto assets emerge due to blockchain technology and artificial intelligence, it is predicted that these tokens will not hold significant importance.

Cathie Wood: “Most memecoins will become meaningless over time.”

Wood highlights the clear risks associated with these assets that lack solid foundations. She continues to support cryptocurrencies with a trustworthy basis, asserting Bitcoin’s strong position as a store of value, while noting that protocols like Ethereum $