ZhuSu: VC coins lack value accumulation and are also Memecoins
Zhu Su, the founder of Three Arrows Capital and OXFUN, tweeted that people have begun to realize that the cryptocurrency market will create countless assets with market values between $50,000 and $500 million, while assets with market values between $500 million and $50 billion are relatively few. Bitcoin is the only center point with complete coordination, while Memecoin exhibits infinite diversity and subcultures. VC coins lack value accumulation, so they also belong to the category of Memecoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Sui to launch Bitcoin staking
Avalanche launches Avalanche9000 testnet, its largest upgrade to date
Ether gains momentum as capital shifts from bitcoin and derivatives activity increases
Capital flows are shifting from bitcoin to ether, with derivatives market activity signaling growing confidence in ether’s near-term upside, analysts said.Ether has surged over 6% while in the past 24 hours, while bitcoin saw a slight decline, as open interest and demand for call options hit record highs for the second-largest cryptocurrency by market cap.
Trending news
MoreCrypto prices
More
