With the introduction of new tokens, the Memecoin market began to attract the attention of investors around the world. However, Cathie Wood, the founder and CEO of Ark Invest, maintains its cautious approach to developments in this field. Wood said that most of the memecoins benefit from the popularity of famous names and tend to become worthless over time. This makes investors’ confidence in assets that act under the influence of social media.
Memecoin Risk of Depreciation
Cathie Wood points out that Memecoins cannot gain permanent value. In particular, with the influence of Blockchain technology and artificial intelligence, it is predicted that these tokens will not have an important place in the present day, when millions of crypto assets emerge.
Cathie Wood: “Most memecoin value will become meaningless over time.”
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Wood says the risks towards these assets, which do not have solid foundations, are quite evident. Wood continues to support trusted crypto currencies. Bitcoin $82,775.63Stating that it is strong as a value storage tool, Ethereum 
$1,894.55 and said that protocols such as Solana have meaningful practices. Ark Invest purchased 997 Bitcoin of $ 80 million over Coinbase to strengthen Bitcoin strategy.
Recent Developments in Crypto
The US Securities and the Stock Exchange Commission (SEC) recently expressed his opinion about the situation of the Memecoins. The Corporate Finance Department of the SEC, explaining that most of the memecoins were not at the status of securities, said that the parties did not have to register. Market commentators,
In the light of the explanations and regulatory assessments, the risks related to the Memecoin market are warning for investors. Observed volatility and uncertainty can make it difficult to develop long -term strategies despite short -term fluctuations. Related developments may cause investors to reconsider their approaches based on solid foundations in asset selection.
Market experts say that technological developments and regulatory changes will be effective in the crypto world.
Existing data and explanations for investors reveal the importance of careful evaluation. This may require risk management and long -term strategies in decision -making processes.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
