this
people want to buy the ICO promising to be uber on the blockchain
or a fast privacy coin
or whatever bizniz
not overt scams where you know you have to jump before you're left holding the back, or worthless gay meme communities
Even though I don't think pokemon meta will last long, if anything, it proves a bigger underlying trend in crypto:
Most participants are tired of crime, crime is boring. They want hallucination. Hallucinating TAMs is what made crypto a powerful investment vehicle. Just look at the market cap of Bitcoin, it's based on a very big collective hallucination (this is bullish)
The point of crypto was never to speculate on whether a bunch of insiders would crime up the token. You'll always be at a disadvantage here due to information asymmetry. The point of crypto speculation in crypto is to enable collective hallucinations
From
'The WLFI team will crime it up'
To
'FARTCOIN IS A GREAT MEME, EVERYONE FARTS! THIS IS GOING TO 10B!'
Will try to write a long form on this soon
2.65K
11
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.