I was just thinking how Crypto investment would had been in this such massive adoptions aside the aid of speculations.
Don't you know that if everything in the crypto is pure speculation? The real example about how a meme token which has no product, utility or everything offered to the holders or users pumped so high like that. Crypto is pure speculation. This is crypto when non valued project being valued very high. I think that only blockchain projects and bitcoin are not speculation coins since they were also offering utility and benefit for the users. Like ETH with its staking that generated from the fees received by the network. Meme coin has nothing to offer but it's having more than 1 billion marketcap. People very like of speculations caused by this is the easiest way to generate good chunks of money.
Keep in your mind that if crypto will always be like that. There will always be speculations in the cryptucurrency. Only a few projects survive caused by their product and it's not based on the speculation by the speculators in the market.
Although as ta now, bitcoin, Eth and BnB has made their way to a global adoptions so, how do you think all these new projected AltCoins would survive if not being speculated and influencing the masses?
Some altcoins being adopted caused by their products but look at doge coin. How long is it exist in the market? it's also almost 1 decade or even more but it's still survive now. It proves that if even meme coin can survive through speculation and this is how crypto market works.
The wild market like this will also able to keep even the shit scam token to still alive even if it has very small volume. That's why many people are playing in this game to get instant money. People are so simple as they are looking for how to create money as soon as possible