Thousands of crypto projects have been built on the foundations of meme/joke with no utility and literally have no use case, or are unable to solve any problem in the real world but were successful in raising millions of dollars. People are blindly chasing charts without even understanding that this is merely a bubble which is bound to burst. They are blindly running after, "To the Moon", "To the Mars" and end up in hell.
Irony is, even if some utility tokens and coins get introduced into the market, the bully and abusers won't digest the fact that business sincerely needs some vision and some real life trade (sale-purchase of an item, commodity) to sustain in the market. But Investor in Crypto seeks developers to launch a token in the name of dog, cat and horse... create hype and get it listed on CEX ... this process is basically a financial fraud..
But Crypto investors always demand it and hence, then there are some fraudulent and so-called developers who are happy to supply what has been demanded.. :)
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