Ark Invest’s Cathie Woods Warns About Meme Coin Mania
Meme coins, one of the latest verticals in the cryptocurrency market, do not have the staying power to stand the test of time. This is the opinion of Cathie Wood, the founder, CEO, and chief investment officer of ARK Investment Management, a company with billions in assets under management (AUM).
In a recent interview with Bloomberg Television, Wood sounded the alarms to warn meme coin investors about the possible debacle of these tokens, part of a trend that pumped thousands of these assets to the market, with many plunging to zero in hours.
Wood stated that blockchain and artificial intelligence were creating these tokens that would be “worthless” in the end. She noted that none of her private funds were investing in meme coins, that are not considered securities by the Securities and Exchange Commission (SEC) and are, until now, unregulated.
“If I have one message for those listening who are buying meme coins: buyer beware,” Wood declared, adding that:
There’s nothing like losing money for people to learn, and they’ll learn that the SEC and regulators are not taking responsibility for these meme coins.
The current meme coin market cap reaches $53 billion, having only 5 projects in the top 100, with Dogecoin, one of the first meme coins, leading the charge. Nonetheless, Trump, the official meme coin of the President of the United States, a recent project, has managed to find a foothold among these, even with a somewhat disappointing price action.
This is the kind of token that will still exist in the future, according to Wood, becoming digital collectibles in the end. Nonetheless, Wood remarked on her bullishness in bitcoin and other digital assets, stating that use cases leveraging them are multiplying and might become more relevant in the future.
Read more: Ark Invest’s Cathie Wood Calls Bitcoin a ‘New Bretton Woods’ Amid Global Currency Uncertainty
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tech ain't a moat!
Seriously, I keep seeing these projects strutting their stuff, bragging about how their tech is going to revolutionize everything, the "next big thing since sliced bread."
reality check: NO ONE CARES
And I mean that in the nicest way possible. The sooner project teams realize that whatever "cool shit" they’re building isn’t automatically a user magnet, the better off they'll be.
Sure, your tech might solve some complex technical problems, but is it a big enough pain point for users? If your solution isn't a massive leap forward, something that genuinely blows ppls minds, they won't care. And frankly, neither would I.
caveat: ONLY APPLIES IF RELIANCE IS ON USERS
not all projects are created equal. some are purely technical plays, B2B focused. for them, engaging with end-users is irrelevant so they don't care.
for projects that do need users, users are your path to a moat that can fend off competition. they’re what allows you to continue developing your tech for years to come. so aligning your plans and incentives with your community is critical.
not so hot take: SO MANY TOKENOMIC FUCK UPS
it happens all the time; projects teasing airdrops and running campaigns to attract users end up attracting the wrong kind of crowd.
starknet, scroll, zksync, blast all learned this the hard way. zetachain and linea tried farming engagement over and over, only to see interest wane. ppl aren’t stupid; they know when they’re being played. airdrop farmers might stick around but even they will disappear post-tge.
did you know that blast, starknet, zksync, scroll all rank below pulsechain on defillama? 🤦♂️
If you want to build and grow a real community, you need to align the users who already support you and those who are on the fence. Mass airdrop campaigns simply don’t cut it anymore, as we’ve seen with engagement numbers falling from the sky post-tge.
hot take: THE TOKEN IS YOUR MAIN PRODUCT
a project’s token is the embodiment for alignment and should be considered the project’s primary product in the beginning. it’s the path to nurturing a community and building a sustainable moat.
and you don’t just give something valuable away to anyone. only users who are truly aligned with the project should be repeatedly motivated to remain engaged and have a reason to hodl.
projects often confuse alignment with tvl, which can turn some users off. it’s like that date who only calls you when they want you to pay; eventually, you’ll end up feeling used.
it's good to take a psychological pov on plans and activities designed to repeatedly motivate users. crypto can be a rough ride afterall. if you’re not consistently aligning your actions with your community’s needs, expect a ghost town post-tge and a token that's moving fast to zero.
anyway, weekend rant over.
Ethereum Price Prediction: Can ETH Reach $7,000?
Ethereum (ETH) , the second-largest cryptocurrency by market capitalization, has been a key player in the crypto market, driving innovation in decentralized finance (DeFi), smart contracts, and blockchain applications. However, after reaching an all-time high of $4,878 in November 2021, ETH has struggled to reclaim those heights, facing multiple price corrections.
Currently trading around $1,967, ETH price has been in a prolonged downtrend, raising concerns among investors. With the crypto market showing signs of recovery and institutional interest growing, the question remains: Can Ethereum break out of its bearish trend and rally to an ambitious target of $7,000?
To answer this, we will analyze ETH’s price action, key resistance and support levels, technical indicators like RSI and MACD, and the fundamental catalysts that could drive Ethereum to new highs. Let’s dive into the charts and explore whether ETH has the potential to make a parabolic move toward $7,000.
Ethereum’s price has been under pressure , struggling below key resistance levels. The daily chart shows a continued downtrend, with ETH currently hovering around $1,967 after failing to hold higher support zones. A critical question arises—can Ethereum overcome this bearish momentum and reach the ambitious $7,000 target?
From a technical perspective, the market structure reflects a bearish sentiment, but a potential reversal pattern may be forming. The Relative Strength Index (RSI) is near oversold levels, and the MACD is showing early signs of bullish divergence. These indicators suggest that Ethereum might be nearing a short-term bottom, which could set the stage for a recovery.
Ethereum faces strong resistance at $2,100 , where past price action has seen multiple rejections. If ETH price successfully breaks this level, the next targets would be $2,500 and $3,000. However, failure to do so could lead to a retest of support around $1,800.
A key bullish signal would be ETH reclaiming $2,500 as support, as this could provide the momentum needed for a long-term uptrend. On the downside, if Ethereum loses the $1,800 support, we could see further bearish movement toward $1,500 before any potential recovery.
The RSI (14) is currently at 35.79, which is very close to the oversold territory (below 30). This indicates that selling pressure might be nearing exhaustion, and a relief rally could be on the horizon. If the RSI moves above 40 and sustains, it would confirm the start of bullish momentum.
The MACD (12, 26), however, remains bearish with negative histogram bars. The MACD line is below the signal line, confirming a downtrend, but the negative momentum appears to be slowing. If the MACD line crosses above the signal line, it would confirm a bullish trend shift, signaling a potential rally.
For Ethereum price to reach $7,000 , it would need to experience a major macroeconomic shift or a significant fundamental catalyst, such as:
Currently, ETH price is far from the $7,000 target, but a break above $3,500 would be a major bullish confirmation, setting the stage for a long-term rally toward higher price targets.
At $1,967, Ethereum is trading at a significant discount compared to its previous highs. The indicators suggest a potential bottom formation, but confirmation is needed through price reclaiming key resistance levels like $2,100 and $2,500.
For short-term traders, waiting for a breakout above $2,100 could be a safer strategy. For long-term investors, accumulating ETH at current levels might offer strong returns if Ethereum’s fundamentals continue improving.
While $7,000 is an ambitious target, it is not impossible. If ETH breaks out above $3,500 and Bitcoin reaches new highs, Ethereum could enter a parabolic phase, making $7,000 achievable in the next bull cycle.
LikeCoin Soziale Daten
In den letzten 24 Stunden betrug der Stimmungswert in den sozialen Medien für LikeCoin 3, und die Stimmung in den sozialen Medien in Bezug auf den Preistrend von LikeCoin war Bullisch. Der Gesamt-Social-Media-Score von LikeCoin war 0, was den 750 unter allen Kryptowährungen einnimmt.
Laut LunarCrush wurden Kryptowährungen in den letzten 24 Stunden insgesamt 1,058,120 in den sozialen Medien erwähnt, wobei LikeCoin mit einem Häufigkeitsverhältnis von 0% erwähnt wurde und unter allen Kryptowährungen den Rang 1192 einnimmt.
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Auf Twitter gab es in den letzten 24 Stunden insgesamt 0 Tweets, in denen LikeCoin erwähnt wurde. Davon sind Bulllisch für LikeCoin, 0% Bärisch für LikeCoin, und 100% sind neutral für LikeCoin.
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Übersicht über alle sozialen Aspekte
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