Forbes publishes a "Good For Nothing" blockchain list 👀
Without commenting on the selection (like I’ve been saying for some time) institutional adoption brings fundamental analysis.
That won’t remove meme coins, nor should it, but it will help retail better allocate their capital and will lead to a complete shakeup of ‘bluechip’
Until then everything is a meme coin with zero fundamentals which penalises real innovation and rewards hype and fud, which ultimately exposes retail to undue risk…
Really its on regulators to create better functioning markets by allowing ever more regulated products like ETFs and Indicies to compete in an open market for retail money giving a greater range of options.
This doesn’t mean retail can’t directly take extreme risk and play the hype game but it might help them manage it better
https://www.forbes.com/sites/s....tevenehrlich/2024/03
