Binance Boss Talks About the Future of Dogecoin, Shiba Inu & Meme Coin.
In recent years cryptocurrencies (cryptocurrency) have attracted a lot of interest from investors and traders. Crypto prices continue to rise and hit record highs in history.
One that gets attention is the meme coin. This is a cryptocurrency that initially appeared as a joke but then many investors were attracted. Examples of meme coins are Dogecoin, Shiba Inu to the SQUID game.
Binance Chief Executive Officer (CEO) Changpeng Zhao in an interview with The Associated Press talked about the meme coin. He admits that he doesn’t understand Dogecoin but what is happening now shows the power of decentralization.
“To be honest, I don’t understand Dogecoin. But it shows the power of decentralization. What I think may or may not matter. If enough people in the community appreciate it because it’s funny, because they like memes, then the meme has value,” he said. as quoted Friday (12/10/2021).
Changpeng Zhao added that Dogecoin has survived for years even though its price fluctuates up and down.
“Now we have Shiba, which is also a meme coin. We have more meme coins. But guess what? For something to be valuable, you only need one other person to buy it,” he explained.
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