Meme Coins Like Shiba Inu and Dogecoin Have Reached Massive Market Caps Despite Lacking User Utility, Says Charles Hoskinson

Meme Coins Like Shiba Inu and Dogecoin Have Reached Massive Market Caps Despite Lacking User Utility, Says Charles Hoskinson
Mobile phone app screenshot of a Dogecoin logo in New York, on April 20, 2021. Richard Drew/AP Photo
Benzinga
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Cardano founder Charles Hoskinson says that meme coins including Shiba Inu, Dogecoin, and various other crypto projects should be evaluated time to time based on their vision.

He says that various cryptocurrencies have reached market caps of billions of dollars, despite lacking user utility.