Galaxy Digital Head of Research: Industry's Lack of Successful Use Cases and Concerns About the Economy Are Keeping Memecoin Alive
On October 27, Alex Thorn, head of research at Galaxy Digital, pointed to a post at X saying that Memecoin exists at the confluence of concerns about the lack of successful crypto use cases and the despair of young people over the bleak economic outlook
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cathie Wood Takes ARK Venture Fund Onchain With Securitize
Litecoin Hits 8-Month High as ETF Holdings Set Record — Can Bulls Clear $75?
University of Michigan September Consumer Sentiment Index falls to a four-month low, inflation expectations for the next year rise to 4.6%
The final value of the US Michigan Consumer Sentiment Index for September dropped to 48.1, reaching a four-month low. Consumers expect inflation over the next year to be 4.6%, higher than last month's 4%. The expected annualized inflation rate for the next 5 to 10 years is 3.4%, the highest level since May. US gasoline and diesel prices have climbed, and mortgage rates have surpassed 7%. According to the survey leader, despite political differences, consumers unanimously believe the economic outlook has worsened.
Crypto prices
More
