Memecoins will end up ‘worthless,’ says ARK Invest CEO

The CEO of Ark Invest Cathie Wood predicts that even will eventually become “worthless”. However, she believes that certain pieces like Trump “will resist” in the test of time.

In an interview with Bloomberg Television, Drink revealed that she does not use her private funds to invest in these parts. Indeed IA Chatbots, “will not really be worth” in the future.

Instead of putting her confidence in the same, the founder of Ark Invest expressed confidence in the larger more established cryptocurrencies, such as Bitcoin (BTC), Ethereum (Ethn) and Solana (GROUND). According to Wood, these cryptographic assets “are currently multiplying” and only develop stronger overtime.

Wood warned that traders putting their money in the Even Market to “be wary” because as soon as possible, the viral parts will be made “worthless”.

“There is nothing like losing money so that people learn, and they will learn that dry and regulators do not take responsibility for these guys,” said Wood. However, ARK Investment Management believes that certain documents “will resist the judgment of time”, including the Trump (ASSET) Token.

At the end of February, the United States DRY The finance division of companies said that the agency does not consider the Mécens as titles. Instead, they are considered to be “collectibles” and will remain unregulated.

Does even go to zero?

At the time of the press, same represents $ 51.6 billion in combined market capitalization. In December of last year, global market capitalization reached a summit of $ 137 billion. Since then, it has decreased by around $ 86 billion or more than 60%.

In fact, the market has seen many viral mecoins crash. These include the Argentine-President-President Balance Mecoin who experienced a 94% price collapse And the official Trump Memecoin, who fell by almost 85% of his cutting prices.

According to the chain data According to Ark Intelligence, the Murad Murad Mahmudov Murad Murad Muhmudov Crypto portfolio, which consists mainly of even, fell by more than 80% in just two months. On January 18, Murad’s cryptographic assets still reached a value of $ 54 million. However, on March 18, Murad’s active ingredients are only 12 million dollars. On March 11, the value was even smaller, just barely $ 10 million.

Murad’s main maintenance price, SPX6900 (SPX), went from a maximum of $ 1.52 to $ 0.39, a drop of almost 80%. Apart from SPX, the other same of the crypto trader, like Giga, Retardio, Mog (KITTY) and Memdex, also fell sudden.

A recent report Matrixport said that the same market has not shown any signs of recovery, even with the recent increase in global liquidity and the weakening of the US dollar. Not only that, the main launch pump of the same.