Ever since from its inception Bitcoin has been immensely popular and won the hearts of millions around the globe. Ethereum, only next to Bitcoin in popularity, has made sure that crypto goes next level. There are L2s and L3s as well. Then, there are shitcoins. As their name suggests, shitcoins offer little to no utility to the blockchain and crypto world. However, there are many shitcoins which have been able to cherish equal love from crypto enthusiasts.
Considering that the work of a crypto enthusiast is to take Cryptocurrency and Blockchain technology to the next level, why don't we just make sure that we always keep ourselves unbiased towards every project that play a part in the development of crypto world. If that's rightly phrased, Can't we build an inclusive model of digital currencies around Bitcoin and Ethereum? Can't we refrain from the hullabaloo of calling every other coin a shitcoin? Or, Can't we be unbiased and follow DYOR and accept coins and token that proposes some kind of utility? To find out the answers read the article and decide what's best.
"Survival was my only hope, success my only revenge." This quote from Patricia Cornwell, an American crime writer, connects well with those who stood firm all along the nasty crypto winter that saw the fall of FTX Empire like a house of mere cards. Terra's Luna suddenly became irrelevant. It was last December when the winds were freezing down everything that came in the way. In fact, we have had the most brutal of a crypto winter that we ever face.
Most cryptos went crashing and crashed so hard that within no time most were down like 80% or 90%. Bitcoin went close to $15k after seeing a mammoth rise to $70k a few months ago and Ethereum couldn't hold either. Altcoins were bleeding worse and were ditched as if they were non-existent. Yes the crypto winters are so cruel that they may entirely take over your psyche with fits of cold and pneumonia.
However with these kind of gusty waves, there's always a stand-still sight of a lighthouse that guides the barks strayed in a tempest. We also had our lighthouse but it seemed so far away until our eyes twinkled with 'ETF, ETF, ETF'. Yes, that was the first hope, that injected fuel into our corpses of hopes. We started chanting 'HODL-HODL', parting with 'God save us this time'. We started shouting baboons and transformed our identity overnight from a pessimist to an optimist overhauling every limit. Projecting Bitcoin to surpass $1 million per coin after ETF approval shows our capacity of optimism. Isn't that true?
It's not correct that an override of optimism is always a unnecessary. In the case of Bitcoin, Ethereum and other useful coins, it's mandatory and in case of shitcoins, it's super-mandatory. Let's validate this mandatory and super mandatory aspect. Suppose you hold only Bitcoin, you see a near 100% growth in a year's time, but when you have Solana or any Dolana, or any tolana, you might well be on course to see 100x in no time. For a better case study, here's one comparative graph of Bitcoin, Render and Solana. These three are in the Top 100 list and if you go below 100, you may find out a few coins or tokens that have performed exceptionally well even in crypto winter.
Of course it's not always bad to be on the safer side of things. Bitcoin, Ethereum and some other top tier coins offer better assurance in terms of liquidity. But this liquidity has not been forever with ETH. Can you say that Ethereum had this much liquidity in 2016? Yes, things could go worse, and at worst you may lose a few dollars in a pre- declared shitcoin. But it's better to say a non-hesitant 'yes' to a few of them. Who knows that the lack of finances drown a good project? Also who can tell that a little of your support to a project with utility enables its participation in blockchain technology?
At last a ringing bell, so be all ears. Haven't we hugged DOGE all the time in previous bull run? Answer with reason. Why is ETC still in top 50? Why are these memecoins like SHIB, FLOKI, PEPE are all worthy of a portfolio? What new has BCH and BTG given to the blockchain development? How has Ethereum with so much gas fee still surviving? There are certainly numerous ifs and buts for which we could have denied the now successful coins and tokens in top 100. So, this seems quite unfair with some serious projects still lagging behind and it may be entirely because of the lack of funds.
Overall, if Bitcoin and Ethereum alongwith L2 chains are mandatory for the development of blockchain, the shitcoins (memecoins or smaller chains) are mandatory for the engagement of masses. As everyone has a different taste, so is every dish popular. This is the same with technology or Innovation. Every innovation needs to develop in a way that it may suit to the taste of everyone. So, consider every new or old coin with unbiased eye and after a thorough DYOR, accept them if it suits your taste. Always remember that we are building a new world with new money so we need to accept and involve everyone and everything.
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