As the specialists explain, not all cryptocurrencies are the same. María Fernanda JuppetCEO of Cryptomkt, clarifies a key point about The nature of $ Libra and its classification within the crypto ecosystem.
“First of all, it is important to recognize that the digital asset $ LIBRA corresponds to a token based on a project and not to a conventional cryptocurrency. This is relevant because these types of assets are highly volatile And that knows it, especially the Argentine, who has a lot of experience in the use of cryptoactives to protect themselves from inflation. “
In addition, Juppet emphasizes that the impact of this case will not change the way Argentines use cryptocurrencies:
“Most transactions in the Argentine market are carried out with dollarized digital currencies. Therefore, the Milei case does not affect crypto adoption in the country, but opens a political discussion. It is not a rejection of technology or change in the form of money use. “
The risk of memecoins and speculation
Despite their sudden popularity, experts warn that memecoins such as $ Libra can generate confusion and high financial risks. Ramiro Raposo, Bitwage Growth VP, pioneer platform and leader in cryptocurrency fees, points out that ignorance about these assets can lead to erroneous interpretations:
“For those who are not familiar with cryptocurrencies, these types of phenomena can generate confusion. Many people do not distinguish between a memecoin and a conventional cryptocurrency such as Bitcoin, which has a technical support and a purpose beyond speculation.” Raposo also warns about the volatility of these assets and the role of public figures in their value:
“Those who have experience in Crypt know that these cases occur frequent A president linked to a memecoin that is not of his own creation. “
For its part, Tania readDirector for Latam de Azteco, an international platform that allows BTC to buy in stores and online from US $ 10, explains that it must be very aware of the risks before accepting investing in this type of assets: “The adoption of the Memecoins In the crypto market it is similar to that of betting on casinos or lotteries. All of them are high -risk investments where the total loss of money invested is most likely. ”
Key tips before investing in Memecoins
If you are considering investing in Memecoins, from Cryptomkt they recommend that rookie investors first become familiar with stable cryptocurrencies, such as stablecoins (digital assets tied to the value of the dollar), before risking speculative tokens.
In addition, it is important to consider these key points:
- Deep research: analyze the project behind the Memecoin, its community and its real utility.
- Risk management: Do not invest more than you are willing to lose.
- Diversification: Avoid concentrating all investment in a single memecoin.
- Caution before Hype: Do not make impulsive decisions for viral trends in social networks.
The case of $ Libra puts on the table the role of memecoins and speculation in the crypto market. Although many of these currencies quickly go viral, they can also lose value with the same speed. While some see a financial opportunity in them, others warn that without solid foundations, their extreme volatility makes them a risky bet.
Source: Ambito
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