The post Meme Coins Are History! Says Warren Buffet As Sceptics See Better Value In Real World Solutions Cryptos appeared on BitcoinEthereumNews.com.

Meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) captured attention through hype over time. But lacking the intrinsic value of tokens like 1Fuel (OFT) they pose significant risks as crypto investments.  Experts like Warren Buffet stress that meme coins no longer hold relevance in the current market. This has prompted a move towards assets with real-world value as investors look for the next crypto to 100x.  Read on as we examine the dwindling appeal of memecoins and why investors are turning to 1Fuel, a new DeFi coin with unmatched utility and the potential to 100x. Shiba Inu burns 1 billion tokens, but market skepticism triggers a 20% price drop The team behind SHIB recently incinerated 1 billion tokens, celebrating it as progress. Kaal Dhairya, a popular developer within the Shiba Inu community, confirmed the burn via X. Despite the burn, SHIB’s price continues to struggle. The meme coin has struggled in recent weeks, dropping from $0.0000248 to $0.0000189. Experts suggest that the ongoing downtrend may push SHIB to a further decline, potentially reaching $0.0000170. This lack of momentum has left many questioning the future of Shiba Inu and other meme coins, including Dogecoin.  Meme coin woe: Dogecoin’s massive transfer raises eyebrows as its value continues to drop A recent transfer of 400 million DOGE, worth $137.7 million, has grabbed the crypto community’s attention. The transaction saw the massive amount moved from an unknown wallet to Binance.   This movement indicates a potential uptick in trading activity or market instability for DOGE. In recent weeks, Dogecoin has seen a 20% drop, from $0.431 to $0.331. Experts predict that the downward trend may persist.  With meme coins struggling, investors are increasingly favoring crypto assets backed by strong fundamentals and long-term utility. This is where 1Fuel comes in.  1Fuel: The DeFi coin with…

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Filed under: News - @ February 1, 2025 7:24 pm