Crypto is good for two things only: (a) difficult-to-use gambling tokens to crave a base human desire (b) creating blubbering fanboys whose zeal with respect to their crypto-religion would embarrass the most pious Bible-thumping Protestant. The fact is, however, in spite of the breathlessly anticipated “halvening” that crypto has been completely stalled out and eroding for over three solid months. It’s a dud.

This phenomenon is even more plain in the alt-coin world. You can see the explosive move higher across the board earlier this year, when chicken wingers and neckbeards figured it was 2021 all over again. It didn’t last, though, and most of those gains have already burned off.

SHIB – named for a freakin’ dog

DOGE – yep, another dog

More By This Author: