๐จ BREAKING NEWS: Chasing 100x tokens is game of โirrational exuberance,โ says Polymarket CEO
Some traders are looking for more predictable prediction market opportunities, rather than playing โhot potatoโ with the next 100x gem, according to Polymarketโs Shayne Coplan.
Cryptocurrency trading is becoming a game of โirrational exuberanceโ as traders race to be among the earliest investors to find the next 100x token, according to Shayne Coplan, the CEO of prediction market platform Polymarket.
โPeople think theyโre buying something, itโs worthless, but theyโre buying it. If it can go to 100X, they want to sell it before it goes back to zero,โ said Coplan during a fireside chat at Token2049 Singapore on Wednesday.
Coplan said that some traders can generate significant wealth through this strategy, but added that it is a โgame of irrational exuberance and hot potatoโ where asset prices that rise must eventually come down.
๐ [ฤแปc toร n bแป bร i viแบฟt tแบกi bแบฃn gแปc](https://cointelegraph.com/news/chasing-100x-tokens-irrational-exuberance-polymarket-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
๐ฐ Nguแปn: ๐ช CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
Some traders are looking for more predictable prediction market opportunities, rather than playing โhot potatoโ with the next 100x gem, according to Polymarketโs Shayne Coplan.
Cryptocurrency trading is becoming a game of โirrational exuberanceโ as traders race to be among the earliest investors to find the next 100x token, according to Shayne Coplan, the CEO of prediction market platform Polymarket.
โPeople think theyโre buying something, itโs worthless, but theyโre buying it. If it can go to 100X, they want to sell it before it goes back to zero,โ said Coplan during a fireside chat at Token2049 Singapore on Wednesday.
Coplan said that some traders can generate significant wealth through this strategy, but added that it is a โgame of irrational exuberance and hot potatoโ where asset prices that rise must eventually come down.
๐ [ฤแปc toร n bแป bร i viแบฟt tแบกi bแบฃn gแปc](https://cointelegraph.com/news/chasing-100x-tokens-irrational-exuberance-polymarket-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
๐ฐ Nguแปn: ๐ช CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
