Use Case
When a cryptocurrency project is launched, one of the first things people look at is its use case. The question what purpose does this new cryptocurrency solve? is an important one for the people behind the project to answer.
Furthermore, it’s also essential for the potential audience or customers and crypto enthusiasts to understand that purpose, find it interesting enough, and be eager to invest in it.
However, it’s also common for people to jump on the bandwagon if they encounter an off-beat cryptocurrency such as Dogecoin or SafeMoon. The backing behind these cryptocurrencies is pretty strong despite the two having no tangible purpose.
But despite the community backing, experts believe that in the longer term, cryptocurrencies without a purpose would not be sustainable.
