Cryptocurrency's credibility crisis goes beyond the impact of meme coins and degen gambling. Crypto has always struggled with credibility among no-coiners – who point to the lack of intrinsic value, price volatility, and regulatory concerns, among other issues. These criticisms seem all the more persuasive when applied to memecoins, which typically exist without an underlying purpose or specific practical use case. On the flip side, memecoins offer social value and have the uncanny abili...