This is an issue that has perplexed me for the longest time. I think it is due to the market still being naive and as you said, the predominant notion of crypto simply being a cash grab.
As time goes on, players in the market will move from gamblers to investors, and when that time comes, only actual products will attract the smart money. Until then, it will be the pump and dump assets heading the pack.
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All the while builders are building. They aren't gamblers or investors but developers and entrepreneurs. At the end of the day, they are the ones who make an industry go.
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