Dogecoin and Shiba Inu Should Go To Zero - Predicts Mark Yusko

Mark Yusko, CIO of Morgan Creek Capital, has criticized the value of meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB).

[{"selector":"#anim-0a70f477-e181-4b6f-8279-c70ee8f18b9f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be91f3ec-f62c-43f3-a099-93aea4e97dab","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 155.01543%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Yusko believes that the two tokens have no value and should go to zero.

[{"selector":"#anim-5f0a668d-308a-494f-b226-6bc248c6ed64","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-38cf695c-eb00-4c35-b76c-2122a2d829d2","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 234.73821%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

He thinks that those who invested in the meme tokens are simply trying to keep the price from collapsing by not selling and convincing others to buy in.

[{"selector":"#anim-0b66a7fa-19d0-467a-8471-222c1067e72d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2783e29b-b47c-4c67-b664-746a0640f18c","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 143.48105%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Yusko expected a series of interest rate hikes by the Federal Reserve to collapse the meme tokens, but that has not happened.

[{"selector":"#anim-9c23cee7-3646-4589-8a18-84e9e4c607d4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b5c5314-5655-40e8-85b5-12db320aee21","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 156.40435%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

He considers the high price of the meme tokens to be a "collective delusion" and believes that it has to end eventually.

[{"selector":"#anim-2335270a-19cd-4667-926e-1d1b241f2740","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c62c4352-24a6-4130-880f-6356d37d7303","keyframes":{"transform":["rotate(-360deg) translate3d(0px, 141.82101%, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]