The penny stock phenomenon comes from the Bitcoin fantasy of it becoming a currency. Cryptos are not currencies and I don’t think they will ever be. Ethereum is

The penny stock phenomenon comes from the Bitcoin fantasy of it becoming a currency. Cryptos are not currencies and I don’t think they will ever be. Ethereum is just liquidity for a decentralized VM, and whether that idea will work out or not is decades away from being clear. Basically it’s programmable money.