As the cryptocurrency landscape continues to evolve, investors grapple with understanding the myriad of digital assets flooding the market.

Roundtable anchor Rob Nelson joined David Gokhshtein, Founder of Gokhshtein Media, and Dirk Lueth, CEO of Upland, to delve into the complexities of the crypto space, discussing challenges faced by average investors, the future of altcoins, and the emerging significance of utility tokens.

Rob Nelson highlighted the confusion many investors feel amid the proliferation of cryptocurrencies. "If you're an average investor out there, you're like, wait, all the other 20, 30, how many thousands of coins are out there that go up, down, all around?" he remarked. David Gokhshtein agreed, emphasizing, "The space is confusing 100%. You get in, there's 40,000 tokens that are created."

Gokhshtein issued a stark warning about the vast number of tokens lacking real value. "I can probably say 90 to 95% of them will be worthless," he predicted. However, he acknowledged that certain assets have staying power, including legitimate meme tokens. "There's already a meme index that comes from VanEck... they're going to be legitimate meme assets that they see in the future appreciating," he noted.

Earlier this month, Elon Musk played a role in the creation of one memecoin, named after a squirrel, that went from $40 million to $2 billion in two weeks.

Dirk Lueth shifted the conversation to the metaverse and the utility of certain altcoins. "You have a lot of coins or altcoins which actually have utility," he explained, referencing Upland's Sparklet token. "People need it in the app in order to build something to manufacture items, to energize cars." Lueth believes that these utility tokens could outperform major cryptocurrencies in value appreciation, stating, "Some of the altcoins will actually do that... they will grow faster in terms of value appreciation than what you see currently with bitcoin."

The blending of physical and digital realities in the evolving crypto ecosystem was a key point emphasized during the discussion. Nelson reflected, "People can't seem to merge the two and realize both planes can exist. You can have gold and you can have digital asset." As the market matures, discerning between speculative ventures and tokens with real-world applications will be crucial for investors navigating this complex landscape.