It's crazy that a premined, inflationary shitcoin like CNY has over 50x the market cap of bitcoin. The devs can rug-pull whenever they feel like it, or steal all your coins whenever they feel like it. Plus the devs won't even let you send it internationally unless you have a good excuse. https://fiatmarketcap.com/
Ya its not surprising, you got bunch of newbies and millennial and robinhooders buying like you said shitcoin cuz its "cheap" they simply don't understand that 5k to 30k is the same thing as 50-300, basically they dont understand percentages, but dont just laugh at it, take advantage and trade it and make money off the bubble and the hype, not in those shit coins but in those stocks that trade around the coin world that has options, this way u can participate in the upside without the downside, MARA RIOT for example are top of the list, both up 30x this year alone compared to the bitcoin they worship whcih is only 6x this year