Quote from: jjdub7 on Today at 09:21:27 AM

Quote from: LemonMaker on June 14, 2021, 07:39:51 AM

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Because the price of the coins is determined by the demand, and most people do not bother to make a research what is behind most projects (perhaps because there are a large number of people who do not even understand and have no idea what blockchain technology is), but simply embark on a blind investment in the hope of making quick money. And because there is a lot more noise around these meme coins, they decide that these are good coins to invest.

I agree. There is still a higher population out there who doesn't have knowledge about what blockchain is or if it's a good project or not.
What they just rely with is those superstars in Twitter telling things they also don't know about.
Let's start with Elon Musk. Do we really have to believe he invested blindly with Bitcoin now knowing what it's background is?
Then, he will just swallow everything he said and tweet about Dogecoin being more green than Bitcoin. I doubt that.
Tons of people believed what he said but thanks to his ignorance or lies there are also tons of his followers that will now start researching what they will invest with.