Quote from: GNNcrypto on Today at 11:02:51 AM

Quote from: GEMIN_M4 on March 22, 2023, 08:02:22 PM

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

If Elon Musk hadn't supported Doge coin, meme coins may not have been as popular. However, the success of a project depends not only on the support of well-known individuals, but also on many other factors, such as ideas, team, technology, and community support. Perhaps meme coins could have developed more slowly, but they still would have had a chance to succeed if they had unique ideas and opportunities for growth.

Elon Musk used all his influence to boost memecoins to a level of importance they would never be able to reach by themselves or through common advertisement methods like bounty campaigns. Only DOGE would remain popular in every cases, because it was already one of the favorite classic coins in crypto universe by many enthusiasts, even without Musk's support. What Elon did was to push DOGE to a new price range, consequently pushing all the trash of the memecoins' niche as well and unfortunatelly luring investors to losses, especially regards SHIB investments.