Post
Topic
Board Bitcoin Discussion
Re: Does any meme coin has the ability to challenge bitcoin dominance ?
by
kro55
on 06/03/2024, 10:37:24 UTC
What utility do meme coins offer?

For a project to challenge and usurp, it would need to offer more utilities than Bitcoin does or improve on the aspect of decentralization, security and immutability.

Meme coins like many other altcoins are purely for speculation, causing the changes in price.

No one can replace bitcoin's dominance, but how many people participate in this market for convenience, technology or more than 90% just for money? That's why the cryptocurrency market has existed for 14 years but every time bull season comes, memecoins are still the most mentioned name. And over the past 14 years, memecoin or altcoin has always become the focus when the bull season comes even when many people predict memecoin is dead.

But there is no denying that in the long run bitcoin will be the best and safest choice. Therefore, when it comes to crypto investment, no one is right or wrong, it depends on each person's preferences. For those who are greedy and adventurous, memecoin is the choice. But for those who don't want to take risks and choose to go slow, bitcoin is the choice.