In last one week, coins like pepe rose by 400% or more. There were other meme coins like dogecoin and shiba inu also growing fast. Lot of bitcoin users would now feel tempted to move their funds to these meme coins for higher profit. At such, do you think that any meme coin has the capacity to challenge bitcoin dominance ?
It is erroneous to compare Bitcoin with memecoins. Even ETH the second highest marketcap coin doesn't come close in comparison. Bitcoin is a utility coin that can be likened to a fine wine that's getting better over the years. Memecoins on the other hand are pump and dump tokens with no use cases and they'll fade away in time. A crypto enthusiast who has been around in the space for a long time will never be carried away by memecoins' hype and will stay away from them.
Its a stupid act if you get tempted to invest into meme coins and leave bitcoin investment.