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 ?
Not only Pepe, but there are also other meme coins that have increased thousands of times, but can that make them worthy coins to fight Bitcoin's dominance? apparently not. Because even if it rises hundreds of times or even thousands of times, it is still a meme coin which is only based on market speculation and has no real economics to support it. People invest in it just to make a profit, and that's it. Meanwhile, talking about Bitcoin, its potential is much greater than that of meme coins, and its economy is very large, so it will be very difficult for these meme coins which do not have a strong economy to be able to disrupt Bitcoin's dominance.