Quote from: lizarder on Today at 01:58:11 PM

Quote from: Volimack on Today at 01:39:08 PM

As far as I know bitcoin is the king in the crypto market. That's why memecoin can never surpass bitcoin. We all know that meme coins have very low performance and investors will never get the same profits as bitcoin if they jump here. Bitcoin longterm investment is much stronger than any other currency.

ETH, which has a fairly large market capitalization, cannot surpass Bitcoin, so what about memecoins which do not have fundamental strength? Memecoin or other coins have not had the opportunity to break the dominance of Bitcoin prices because their strength depends on other influences. Meanwhile, bitcoin is strong and has a good fundamental level for itself so that bitcoin can position itself as one of the popular coins that is in demand by many people.

I am not dismissing memecoins as a general step towards the development of cryptocurreny but it has nothing to do with dominance. Because memecoins do not have the power to defend themselves and instead they are present and abandoned by investors and developers when they have no long-term prospects.

It was not just the capitalization itself but the utility of the project which meme coins don't have, even other altcoins. Meme coins are an example of a crypto project that exists with no real purpose or commendation. It was just built to hype the crypto market, and it gained attention really, but also, these projects ruined the market as well as we know that a lot of people suffered losses from investing in them.

Indeed, it was noticeable for its current pump but as usual, they will dump afterwards. If we think this will challenge Bitcoin to dominate the market, then the developers must prove that their projects are worthy. Otherwise, people are right that these meme coins are worthless.