I fear for Ethereum because other competitors are indeed catching up to, the success of Solana and Basechain is a testimony to this, I don't like to talk the technical side because with real commitment fromt the team it can be resolved. Today BNB hit ATH after all the FUD and negativity it suffers due to SEC attack on the exchange but Ethereum continue to lag behind with the ETF news.
I think it might only be a matter of time before ethereum gets surpassed by another altcoin. Though I am not sure about memecoins being the one to do it. Solana is doing really good so we’d have to keep an eye on it to check whether it can maintain its current status or even grow more.
One thing for sure though if solana becomes more successful and valuable than ethereum, it will legitimize memecoins and we will see more of them in the field.