Quote from: GigaBit on June 10, 2024, 03:37:47 PM

A meme coin has never and will never surpass bitcoin. If we can understand the difference between meme coin and bitcoin then this kind of speculation is completely foolish. Think of the Doge Coin today, the coin never made it to $1 even though Elon Musk was directly involved. So how can bitcoin be challenged by meme coin? I assume that a meme coin is well established and has high value and demand but don't forget that new meme coins being created will also start to impact the market soon. Bitcoin is completely different in this respect. Should not compare bitcoin with meme coin.

Comparing "meme" coins with Bitcoin is like comparing apples with oranges. Two completely different things. From time to time, we've seen numerous failed attempts from altcoins in replacing the original cryptocurrency (BTC). Why would this change anytime soon? Without Bitcoin, "meme" coins wouldn't even exist. It's the "Father" of all crypto.

"Meme" coins are only pure cash grabs by developers. Whales are the only ones who get most of the rewards. Only if they're lucky, of course. The rest will lose big time due to the highly-volatile nature of "meme" coins. Around 99% of them are inflationary with a huge circulating supply. Totally not worth it. Hopefully, someday people will understand before it gets too late. Who knows if Dogecoin remains the only "meme" coin in existence? Grin