Quote from: Dunamisx on June 11, 2024, 03:49:25 PM

Quote from: krishnaverma on June 01, 2024, 03:43:55 AM

Is it possible that some meme coin might challenge bitcoin in future ? Why or why not ? I personally feel that though we may see some mem coin making it really big but it will never be at the level to challenge bitcoin.

Memecoins cannot challenge bitcoin in the future base on what we already have on ground concerning them all, some of them have been seen to have a high potential profit making opportunity and some with high risk as well and the more they keep appearing like this, means an certainty nature found with majority of them and what investors dislike is in having the fear of missing out from any coin they are investing on, which all these are not possible if we are investing in bitcoin because it will always end into profitability if we hold instead of being scared for missing out.

Bitcoin is the main asset that is very liked by investors and on the contrary memecoin not all investors like them, and even they consider memecoin as a coin which makes the image of cryptocurrency a little tarnished because not just one or two times many of them have become a fraudulent project.
Even though some memecoins bring in huge profits due to the big hype, in the end they are also slowly abandoned by their investors, therefore I don't see memecoins being able to reach the level of bitcoin.
Not only that, the altcoins that many investors have liked so far also cannot reach Bitcoin's level, because Bitcoin itself is at a different level. Moreover, it is a memecoin that we know what they are like.