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.
Meme coin is not a asset or any utility coin. So since it has no potential future or use it will not be trusted much by people and there will be no long term investors. Bitcoin is considered an asset by investors similar to gold, silver, land or other valuable assets. And it has managed to create a huge amount of trust in people's minds that no other coin could. And I think it will not be possible in the future. There are many potential coins in the market such as ETH, SOL, TRX, BNB etc.. They are in a good position and after Bitcoin, investors keep an eye on them. Still they can't challenge bitcoin so how meme coin can challenge bitcoin. lol...