If not for the reputation that Bitcoin has built over the years as a store of value, memecoins scams would have dragged crypto reputation into the mud. Memecoins are no different from Ponzi schemes, left for then alone cryptocurrency would have collapsed. But thanks to Bitcoin reputable, the name cryptocurrency still holds value.
I agree with you. The main lifeblood of Cryptocurrency is Bitcoin. the highest success in Crypto investment comes from Bitcoin, which is not possible from any Memecoins. It is true that it takes a long time to achieve success in Bitcoin. the trustworthiness of Bitcoin is spreading all over the world, as we can now see the proof. to achieve success in any investment, knowledge as well as specific guidance is very important. It is sad that some new investors invest in different Memecoins with very little knowledge and get scammed and make various bad comments about Cryptocurrency. To achieve success, specific knowledge as well as long-term investment planning and patience are very important.
From my perspective, the reason why mini coins are alive today is because Bitcoin was created, otherwise the situation of mini coins would have been very dire. I believe that we will see Bitcoin reach its highest level at some time.
Bitcoin's credibility is the reason for mass invention of memecoins. However memecoins have also had negative influence on bitcoin is also noteworthy because many people who are not investing in bitcoin today were all product of memecoins scams which they have previously run into before gaining the full knowledge of bitcoin. With such existing stigma against cryptocurrency, they end up scaring away from all forms of cryptocurrency investments including bitcoin.
A good knowledge of bitcoin at first would also keep any investor focused on bitcoin alone because proper analysis of any memecoins would make you understand it's unreal nature. The idea of diversifying funds into these memecoins should also be discouraged among bitcoin investors who are not willing to gamble their hard earned money.