Bitcoin Forum

In last one week, coins like pepe rose by 400% or more. There were other meme coins like dogecoin and shiba inu also growing fast. Lot of bitcoin users would now feel tempted to move their funds to these meme coins for higher profit. At such, do you think that any meme coin has the capacity to challenge bitcoin dominance ?

What utility do meme coins offer?

For a project to challenge and usurp, it would need to offer more utilities than Bitcoin does or improve on the aspect of decentralization, security and immutability.

Meme coins like many other altcoins are purely for speculation, causing the changes in price.

Why would you challenge Bitcoin? If Bitcoin didn't exist do you think these memecoin exist?

Like they said Bitcoin is the king no one will be able to replace its position.
Meme coins just suddenly rose due to the upcoming Bitcoin block halving event so how can memecoin dominate Bitcoin?

Your biggest Altcoin with millions of smart contracts and Meme tokens on it, MR ETH isn't going to beat Bitcoin anytime soon so you gotta forget about the PEPE or DOGE challenging Bitcoin's Dominance. Seems like an impossible task for any altcoin let alone Meme coin to come over Bitcoin's Dominance. The store of value literally helps people to invest and get better returns than the usual stock market and boomer stuff.

one big thing that goes wrong when exchanging btc to meme coins,
As long as in the crypto world, meme coins only provide momentary profits, unlike Bitcoin, even in bearish times, BTC can still provide profits for traders.
and it should be noted that BTC can never be compared with other cryptos

Who? I believe a lot of real Bitcoin users i.e. users in this forum not feel tempted to see shitcoins pump because it's just temporary, sooner or later it will crash.

Ethereum as the second biggest token and had a chance to overtake Bitcoin in 2017-2018, it's still not even able to overtake Bitcoin until now, so it's really a big joke if you think shitcoins has a capability to challenge Bitcoin.

comparing bitcoin with memecoin is not apples to apples, because the two coins have deep differences. bitcoin has economics and it has features that help people to be able to transact more securely globally, basically it has the potential to be adopted by more people globally. meanwhile, memecoin only relies on hype and speculation from the market. it has no real economics and its adoption cannot be carried out by the wider community, because its use is only for fun.

so clearly, memecoin does not have the ability to challenge bitcoin because it only relies on speculation and hype from people.

For me, Meme coin remains a trash coin even though Pepe rises 400% or more, I still stick to basic principles when investing and Bitcoin is always the main choice even though other coins have increased by more than 400%. Bitcoin will always be the flagship coin for me and the best store of value in the crypto market, its rarity of only 21 million coins available makes it both a hedge against inflation and a long term investment opportunity.

Until now I have not been interested in investing in meme coins even though they can offer high returns, the low market capitalization and lack of regulation can make meme coins very vulnerable to price manipulation and fraudulent schemes. Market volatility can also make investing in Meme coin very risky as its value can fluctuate rapidly based on changes in demand and other market factors.

Bitcoin is global money.


Meme coins are useless little things whose entire value is based on people buying it for its name or logo. Literally anyone can make a meme coin. It's an endless supply, with no utility backing it up. Meme coins are 100% get-rich-quick speculation with nothing backing them up. They are purely for trading, and very very risky.


It's like asking if a kid in a lemonade stand on a street corner can challenge McDonalds in the food business.


If you're seriously asking this question you should start learning a lot more about Bitcoin and Crypto, and also about investing, money, and what makes things valuable in the first place.

Anybody to that move his fund from bitcoin to meme coin does not do it because of meme coin challenging btc but to make profit because as btc is rising by %10 so are some altcoin rising by %50 or above. But that does not imply that those meme coin is challenging btc in any ways. If you check binance and any other exchange right now you will discover that those meme coin you claim is challenging bitcoin are declining and BTC is still rising. Btc rose to $69k while Shiba,doge and Pepe are dropping so btc is alway btc and can not be compared with any other. I have seen many alt/shit/meme coin that challenged btc but all are no where to be found today. Btc has more reliable features compeard to meme coins. One factor is the total number in supply, market capitalization, market dominance.

I don't want to dream in the middle of the day because dreams at that time are too far from reality. Usually dreams that come before dawn are close to reality. That is if there is a realistic effort.

There is no evidence to be gained from coin mem to determine Bitcoin's dominance. To me the coin meme sounds like bullshit. There's no use at all.
Never mind challenging Bitcoin's dominance, even challenging potential altcoins they have never been able to. If there was a time when meme coins dominated the market, it was just a momentary hype with no clear end in sight.

Is it suitable to be maintained here?
You know how to move the topic?

Well, they got hyped because of Bitcoin's sudden rise in the past few weeks. I mean in times when Bitcoin goes up in price, so do altcoins, but not instantly. Don't look at meme coins too high. You might lose your money investing in it. :P

Eh? Where did you get this idea? Do you have numbers to back it up? I'm a Bitcoin holder, but I'm not even thinking of selling it just to buy those meme coins especially now that it went up in price already. Any meme coin can challenge Bitcoin's dominance? Are you kidding me? Are you a meme coin maximalist think about that. Ok, I'll just assume that you're a newbie in investing, and meme coins are the first thing that you saw in Coingecko or Coinmarketcap hence, you are posting threads like this. :D Not even Ethereum can challenge Bitcoin's dominance so why think about it with meme coins?

If I were you, I would not look at meme coins that high because TBH, they are very risky to invest in. Maybe those meme coins at the top 100 are considerable, but those below? You can invest still though, but be careful, and most meme coins don't have any use case at all so for me, they are considered useless.

That's a fairly simple question, and the answer is no. Some coins can have some lucky growth due to pumping, speculations or just catching the wave of overall market growth. But challenging Bitcoin is not just about the price increasing significantly and fast. It's mainly about market capitalization, as that's how we measure which coins are at the top. Bitcoin has a capitalization of over $1 trillion, while Pepe is at $2.6 billion. So, to challenge Bitcoin, it would have to grow not by 4x (400%) but by 500x (50000%). I hope that alone shows how unrealistic this is.

There's a phrase we need to introduce into your vocabulary:  'Pump'n'Dump (https://en.wikipedia.org/wiki/Pump_and_dump)'.  

Anyone who has been around for a while can spot these a mile away.  Most meme coins won't exist long enough to challenge anything.  And even if they didn't disappear, they'd still have no network effects, no security (compared to Bitcoin, anyway), no purpose (aside from making the scummy creators wealthy at the expense of gullible idiots who fall for the scam) and no real-world utility.  

To replace Bitcoin? This question is not just thoughtfully asked. Bitcoin and meme coins are not just in the same class, and as we all know meme coins are for the representation and fun of it, so why would something as unserious as that replace Bitcoin? Bitcoin is the number one cryptocurrency and has good relevance due to that, and whatever positive thing you are hearing in the cryptocurrency space, Bitcoin leads it and keeps moving the industry forward. A typical example is the ETF of late. Fine, Bitcoin is heavy, it may not move as hugely as meme coins when it comes to the multiple times it could count the income for the investors' return, but don't also forget that it had done that before when it was still very small in price, so let's give it to it.

Now, Bitcoin may not move in that multiples to deliver the income, but meme coins cannot also reach the huge importance and dominate of Bitcoin, not to mention the huge liquidity of its market capitalizations. Billions are being pumped to Bitcoin as if it were nothing while a few million are being pumped to meme coins. And when it comes to the relevance and what the big guys and institutional investors and traders want to deal with, it's all Bitcoin. So I do not know where the challenge from meme coins is coming from, they are even far from it, you could be talking about Ethereum to make a more valid point even as Ethereum is still far from Bitcoin in terms of dominance and relevance in the industry.

Do you have any data to back this statement of yours? If no, then you shouldn't make things up on your own because I'm pretty sure that a sane investor would never be tempted to move their funds from Bitcoin to a meme coin just because of the short-term profits they can provide because they are not as strong as Bitcoin both fundamentally and technically. If someone thinks this way, they simply have no idea about Bitcoin and the market because someone with enough knowledge would know that Bitcoin is a much better investment despite the fact that some other coins including meme coins might be providing higher profits in the short run.

i never thought someone would ask this. i was thinking of at least an L1 project that could challenge BTC.
if were going to be talking about the number of users using the memecoin, there might be a memecoin that is held by 10x the number of BTC holder after all they are cheaper and those who are in social media are likely to prefer memecoin than BTC because they can afford it than BTC.

so it's not about security or the intrinsic value that is challenged by memecoins but probably the number of users which could be billions.

"Easy come - easy go".

Are there many bitcoin users? Are you sure there are many? I will say that there have always been plenty of idiots (ready to exchange bitcoin for shitcoins.).

Remind us about these meme coins in a year or two. Let's see what happens to them.

Do you really think that short-term hype for this trash-coins will undermine the dominance of bitcoin?

Recently, we've seen a surge in interest in meme coins like Pepe, Dogecoin, and Shiba Inu, leading to sharp increases in their value. However, I believe that Bitcoin will remain the leading cryptocurrency for the foreseeable future. While meme coins may attract attention and create short-term speculative waves, their long-term sustainability and value are questionable. In contrast, Bitcoin has an established history, widespread recognition, and proven reliability as an investment asset and store of value.

Of course not. Memecoins are speculative altcoins, so it's natural few of them deliver high positive volatility on short run, especially taking into consideration the moment of crypto market we are currently living. At same time, it doesn't mean they have potential to overcome Bitcoin dominance.

While Bitcoin keeps rising on long run, always achieving new ATHs each new cycle, these memecoins hypes tend to last only for a single cycle. Once it's over, it's over forever, so what speculators do is to find a new memecoin to boost on the next bull run. And they keep doing this in a continuous process similar to Ponzi schemes, where early investors make money, while late investors lose.

The fact many investors' eyes shine with greediness for such massive increasements in price like 400%, lead these people into believing random altcoins can overcome Bitcoin inside crypto market, although there isn't any solid bases for that happening.

Any other coins apart from Bitcoin is a copycats and cannot be trusted. Some altcoins have lasted for a very long time and also enjoyed some level of stability, but it doesn't make them Bitcoin competitors. Have you ever considered the risk involved in buying meme coins? Many unlucky people have lost money investing in these shitcoins. It is better to buy a coin that you are sure will stand the test of time and Bitcoin has shown to be that cryptocurrency. Many people who invest in Bitcoin are not just interested in profit making but other benefits that it offers. Therefore I don't think these altcoins will ever challenge Bitcoin's dominance. It is important to be cautious when investing in all these shitcoins because you stand a high chance of losing your money.

In all honesty, I don't think any meme coin or token will surpass the popularity or dominance of bitcoin. Meme projects are mostly driven by hype. Think of their actual use case or foundation and you will understand why most of them are short-lived. Because let us admit the fact that most of them are created for the enrichment of their own devs, nothing more.


I don't think anyone can get the statistics on this particular subject. Maybe, you can feel that a lot of people are into meme because they are loud in social media channels. But we can never be sure also about the figures of btc holders. So yeah, we can't conclude on this matter.

Scrypt due to the Bitmain L7 miner is legit.

and in the long run should do well.

just merge mine LTC and DOGE.

I wish I was born in 1997 not 1957 I would simply merge mine LTC + DOGE

I would hold for long term gains until I was 50 around the year 2047.

The true visionary can look at BTC with its 6 blocks per hour and scrypt with 12 LTC and 60 Doge blocks per hour and realize scrypt can carry more transactions.

This is a 20-30 year play but pretty much certain to make solid profit.

I prefer those BTC holders an idiot who will sell their BTC just to buy Memecoins, and you are talking about the dominance of Memecoin, I suggest you to check the value of each meme coins, you will see in the top 20 losers in the 24 hours there are more meme coins than other coins. Why is that? because the money is flowing from such useless tokens to more liquidity tokens and coins.

Therefore the value of these meme coins is decreasing but of course, that's not permanent and they will be corrected after some time, but specifically talking about BTC holders, they should not invest in meme coins by selling their BTC holdings, even if the returns in meme coins is higher then the BTC itself. I consider investing in meme coins almost equal to gambling because in most of cases, we don't know where it will go, as the price valuation of meme coins is so unpredictable.

In short, no memecoin has the ability to cross the BTC dominance, do you know what the BTC dominance is?

I agree that the meme coin surge is just because of bitcoin pumping. It has been noticed that, after a while, the price of meme coins will drop dramatically. Holders or traders of those meme coins are just using them to earn; they don't care what will happen next to their market, unlike in bitcoin. As the preparation of bitcoin is in process for the most-awaited bull run, the price of it is pumping, and even though it's close to its ATH, you will notice that almost no one is selling as they believe that the price of bitcoin might double in the bull run. So unlike bitcoin, those meme coins are super risky to invest in. Truly, you could earn from them, but if you buy in the right position and sell first when they reach their peak price, I don't disregard meme coins as I also have holdings on them and am earning, but I will never sell my bitcoin holdings just to invest them in other meme coins.

What do you mean by challenging bitcoin dominance? If by that you mean a meme coin gaining a market cap higher than bitcoin and becoming the new dominant coin on the market then this is not possible at all, look, we can take a look at the charts and see the movements of some of those meme coins, but those movements are fueled only by speculation, and as soon as the movement is over those coins will crash by 90% or even disappear completely, while bitcoin will remain as bitcoin has a legitimate use case.

Meme coins should not be seen as a serious investment. They have greater volatility which can lead people to believe they are more profitable than holding Bitcoin, when they see Shiba, Doge, and Pepe pumping hundreds of percentage points. These pumps are short term and quickly disappear, leaving many users with significant losses.

Memecoins were some of the biggest losers after today’s price correction, most of them going down 20% or more. This effect is even more pronounced during bear markets when memecoins have bigger losses and lesser gains.

Using Dogecoin as an example because it is the most known and established memecoin, despite going up 104% against the USD over the past year, it is still down -27% against BTC over the same period.

Currently Bitcoin market cap is $1,2 Trillion, while the current all meme coins market cap is $54,3 Billion (https://www.coingecko.com/en/categories/meme-token). Bitcoin, an one coin have 22 times higher than the whole meme coins in terms of market cap.

In order to challenge Bitcoin, meme coins needs:
1. To be accepted as legal tender.
2. To be accepted as ETFs.
3. Can survive in any situations e.g. bear market, crisis, recession etc.

Unfortunately I don't see meme coins even have one of them.

The only coin or token that came marginally close to flipping bitcoins market cap was ETH. This was in 2017 during the Segwit debate and ETH was gaining while BTC was declining and if I recall it came maybe a few %s away from flipping but never did.

Can some meme coins top bitcoin? Sure it’s possible but it won’t hold that market cap for long. Only way I can see this happening is maybe if some entity owns 99.9% of the supply and artificially inflates the price while never actually selling a signal token.

So it’s possible but not likely.

Even without any utility, they are performing better than bitcoin. As an investor, will you not consider returns while making a choice between which crypto to invest ? The fact that they are rising so fast in comparison to bitcoin is an indication that there is more demand for mem coins in comparison to bitcoin.

Crypto world is very unpredictable. I would not be surprised if some new altcoin replaces bitcoin as the number one coin in terms of market cap in future.

Before there were meme coins, Bitcoin was created first, because Bitcoin is the heart of all Altcoins which were created to make it easier for everyone to own crypto. So in my opinion no one wants to move their funds from Bitcoin to meme coin just to make a profit, this is the stupidest thing if anyone does something like this. Meme coins are cursed coins that will never be able to provide big profits in the future, the increase in meme coins this year is just a trend that has occurred in the last few years, after that they will definitely be thrown away like trash. So in essence there will be no coin that can dominate other than Bitcoin and only Bitcoin has a future that looks promising from year to year.

It's easier for a memecoin with 100 million USD market cap to reach 10 billion USD market cap and increase it's price 100x.
Bitcoin has a big market cap and it's impossible increase it's price 10x. The only value of a memecoin/altcoin/shitcoin is the ability to pump & dump and make absurd price growths. Does that mean that memecoins could challenge Bitcoin's dominance? Absolutely not. Bitcoin will always remain the king of crypto, centralized shitcoins/memecoins just come and go, while Bitcoin will stay. Can you imagine a memecoin dominating the entire crypto industry? That would be a total nonsense.

Probably not when it comes to dominating Bitcoin because they were just too far when compared to market cap so probably not going to happen even for some famous meme tokens in the market. But when it comes to making profit this meme tokens are for sure have a higher return even when compared to Bitcoin,Ethereum and other famous altcoins out there, because of its high volume supply and low market value, you could easily buy a huge volume of this token in the market which means you could easily multiple your investment on it easily, but for sure comes with a drawback as well because of the volatility it could easily pullback its market price.

https://i.postimg.cc/nc0cdsp3/Screenshot-2024-03-06-161841.jpg
Meme Tokens  (https://coinmarketcap.com/view/memes/)

Still, the return of these meme tokens is really high on a 7-day average up to 300% of return which is x3 of your investment, your not really going to get that on Bitcoin even though it reaches 100k$ probably if you're going on a leveraged trade you could.

I think meme tokens are really great when it comes to quick profit, its kinda risky but with the control amount of investment you could make a quick bucks of it, still it doesnt have some kind of utility so I would still avoid it on long term investments.

Nope it can't challenge the dominance of bitcoin since people know especially those long stay on cryptocurrency scene that meme coins is just a pump and dump scheme.

Maybe for now Pepe and other meme coins got the spot light because they are been hype again but for sure once correction for the said coins and hype are done with it for sure the demands will subside then majority will go to bitcoin knowing that this is the top choice of people especially for their long term investment.

Bitcoin is strong currency and widely adopted so expect that meme coin will not surpass bitcoin since we know Bitcoin is at the top of the chain.

Pepe? Doge? Shiba?
Oh man. Almost all altcoins are just market players that rely on smart contracts from large altcoins. Big admired altcoins also cannot be competitors to Bitcoin.
I think minds like yours should not compare it with Bitcoin when looking at market dominance. When big altcoins can't compete with Bitcoin, then meme coins that rely on smart contracts have found the answer.

Coin memes are only fleeting and will become trash someday. People who keep coin memes will see coin memes as dirt in their wallets because they are no longer valuable.

No and never, If any coins could be then It would be Ethereum but despite of so much demand Ethereum has still 18% dominance and Bitcoin have 52% so one can easily understand the difference. The problem with meme coins is that these coins last for very short time and only those crypto whales buying which already entered in crypto. These Investors sell their extra coins to buy meme coins and after short profit or loss again convert it to potential coins.

Another problem with meme coins is large number of meme coins available in the market while BTC is only coin.  Currently more than 10 meme coins are most famous including Pepe,Floki,Lunc(now acting as a meme coin) , Shiba and some more. Everyone who invested in these coins are expecting his coins to pump so the total amount of fund will be distributed among many coins while btc investor will look for only one coins. Adoption also play an important rule in gaining dominance.

I don't know if you are only Shilling for Memecoins or you are not browsing the whole market
but only meme coins because if you do I don't think that you will ever have the guts asking this here

https://coinmarketcap.com/

Look how bitcoin is dominating the whole capitalization with 52% of the totality , then tell us
even if you  combined all the memecoins that exist in the market , are they enough to challenge
Bitcoin dominance?

If I'm not mistaken, the price value of Pepe coin increased by 800% in the market, in just 1 week Pepe coin did this. So it means that if it continues, it is possible that it will surpass the price value that SHIB currently has. And I won't be surprised by that.

Also, this is another Pepe coin, it's the first time it can keep up with the upcoming bull season and halving. And I don't deny that I have holdings in this Pepe and I also have a price target to sell the pepe coin I hold and once I reach my price target I will sell it immediately because I can buy a dream house that I want and small business.

No one can replace bitcoin's dominance, but how many people participate in this market for convenience, technology or more than 90% just for money? That's why the cryptocurrency market has existed for 14 years but every time bull season comes, memecoins are still the most mentioned name. And over the past 14 years, memecoin or altcoin has always become the focus when the bull season comes even when many people predict memecoin is dead.

But there is no denying that in the long run bitcoin will be the best and safest choice. Therefore, when it comes to crypto investment, no one is right or wrong, it depends on each person's preferences. For those who are greedy and adventurous, memecoin is the choice. But for those who don't want to take risks and choose to go slow, bitcoin is the choice.

Firstly, they are not performing better than Bitcoin.
Secondly, I consider returns as an investor, but top of my list is asset security, I wouldn't comfortably hold a coin a thojt utility for years. I would only trade them over a short period of time.

They would need to last long enough to attempt that.

When talking about the high increase of up to hundreds of percent that occurred in memecoins, there are actually many shitcoins that also did the same thing even though they were only just listed on Dex. But if you talk about the flow of money in and out of crypto trading, for example, after BTC goes sideways, there is always a flow of money going into altcoin projects and for example memecoins. But none of that changes and affects the dominance that Bitcoin has. it's just money flowing in from traders who have finished trading in btc. And usually they start targeting several altcoins to be used as speculation toys for them. The pumps that have occurred recently are also just an increase that will fall again quickly at any time. so be careful. I'd rather avoid all that.

Recently, meme coins have experienced a high price increase and of course this increase has made many people become fomo and in the end people are busy buying meme coins and it cannot be denied that many people are lucky to invest in meme coins, but of course there are also many people who suffered huge losses as a result of investing in meme coins.

but in my opinion bitcoin is still a more valuable asset than meme coin because bitcoin certainly has good future potential because if bitcoin didn't exist altcoin wouldn't exist and actually investing in altcoins in my opinion is full of speculation. and I feel and experience investing in altcoins is full of uncertainty but bitcoin certainly has a bright future and the current increase in bitcoin prices proves that bitcoin is a good asset.

While Altcoins have great potential, they will not rise if Bitcoin does not rise, so it is clear that the key to crypto is in Bitcoin and of course no one will be able to beat Bitcoin because Bitcoin's supply is limited and there are many other advantages that Bitcoin has.

If you say that bitcoin is the best asset, the safest investment on the market then I really couldn't agree more. But investing in memes depends not only on luck but also on each person's experience and knowledge. If you pay attention, every bull season has the presence of a certain memecoin name that makes a difference. And if someone is confident about their search abilities, they can spend some time and capital on them.

I don't invest too much in memes but last year I invested a small amount in Shib and Pepe. Currently, the value of those 2 meme codes has brought me a profit of 3 to 7 times the initial capital. If this were bear season, I would definitely sell them for bitcoin but we are in bull season, I believe they will be even crazier.

You are right, they are not valuable assets like bitcoin, they are used for speculation, but speculating in them for profit and long-term reinvestment in bitcoin is not a bad idea.

I don't believe with any meme coin/meme token. I don't think meme coin have ability to compete with bitcoin and other major coin.

Actually there are many coin which have good ability and sometimes offer good business ecosystem rather than meme coin but their growth and marketcap so low than meme.

It's bit unfair but that's the reality. Why some developer abandon their project or seems like not care with their coin price? (In this case coin with good ability )

Please interpret it in a right way.

There is only one Bitcoin in cryptocurrency market and there are many altcoins, more with years. In quantity, altcoins dominate Bitcoin but do you see a fact that Bitcoin still dominates cryptocurrency market?

It shows Bitcoin power, strength and dominance in marketcap. Developers can create many altcoins and they are more actively with creating new altcoins in bull market. In a bear market, those altcoins will die, most of them will die and you can see this fact with Bitcoin dominance increases in past bear markets.

https://coinmarketcap.com/charts/

Meme coins are built for hypes which is why in terms of price increases especially during bull season, we can see them such high. However, it was not how we measured the credibility of the project as it is all about the usability of the project. Meme coins just got wild short-term but Bitcoin continuously growing slowly and consistently.

Whether you like it or not OP, we can never change the stand of people as surely they will consider Bitcoin still dominating the market even though meme coins had pumped more than Bitcoin.

I would confidently say impossible, meme coin doesn't even reach the top of Altcoins, there are a lot of Altcoin that actually usefull and offer widely benefitting use-case while meme coin doesn't have anything to offer except their hype. Their price is just relying on supportive community, no one actually needs them, they just buy it for 'fun'. How long do you think those kind of scheme would last?

Why would the investors or traders care about the market of the meme coins, they are here for profits, and once they make some why would they not sell their funds in order to book the profit in a pegged stable currency. In crypto no one cares about the project, but a few people only, mainly the ones who appreciate the use case that the platform is proposing. But in terms of Memecoins, we are getting no usecase so it eliminates this option as well. Memecoins were already going down as not only them, but all other alts as well, due to the downtrend in BTC price.
You are right I also did not sold but its not that I want to hold, its just I was a little lazy and did not set any limit orders to book the profit even I knew after making new ATH BTC price will take corrections. Well, Those who sold they were planning to buy again at lower price tag and those who holded are the ones, have plans to hold for the next Bull Run. Thanks for your valuable review as I don't trade in meme coins, due to there nature I consider them gambling/risky trade. I am glad you made profits in memecoins, but I assume you must have bought them in when the price of BTC were around $25k-$35k Am I right?

Being tempted to invest in AltCoins or the Memecoin because of its current pump is not encouraging because the Possibilities of this pump in Meme Coins is by chance probably by the speculations influences and so, it's also flexible with a very high potential to drop having you the mockery of your life.
There's no way a Memecoin can dare challenge with bitcoin, what's the Coins volatility capacity to increments of not imitating bitcoin?
I don't know about the future but for now, there's no cryptocurrencies that's promised to dare bitcoin in the main time hence bitcoins is the King of Cryptocurrencies.
Again, whosoever bitcoin Investors that is attracted to pull out and Invest on the so meme Coins is either not a good analyst to understand the potentials of cryptocurrencies and must be a greedy Investors that is ready to gamble with his assets. Esle the reputability of bitcoin can never be overshadowed by any other cryptocurrencies.

One thing to remember is that all altcoins are increasing in price when bitcoin increase and bull run gets nearer so it does not mean that Meme coins will increase so higher than it will leave behind bitcoin. It is not possible for any altcoin to challenge bitcoin dominance because their own dominance is due to bitcoin.

The upward movement of meme coins are just because of Bull run and again it will reduces to its own lower value or will loss their value forever but the value of bitcoin remains higher even after Bull season. So I don't think that any meme coin can even challenge bitcoin as without bitcoin the success of meme coins are not possible.

Look, I get it, seeing Pepe skyrocket 400% is tempting. Who wouldn't want that kind of return? But meme coins are super volatile, meaning their value can jump or drop faster than you can say FOMO. It's like riding a roller coaster blindfolded – exciting, but maybe not the best idea for everyone.

On the other hand, Bitcoin is the OG of crypto. It's like the established brand with a proven track record. While it might not experience those crazy highs of meme coins, it's generally considered a safer bet for the long run. Think of it as gold 2.0 – a safe haven for your crypto stash.

Ultimately, the choice is yours, my friend. Just remember to do your research, understand the risks involved, and only invest what you can afford to lose. You can even mix things up like having a little bit of both in your portfolio. It's like having a diversified investment strategy – you get a taste of the excitement without putting all your eggs in one basket.

Why do you think so, and where did you get this idea, OP?
    Bitcoin is a decentralized basic currency that is immutable, highly secure, market-dominant, and technologically strong, leading the cryptocurrency industry forward.
    On the other hand, memecoins are short-term, volatile, speculative altcoins, as a result of which these coins offer some short-term high positive volatility. But that doesn't mean they have any chance of overcoming Bitcoin's dominance. No meme coin will ever challenge Bitcoin's supremacy.
  We should note that BTC can never be compared to other cryptos. Bitcoin has been dominant in the past and will continue to lead the popular and top local cryptocurrencies in the near future.

Nope! Never! Memecoins are called memecoins for a reason. They have zero utility and usually a kid sitting at their home computer running from the background. That kid is most likely to pull out when the price of that coin reaches a certain level.

Bitcoin is the king because of it's global community strength. Unless some other coin can build such network, there's no way it can challenge the dominance of Bitcoin.

I highly doubt. Memecoins are indeed creating a noise recently due to massive price increase and recovery but isn't all those instances are caused by Bitcoin's new all time high market price? Basically, they just follow Bitcoin's trend which makes it impossible for memecoins to at least have its dominance in this industry. Fiest of all, it has no specific usage or utility which could sustain its market value for a long period of just like with 'established' coins in the market. Memecoin has a more volatile market price than with Bitcoin, feel free to check the price chart for yourself. There is a reason for thaf volatility and it could only be manipulation or general market trend but will not be dominance caused by memetokens itself. These tokens are also more recent than with Bitcoin and it also makes sense to say that dominance will not be achieved in a short period of time. There are many altcoins which are more acknowledged by investors than with memecoins, but no single coin have matched Bitcoin's dominance.

I’m not in doubt that someday bitcoin could be surpassed by another coin but just looking  at our present market, I don’t think any coin has the capacity or the potential to fight against bitcoin.

Especially meme coins wherein they were mostly created as some sort of joke. Those coins do not really have any utility which makes it harder for these coins to catch up to what bitcoin has already done,

Reliable atcoins like Ethereum can't even be compared with bitcoin talk much of meme coin . If no bitcoin i don't think their will be other cryptocurrencies.  The idea of bitcoin is the reason for other cryptocurrencies, the reason why their are other cryptocurrencies is because they are are trying to be like Bitcoin. Bitcoin remains the king of cryptocurrencies and no other cryptocurrencies can be compared to bitcoin because it remains the best in all aspects.

A great fact you have shared while it was so obvious to us (as it was in front of us). Well, to admin I must say, the US is trying to create the same type of influence over the BTC and crypto market as China once has built. But I don't think the US will manipulate the market the way China has manipulated it (I am talking about the bans they have imposed so many times). I think US is smarter then them (no Offense) but the US is already taking advantage of the situation and a plus point that will make them a hell lot of money is via BTC spot ETFs.

This not only allows them to make money but also increases the BTC price, and thus the seizure amounts also increase. As the frankly said Japanese hold more funds then US, but still they don't have the same level of influence over the BTC market as US have. The US is always a step ahead. Even though they own %1 BTC in seizure while they are not the one with most of the BTC in holding, still made steps that have made them the next China. The point is, its don't matter how much is in seizure, the thing that matter, is in whose ownership they are!

This is the main question that should be put up in mind on what these memecoins do bring when it comes to utility? We do know that these are just using those L1's chain.
There's nothing been offered but we cant be able to ignore if we do talk about community driven. It  could really shoot up into those 100-1000x easily and this is why i cant blame up OP
on why he would be having these kind of thoughts in mind that it would really be able to replaced Bitcoin when it comes to dominance. lol

It would really be just that good for temporary but not for long term. We've seen SHIB for example on who far it did able to reach out but when it comes to
ranking then it cant be possible that it would be able to beat up even into those altcoins L1's out there. There's no way on kicking BTC's ass on top 1 rank.

This section is for Bitcoin Discussion while you've mentioned meme coins, I'd believe that this thread belongs to the Altcoin Discussion.

How can you be sure with that? I am not even tempted to jump into the bandwagon of meme coins with my Bitcoin.

Nope.

It's unlikely to happen as these meme coins are more with the hype and that's why you can see that it's always Bitcoin consistently have the most dominance in the market.

Don't get it wrong OP nor get confused about the dominating power of Bitcoin in the crypto market. We don't base on the price to determine which one is dominating or top in the market but we base it on their function and role. Have we seen meme coins helping the community and giving functions? It was just the hype, nothing else but guess what, it was just in a short period because, after that, they will drop.

 - it is too far to compare meme coins to Bitcoin especially when we are talking about dominance. Let us just accept the fact that meme coins are just good during bull season while Bitcoin is good all the time.

Meme is just a pump-dump game. To challenge Bitcoin dominance, memes aren't enough anyway. Sometimes, altcoin market dominance would challenge Bitcoin, as we have seen. Meme offers nothing except a pump dump. A few people make a lot of money from Meme, and on the other hand, a lot of people lose money there as well. What drive do you think Meme could use to challenge Bitcoin dominance? Is that just for meme pricing? 

I don't think we can discuss about meme coin's capacity or capability against bitcoin dominance, because first of all meme coin doesn't have real use case or utility, so how do we expect these popular meme coin can overtake bitcoin's dominance. Not even ETH comes closer to bitcoin's dominance. Just because it rose for that high percentage doesn't mean it can dominate the market, that's not just the basis of a particular coin's market dominance, there a lot to consider. Bitcoin is one of the primary basis on most of the altcoin's value in the market, that alone separates distantly most of the project/coins from bitcoin.

Meme coins become wilder when Bitcoin is bullish, meme coins are great in terms of profits if we have the right meme coins, but in the long run most of them will not work and even turn into scams. And indeed meme coins can generate big profits if you buy and dispose of them at the right time, otherwise your profits will be lost and it will be difficult to repeat it a second time.
Bitcoin is the best coin and also very safe and comfortable in this industry because Bitcoin continues to grow and develop which will always be the best choice to invest in terms of profits especially for the long term. And if it weren't for Bitcoin, all the coins and meme coins would be useless, so whatever the reason and in whatever case, there would be nothing to match it.

The popularity of meme coins won't last a long time. Most people only want to invest in meme coins when they are hyped only. You can see how the prices of most meme coins to drop drastically after the bullrun season in 2021. Even, people seem already forget about meme coins during the bearish season in 2022-2023. If Pepe, Doge, and SHIB can increase again massively, it is because of the impacts of the hype in Bitcoin trend. If there is no halving in this year and the price of Bitcoin won't increase much, I doubt there will be a massive increase again in meme coins.

There is no chance of meme coins to challenge Bitcoin dominance. Even Ethereum can't challenge the dominance of Bitcoin now. Meme coins are weak coins, they have no fundamentals to keep challenging Bitcoin. So, it is very doubtful if you assume meme coins to challenge Bitcoin. What the advantages do meme coins have to challenge the dominance of Bitcoin?  ???

The meme coin is just a lucky tweak. Users can get an opportunity to enjoy the best if not, the funds can vanish. In the present market situation, it is possible to see the majority of the coins on a bullish trend following the move of bitcoin. This trend will continue till the market reaches the ATH value, which isn't known and has various predictions. Soon after that, there will be a market correction, following which we'll be able to see market progress with altcoins. It is the time when we were able to watch the real progress of meme coins.

There's not much I want to say about meme coins - it's a craze that won't last much longer until exchanges remove them from trading. Look at how many meme coins are created all the time - they only target quick profits without having a use case. If you are lulled by meme coins - make sure you have considered all the risks, but meme coins will not dominate bitcoin as king.

Bitcoin is still bitcoin - it will continue to dominate the market with all its advantages. There are many innovations that can be exploited - in fact I truly believe that over time bitcoin will continue to gain legality as a legal currency in various countries. So what do you expect from meme coin apart from just the potential for quick riches?

Yes, I agree, of course investing in meme coins is fine, but before investing in meme coins, knowledge must come first and if are in class you I'm sure your skills in crypto will definitely be many and your knowledge will certainly be extensive so you can be lucky investing in coins. memes and you're in at the right time. but yes, I also like investing in meme coins, but sometimes it works, sometimes no because my knowledge is not extensive, but I also made a profit in Pepe coin, but unfortunately I only bought a little at that time. but yes, we only rely on speculation in investing in meme coins, but of course it depends on our luck and how broad our insight is.

but yes, of course bitcoin is the best and cannot be compared with any altcoin because bitcoin is the king of crypto. and for our simple example, if we look at the market or for example we want to buy altcoins, of course we will first look at the price of bitcoin and the movement of bitcoin so that bitcoin is the best crypto asset.

They don't have any utility if I recall correctly and they've got a lot of coin supply in circulation so it's going to be really difficult in my opinion to be dominating against bitcoin, sure they can increase their price here and there and they do get some headlines here and there too but if you think about it, they're not really keeping up the pace, most of them are stabilizing after some level of pumping but that's about it. I don't think it will ever eclipse bitcoin though, I just like to think of meme coins as the crazy brother of bitcoin and that they don't really meet eye to eye but they definitely stay away from each other's business.

I think it's only temporary going in and besides that it also takes a little luck to find an altcoin that will give us a 100x profit in just the near future. If someone actually throws away BTC to buy coins, they only take some of the remaining profits from selling BTC and what is usually learned is to continue observing and where the market hype is going.

Of course, most shitcoins are a pump and dump that will give us 100x profits, but they also have high risks. Our investment could suffer losses if a rugpull occurs. It is better to choose investments whose growth increases steadily as proof that demand is created by correct fundamentals.

This will never happen. Bitcoin will still be the dominant currency with the largest capitalization. To change the dominance of Bitcoin, I think that only Ethereum is the only Altcoin capable of doing this when the capitalization is 1/3 of Bitcoin. However, no matter how many cycles, Bitcoin's capitalization still completely overwhelms Ethereum and the rest, let alone meme coins. Although looking at the growth of meme coins, it is extremely large, but when calculating its marketcap, it is only a very small part compared to Bitcoin (for example, Pepe's capitalization is 2.7 billion USD compared to Bitcoin's 1296 billion), how can it challenge Bitcoin's dominance? You have to look at capitalization, not at growth percentage and think that some Altcoins will surpass Bitcoin. That's almost impossible because money always flows from Bitcoin to the rest, so Bitcoin's capitalization always grows before the rest.

No any coin can outrun Bitcoin when it comes to dominating the market. Memecoins are popularly known for their pump giving those who invested earlier huge profits but we can't compare it's utility with Bitcoin. I can't say for the fact memecoins are the best but certainly they have the capacity of giving better profits than expected.

Just like how someone describes a blade of grass and an entire forest, maybe some people like to hype messages or HYPE creations. But anything compared to bitcoin in the crypto space seems to be revealing the fact that they are inferior so we have to rely on and pursue.
Maybe this is a topic for bitcoin, so I don't want to talk much about memecoin, but one thing I think dreamers will do later is compare memecoin vs gold.  ;D

Not always but often enough. Have seen it countless times on media, youtube, reddit and so on. A meme coin gets hyped for absolutely nothing and once it gets released it gets dumped real quick.
Of course there are the doge, shiba and so on projects that for some reason stay kinda strong and prevail but of course these are a total exception as we all know.

Needless to say that these coins will NEVER be able to challenge something like bitcoin in the slightest.

Meme coins like Pepe, Dogecoin and Shiba Inu had a crazy week and some Bitcoiners might be tempted to jump ship for those quick profits. Bitcoin's been around, widely accepted and seen as a digital gold standard. Meme coins are flashy but Bitcoin's got that history and stability. It's like comparing a wild ride to a steady cruise. While meme coins make waves, Bitcoin's still the big ship in the crypto sea, weathering storms and all. The landscape shifts but Bitcoin's got that lasting power

Have you also consider their chart and speculate well on how they have also massively fell than expected, we have to know this, that for the fact that this coins or memes are rinsing more faster than bitcoin is not a means of them gaining dominance, they are still far away from the height where bitcoin has attained, the way they are fast rising also they fall down brutally, you can discover more on that from their price charts, they posses more and higher risk because of their high volatility.

LOL. This is the effect shown by the increase in bitcoin prices so that several meme coins have experienced quite significant increases. Some people want to make short-term profits on meme coins but not everyone tries to move their funds to coins like this in the long term. I don't know where you got the reference that currently many bitcoin users are trying to move funds to meme coins because as far as I know, bitcoin investors don't like getting involved in meme coins.

There is no capacity for meme coins to challenge bitcoin's dominance because it is precisely the bitcoin effect that makes them rise. As far as I can see there has not been and probably will never be an opportunity for meme coins to oppose bitcoin at any time, because bitcoin's strength depends on itself not being influenced by other people in determining its direction of travel.

Challenge Bitcoin's dominance? Never. It took decades to create Bitcoin, a revolution. Meme coins? Short-lived fascination. They spike and glitter, but where's the foundation? They lack Bitcoin's trust and track record. Trust takes time to change, whether from gold to Bitcoin to Pepe or Dogecoin.

Think about it: Bitcoin's stability is unrivaled in investment, not just the increase. Tempted by meme growth may as well be blown by the wind: losing direction and confidence. With its strong community, technological foundation, and unmatched security, Bitcoin is a belief system, not just an asset. Those seeking value beyond the tangible, which meme coins lack, consciously switched from gold to Bitcoin.

There’s really a lot of crypto traders jump in meme coin recently since most altcoins and Bitcoin already reach the known peak. Meme coin grow on an insane level for a short period of time but correct harder too in short term.

There’s no way a token like this can rival Bitcoin dominance that is short term pump and dump. Even if we add the marketcap of meme coin in the market there’s no way for a token like this without any real utility can have the dominance like Bitcoin with a solid fundamentals. Besides token needs to have a sustainability in terms of price just to get the majority of the dominance.

Seeing from the percentages obtained, there are many meme coins out there that exceed bitcoin, maybe there are also meme coins that reach 1000% increase in a short time.

Meme coins are a joke, they are completely useless, people who buy them just hope to make some quick money dumping them on someone else. I can see some altcoins like ETH partially challenging BTC's dominance, just partially, but meme coins absolutely not, it'll never happen.

You have to compare the fundamentals of Bitcoin to the fundamentals of PEPE and you'll find that there are too many reasons to stick with Bitcoin and avoid pepe. Bitcoin has strong fundamentals, it's the most popular currency with the highest marketcap, is decentralized, p2p payment solution, cryptographic, you can store it in your software and hardware wallet, basically you are the bank. Pepe is a coin that has no fundamentals and is 100% a hype-based project. People buy pepe because it's a meme coin and people love speculation with meme coins. It's a very risky coin, you have to be lucky, you risk a lot when you buy it.

I've been around the tech world for a long time. I've heard this same exact form of a question many times:

1980: Does any other computer architecture have the ability to challenge the IBM mainframe?

1985: Does any other database architecture have the ability to challenge hierarchical key-based data stores*?

1990: Do Unix-derived operating systems have the ability to challenge proprietary operating systems?

1992: Do PCs have the ability to challenge terminals for dominance in the enterprise?

1995: Does the Internet have the ability to challenge internal networks for dominance?

1998: Does Google have the ability to challenge Yahoo dominance.

I could go on and on. In every one of these situations people thought these technologies would dominate FOREVER AND EVER.

I remember telling an audience in about 1997 that one day Microsoft would no longer be the dominant player computing. People almost got violent when I suggested this. The idea that Microsoft would one day not be the dominant player was absolutely unthinkable for many years--until it wasn't.

Technology changes, people. And it changes fast.

As for the current state of Bitcoin, it's important to understand that in actual reality, Bitcoin is just another meme coin, it just so happens to be the most popular one right now.

Right now.




(* That's what they used before RDBMSs/SQL for you young ones :) ).

It's just a mere coincidence and I'm sure they are not consistent with that since they only make some actions when crypto is on the headlines once again because of the upcoming bitcoin halvings. they don't want to miss out so they take some courage to do some actions to divert the investor's attention to their meme coins and this is something we need to know when they do such thing, they have their own get away plan which we won't be getting in and that's their way to dump their coins once they see the price is keep rising through new investors money, that's why you need to be a real risk taker if you want to buy those meme coins at this time around.

Honestly that was a terrible analogy. All it says is you don't know much about Bitcoin. Really you should educate yourself on what Bitcoin is. If you think it is no different than meme coins you reallyyyyyyyyyy don't know what you're talking about. Bitcoin and meme coins are nothing at all like those examples you gave. Like seriously, learn about Bitcoin before you try to make this sort of claim.

I don't know how you got to the point where you think Bitcoin is a meme coin and there is no difference between them, but someone led you very astray. You're spitting pure misinformation in your post. This is the kind of advice that makes people lose money haha, when altcoin shills convince people to buy some random useless meme coin instead of Bitcoin, claiming that some random useless meme coin is just as good as Bitcoin lol. It's a zero knowledge argument.

I know Bitcoin quite well. I know the architecture, and I know a fair bit about the implementation. I would probably be qualified to be a core dev with a little bit of ramp-up, for instance.

What, specifically, am I missing about Bitcoin such that I don't understand that, unlike every other technology that's ever existed in the history of mankind, it is so special that it will never ever be replaced by another technology? That it not staying around until say the year 3036 is an utter impossibility?

To be clear, I am not saying anything related to the market price of Bitcoin, which I personally have absolutely no knowledge of. But the market price and the technology are two completely different things, and in this case aren't even related since there are many other technically equivalent or even superior platforms that have only a fraction of Bitcoin's value. People invest in Bitcoin (as opposed to say ETH) because it's called "Bitcoin" and for no other reason.

I feel as though you're placing a little too much emphasis on the 'technology' aspect.  Technology itself isn't what makes Bitcoin useful.  It's a network.  The value is largely derived from network effects.  The more users it has, the more useful it becomes.  If you made a copy of Bitcoin with the exact same technology, but a network with no users, that clearly doesn't have the same value proposition.  See: every forkcoin.


It's like asking: What will be the next network to challenge 'The Internet'?


It's not something you easily replace just because technology can move forward.  Not least because Bitcoin, like the internet, can likely adapt to incorporate advances in technology.  

So in that analogy, what is Ethereum? There are not thousands of competing products with the Internet, which is not a specific product but rather a concept.

Bitcoin is a very specific product with a technical infrastructure and specific data associated with it. It is one specific thing, not a general concept describing a collection of technologies like the concept, "internet" is.

I can be quite sure the concept of the Internet--computing entities being connected to one another through some kind of network--will be around in 100 years. I cannot be sure that Cisco Routers will still provide its backbone, or even if the very notion if a "backbone" would even still apply in the year 2124.

I can be pretty sure that digital currency will be what we use in the year 2124 for everyday transactions, but specifically Bitcoin--or anything else that exists today?--who knows.

It is erroneous to compare Bitcoin with memecoins. Even ETH the second highest marketcap coin doesn't come close in comparison. Bitcoin is a utility coin that can be likened to a fine wine that's getting better over the years. Memecoins on the other hand are pump and dump tokens with no use cases and they'll fade away in time. A crypto enthusiast who has been around in the space for a long time will never be carried away by memecoins' hype and will stay away from them.

Quick one
Have you checked the performance of those coins you mentioned ?
And have you also checked that of bitcoin?
BITCOIN remains the KING
if I’m to buy any alt coin then it should be ethereum or maybe BNB and over the time, most of these meme and shit coins are met to be pump and dump project coins and imagine you buying these coins at 200 pump price and it got to 400 just for you to wake up and it’s at nothing 🥺 that’s how shit coins work and I’m sure you wouldn’t want to take those risk.
Anyone wanting to invest should be aware of the risk and I’m sure it has its own market and there are people who are very smart with these coins but that doesn’t mean they don’t feel the heat at any slightest mistake.

I don't think anybody really believes that bitcoin will never ever become obsolete, since it's only technology and technology gets old. Keep in mind though that many technologies survived for centuries by being upgraded. A good example of this is the combustion engine that we used in the 20s and are still using 100 years later. Some technologies were forgotten very fast, like the fax machine, or an internet modem, but others kept on living for many decades with minor changes, like the good old light bulb.
Meme coins are shitcoins that people use for speculation. Even their holders don't stand behind the product. Most of the people who hold coins like pepe will admit they don't care what the coin represents and hold it only because it might explode 10x and they could sell it and make some real money.

Compare its individual utilities, if you think this pepe coin has outsmarted bitcoin, then expect that a lot of investors will get tempted to invest into this meme coin. But I don’t think any meme coin will break the record of bitcoin as meme coins are known to be hype-based only and eventually lost its own value in the long run. Unlike bitcoin where it has been dominating already for over a decade and until now, it’s still bitcoin that is leading the crypto market and any coin that challenges bitcoin only end up as a failure.

What to expect from meme coins apart from pumps and dumps?
Indeed, in terms of gains and market capitalization, meme coins can sometimes be quite large and that is not surprising because they are filled with the same schemes where pump and dump is always the main weapon to make them look good but to compete with bitcoin is a ridiculous situation.

In any case it will not be possible because in terms of price, usability and feasibility then they are still very far away if they really want to be juxtaposed with bitcoin so in this case it will be an idea that will not be possible if they can compete with bitcoin.

In terms of price alone it can't be compared let alone in other respects even though meme coins are good for utilizing momentum in profit but to say they rival bitcoin is a real impossibility.

Most of the Bitcoin holders are not for trading, and they are probably not there for quick money. Because of that, I don’t think they will feel somehow because they know that Bitcoin price movement is the determinant of altcoin price movement as well. Some of these Bitcoin holders also have altcoins for quick profit.
In the case of dominance in the cryptocurrency ecosystem, I don’t think any coin will come today to pass Bitcoin in terms of everything. We have seen coins like ETH, BNB, SOL, and others that did well some time ago, yet they are behind Bitcoin; therefore, Bitcoin will remain the father of them all in the cryptocurrency ecosystem.

That's exactly what I had said, but others seemed to disagree very strongly.


Software-based technologies move very, very fast because there's no physical limitations.

Regardless, Bitcoin is a specific product and not a general concept. I believe digital currency in some form will be around forever, but Bitcoin is just one possible way of doing that, and blockchain is just one possible architecture as well.


Most people I know only hold Bitcoin because they think it will go up in price. Almost all holders of Bitcoin use a broker or the ETF and don't physically hold their own private key--and probably don't even know what that is.

For most investors in Bitcoin, they are investing in the word, "Bitcoin". Maybe they aren't speculating like those looking for 1000x returns on the next viral meme currency, but they are still just speculators looking to buy low and sell high.

A couple other people already gave you good answers to this. But I'll answer myself.

First off, not sure why you're trying to make it out like I was talking about market price. What I said related to prices is that the kinda of stuff you're saying it the kind of stuff altcoin shills put out to try to convince gullible people to buy random altcoins with no future instead of Bitcoin which is a completely different thing, but you don't seem to understand the difference for some reason.

Honestly I don't know specifically what you are missing in your understanding about Bitcoin. But it is something very deep, very fundamental, if you think there's no difference between Bitcoin and meme coins.

People put out a new meme coin every day, and their entire value is based on having a funny name and funny logo. That's the meme coin value proposition. That is OBVIOUSLY not Bitcoin's value proposition.

DooMAD might be correct in that you are getting too caught up on the "technology". You might be making the mistake of trying to say blockchain A is the same as blockchain B because they are both blockchains. That's like saying Facebook and a dinky little website I just put up online are the same because they are both websites.

And I can assure you, unlike meme coins, where people actually do invest in them because of the name, nobody invests in Bitcoin because it's called "Bitcoin" lol. Just like people don't invest in Apple because they like Apples, or like they don't invest in Google because its got a funny name. People have turned Bitcoin into a trillion+ dollar asset not because of its name (it could be named anything), but because of what it IS. I have no idea why you think people invest in Bitcoin because of its name, and I can't imagine how you came up with that idea, but its obviously wrong. Nobody hears the word Bitcoin and says "I have no idea what that is but with a name like that I've gotta have my money in it!!" haha.

Bitcoin's main advantage is that it was first and it was built with certain principles in mind. This is what makes it different from random useless meme coins built on similar tech. Bitcoin is the most secure network in human history, show me a meme coin that will ever do that. Bitcoin is decentarlized over the whole world, show me a meme coin that will ever do that. Bitcoin is supply capped, immutable, not controlled by anyone. Show me a meme coin that couldn't simply be changed at will by the creators. There's all these different network effects that come from Bitcoin being the first and strictly sticking to the idea of secure, decentralized, immutable, sovereign money. Whether you are talking about meme coins or Ethereum, or any other cryptocurrency, there is nothing else in the world like Bitcoin. It is entirely unique. Will it be unique in these ways forever....I dunno, maybe. But in the past 15 years since Bitcoin was invented, there have been thousands of attempts at making other blockchains and tokens on those blockchains (including the meme coins that you think are the same as Bitcoin) and not a single one of them has come close to these advantages that Bitcoin has. Not even close.


DooMAD mentioned the internet and that's a good example. If I come out with my own network that's just like the internet and I claim this is better than the internet and the internet is old so my thing will take over the internet. You'd consider that absurd right? I would hope so. And for very similar reasons why its absurd to say a meme coin is like Bitcoin and could replace Bitcoin.

I think probably you think the technology is what is important. But its not. The technology was the START of Bitcoin's importance. But if that was the only important thing then Bitcoin would just be another cryptocurrency out of thousands, and nothing special. It's what came after that start, the concepts Bitcoin exemplifies, the network it has built, which makes it unique. The technology can and has been copied over and over and over. And yet, nobody has been able to create anything like Bitcoin. Some cryptos were literally just bitcoin's forked code with a few numbers changed. If it was just the technology those things would be competing with Bitcoin. I guess you could say the INVENTION of the technology was very important, but once it is invented its not unique anymore, so that is not what gives Bitcoin its value to society. It's everything that came after the invention of the technology.

Ask yourself, why is Bitcoin taken seriously while some random let's call it floofyelonmarsdoggie meme coin is not taken seriously. It's the same basic tech, and by your own words you think they are the same thing. Yet Bitcoin is a global currency while floofyelonmarsdoggie or some such thing is a joke crypto scheme. You should be asking yourself what the difference is. It's not because people just looooooove the name Bitcoin sooo much more than floofyelonmarsdoggie. If anything the reality is the opposite, because the only reason people by floofyelonmarsdoggie is BECAUSE of the name. Nobody buys Bitcoin because of its name. So ask yourself why floofyelonmarsdoggie coin is a silly meme coin that nobody cares about but people all over the world talk about Bitcoin as the future money for the world. The answer is in this post of mine, its in the other replies people have given to you. It's something well understand by everyone who understands what Bitcoin is, by everyone who takes Bitcoin seriously and laughs at silly meme coins. It's got nothing at all to do with price or name or technology. Though the long term price allows us to measure the success of each, and the technology is what enables Bitcoin to do such great things in the first place, but those have nothing to do with why Bitcoin is a taken seroiusly as a global currency and no other crypto is, certainly not useless meme coins.

Here's one final hint. If you took away Bitcoin's decentralization, reputation, security, immutability, then and only then would it not necessarily have anything to offer above any other random cryptocurrency. And what are the things that no other cryptocurrency has? - Bitcoin's decentalization, reputation, security, immutability. No meme coin is ever getting Bitcoin's decentralization. No meme coin is ever getting Bitcoin's security. No meme coin is ever getting Bitcoin's immutability (because that relies on it getting decentralized). And without getting all those things, no meme coin is every going to get Bitcoin's reputation, because Bitcoin's reputation is built on all those things.

Bitcion is global money, meme coins are joke tokens for traders to mess around with to try to 10x their money before the next meme coin takes its place.


If somewhere in this long comment you didn't find an answer...then just do your own research buddy. You claim to have a very good technical understanding of Bitcoin. But it seems you have no societal understanding of it - no understanding of what makes Bitcoin special and valuable to society. Like understanding how to build a combustion engine but not having a clue why anyone would want to use one. Or like not understanding the difference in value between an EV and a remote control car - both four-wheeled vehicles that looks the same and run off electricity....but not remotely the same thing, one is immensely useful to society, one is a toy. Bitcoin is the one immensely useful to society, meme coins are the toys for traders.

Bitcoin users or investors that move their into memecoin because of the recent surge in price of memecoin is a naive crypto enthusiasts.
For record, memecoin is the current player ground of BTC whales for quick profit. They dont want to loose their BTC bag, they hold their BTC while they use meme coin as a quick profit making space.

No altcoin not to mention meme coin has the capacity to challenge the dominance of BTC.
Do you think the 51.88% dominance of BTC is a joke?

Meme coins prices won’t be sustainable in the long run. They can gained impressive prices today, but we all know that without real utility case, any coin will not survive in the market. So expect that any meme coin in the market will only be good for today and after that, they’ll suddenly vanish in the market.

If you are a good investor, you will not trust easily meme coins and risk your funds, sticking to bitcoin is the best decision ever, that is if you are thinking for long term goal in the market.

Its a stupid act if you get tempted to invest into meme coins and leave bitcoin investment. Bitcoin has been dominating the market not only because of its high, expensive price but mostly because of its multiple utility cases in the market. Compared to meme coins, they only exist when they’re hyped, and once the hype is gone, they all turned out worthless in the end. They even don’t have real utilities in the market so there is no way to challenge bitcoin or even ethereum in the market. Gone are the days where meme coins can give us exceptional profits, since majority end up only with huge losses that is why if you risk your funds investing in meme coins, that would be your worst decision ever.

Totally not a wise move and it would be always ideal that you should really be giving out that priority on accumulating Bitcoin other than with other coins specially on memes. It is really just that there are people who are really that fond on dealing with meme coins because they do really hope that they could really be able to hit up some nasty profits once it would be able to pumped. Well i couldnt blame them even myself is really that a fond on meme coin investing but of course the priority would really be still accumulating Bitcoin as much as i could on which we know that this is really that much better in terms of long term.

If you do have the money that you could really be able to spare on then you could be always be having that diversification thing on which we are really that tending to scatter out
our investment whether it is on Bitcoin, Some top altcoins and some meme coins as long your budget or capital would be able to allow you then this what matter the most.
Its up to you if you could be able to bare up with the risks involved on having that diversified investments.

I don't know how you would have gotten that impression. I wasn't talking about the market price at all.

Yes, pepe and shiba are giving me quite a profit compared to the initial capital but in my opinion. We should still only invest small amounts of capital and limit investing too much in them, we should not be too greedy or blind when we see immediate profits and sell bitcoin to all in memecoins.
I still maintain the opinion that although memecoins have the potential to bring huge profits, but risks can strike at any time, so you should still only spend 1-3% of your capital on them, the rest let's focus again on bitcoin and altcoins that you see have potential. But don't forget to get rid of all the memes and altcoins when the bear market come because then only bitcoin is the most reliable and safe currency.

Memecoins are not capable of challenging BTC dominance. Bigger and better coins haven't done that yet, questioning that is a bit hilarious.

Not only Pepe, but there are also other meme coins that have increased thousands of times, but can that make them worthy coins to fight Bitcoin's dominance? apparently not. Because even if it rises hundreds of times or even thousands of times, it is still a meme coin which is only based on market speculation and has no real economics to support it. People invest in it just to make a profit, and that's it. Meanwhile, talking about Bitcoin, its potential is much greater than that of meme coins, and its economy is very large, so it will be very difficult for these meme coins which do not have a strong economy to be able to disrupt Bitcoin's dominance.

If there is anything that will challenge Bitcoin, why will it be memecoins? What do memecoins offer? I see memecoin mostly from the angle of entertainment,  I mean something those involved just use to entertain themselves and make themselves feel hyped and pseudo-happy. There is no sustainability in memecoin.

Those who are highly experience and focus on the utility of any coin they put money into only use little fraction of their income for memecoins because they know that the risk in them is multiplied. They can die any day their founders decided that they are satisfied with the money they have made from them. It takes just few of the founders to dump their holding and everything will crash.

This happens to all projects, not just shitcoin or memecoins projects. Luna is also the top project in the 2021 bull season and was highly rated but also became a scam afterwards. Once we have invested in altcoins including memecoins, we need to be clearly aware that they can crash at any time. But we must also admit that the profits they bring are unexpected and the desire of any investor.
Memecoin is rising in price and it is a sign that a bull season is about to begin where newbies will be attracted by 100x or 1000x returns.

As far as I know bitcoin is the king in the crypto market. That's why memecoin can never surpass bitcoin. We all know that meme coins have very low performance and investors will never get the same profits as bitcoin if they jump here. Bitcoin longterm investment is much stronger than any other currency.

ETH, which has a fairly large market capitalization, cannot surpass Bitcoin, so what about memecoins which do not have fundamental strength? Memecoin or other coins have not had the opportunity to break the dominance of Bitcoin prices because their strength depends on other influences. Meanwhile, bitcoin is strong and has a good fundamental level for itself so that bitcoin can position itself as one of the popular coins that is in demand by many people.

I am not dismissing memecoins as a general step towards the development of cryptocurreny but it has nothing to do with dominance. Because memecoins do not have the power to defend themselves and instead they are present and abandoned by investors and developers when they have no long-term prospects.

It was not just the capitalization itself but the utility of the project which meme coins don't have, even other altcoins. Meme coins are an example of a crypto project that exists with no real purpose or commendation. It was just built to hype the crypto market, and it gained attention really, but also, these projects ruined the market as well as we know that a lot of people suffered losses from investing in them.

Indeed, it was noticeable for its current pump but as usual, they will dump afterwards. If we think this will challenge Bitcoin to dominate the market, then the developers must prove that their projects are worthy. Otherwise, people are right that these meme coins are worthless.

Perhaps given more time to consider, I'd have chosen a better analogy, but Internet was the best I could come up with.  

Yes, each digital currency generally has something it specialises in, since Bitcoin can't be a one-size-fits-all platform and can't do everything (At least on the base protocol, anyway.  More specialised functions can conceivably be built on higher layers if needed).  Currently, Ethereum is one of the most accommodating platforms for tokens and smart contracts.  That isn't one of Bitcoin's primary use-cases.  However, of all the myriad networks out there, I'd say it's difficult to argue that anything other than Bitcoin is best equipped for overall longevity.  There's certainly no guarantee that people will still be using Bitcoin in 2124, but it's a far more likely candidate than any other network out there right now.  And it would take something significant for that to change.  If development continues and no major bugs or errors arise, Bitcoin can move with the times, remain technologically relevant, continue to grow the userbase, etc.

In effect, the ball is ours to not drop.  

I can't personally envision any technological advancement, which Bitcoin couldn't adopt itself, that could lead to another network gaining traction at a rate which surpasses Bitcoin's network effects.  If we don't drop the ball and stay technologically up-to-date, we would naturally remain the incumbent dominant force in the market.  Perhaps that sounds arrogant, but it's the way I perceive the situation.

Fair enough. I don't object to people being hopeful, or optimistic, or even arrogant (I'm probably all of those things on any given day).

But framing it the way you do, you point out that the Bitcoin community could drop the ball and fall behind (not respond quickly to market changes), and it's possible that Bitcoin could diminish in popularity in the future. That's a sensible position.

Edit:

When we analyzed software technologies in the past, the primary factor in determining a technology's longevity is cost of switching. In other words, how much would it cost a user of the technology to switch to using another technology?

In the case of something like the Java programming language, or the Windows or Linux OS, or other software that provides a platform, the cost of switching is basically infinity: we will never get away from those things unless there's a major paradigm shift for all computing.

Other technologies like say RDBMS software can have an extremely high cost of switching for many customers, but for others more reasonable. Here one can imagine a company shifting away from (say) Oracle to Postgres in order save money.

Other products have a conceivable cost of switching, but still very high because of network effects: Facebook, Twitter, etc. Users can switch away from these platforms if there is a lot of reason to do so, but there is still a (temporary at least) cost in terms of reduced functionality while the network effects equalize on the new platform.

Still other products have almost zero cost of switching. An internet search engine is like this: it's as easy typing in a new URL on your browser, and using a new product.

So in this context, what is Bitcoin's cost of switching?

Here we need to look at two kinds of "users" of Bitcoin.

First there are "end users", e.g. somebody who uses some brokerage or app to buy and sell Bitcoin. For these users, the cost of switching is essentially zero: they just click a different button on the app's UI, and they move their holdings from Bitcoin to something else.

The other kind of user is B2B users, e.g. those using the API to integrate Bitcoin into their app. Here the question is how long would it take your average app provide to offer a new product to their users. In the specific case of Bitcoin, it would depend on the complexity of the API of the new product, but (since I have very direct experience with this), I would estimate that development cost here is comparatively very small. (This is also demonstrated by the very high number of products that most of the end-user apps support).

So in short, if the market is compelled to switch from Bitcoin to something else, the cost of switching is, on the whole, insignificant.  That's an important factor when looking at a product's potential longevity.

Never mate memecoin never can dominate over Bitcoin do you know what is the market capital of Bitcoin for now? it is now $1.33 trillion and it is the world most largest digital asset that why it will it was it is king for a reason. For now, you should do some research on Bitcoin because this time big institutions are involved in Bitcoin and investing being bullish on it. Besides this Bitcoin's market cap is bigger than world-famous and big companies, for example, tesla a well-known Atuo car company.

On the other hand, memcoin works on pumping and dumping schemes and they are highly volatile so can you compare bitcoin with memecoins? There must be a clear statement in your mind also Bitcoin is king here in the digital world and you have to agree with it, if not then you really need to conduct good research on it.

Do not think short term about doge.

Doge has true legs and will last a long time into the future. It is 16.9 cents and rising back.

the Bitmain L7 is making solid money as I type.

When hell freezes over, twice.

Même coins can pump and most times dump, but when you talk about their challenges to bitcoin dominance, I really don't understand if the trust that people have in bitcoin is just because of the price or whatever. Bitcoin is not in competition with any comparable coin or altcoin; it's on its own; rather, the altcoins are there to tap into the glory of Bitcoin.
 
If you check very well, the day Bitcoin climbed from $69,000 down to $60,000, the same coins you are talking about were unable to withstand the fall; some of them dropped down by almost 30% just within the time Bitcoin dropped down, and when it started regaining its strength, meme coins posses a great risk in users investment, but if you want to be blinded by the high risk and chase profit, you are free to go.

Many of the memecoins if am accurate, may yet to have even undergone any halving or something that's of same process and still stood, consider this before we talk further.
The answer is no for real and it's only if BTC were to crash or fail before another crypto currency gets to take the dominant spot. So far Eth comes as close to dominance with their NFTs and other popular initiatives, still it doesn't stand to be more dominant than BTC currently, let alone any memecoins coming close. Shiba inu has been more dominant in the memecoins department and Doge coin has the potential of topping that spot should Shiba fail.
That's their class to be compared, not a memecoin trying to topple BTC, never!

The recent surge in Bitcoin's price has ignited a familiar frenzy – the meme coin mania. While it's true that altcoins often experience price bumps alongside Bitcoin, meme coins are a different breed altogether. They're a volatile mix of internet jokes, speculation, and sometimes, a dash of utility.

Investing in meme coins can be likened to riding a rollercoaster blindfolded. The potential for explosive gains is undeniable, but so is the risk of plummeting value. Unlike established players like Bitcoin and Ethereum, meme coins often lack a tangible real-world application. Their value hinges largely on community hype and social media trends.

Bitcoin's dominance is rooted in its first-mover advantage and its established status as digital gold. Dislodging it will be no easy feat. While a top meme coin challenging Bitcoin seems far-fetched in the near future, the cryptocurrency landscape is ever-evolving.

Just like a combustion engine, bitcoin can be made better.
I'll give you another example, which is a windows-based OS.
Microsoft came up with it and it continues to evolve. We have different systems like Android still using similar icons as windows did in the early 90s and the latest versions of windows look similar to early versions.
Why? Because people liked it. If people like bitcoin they will modify it to make it more robust, more secure, faster, but they will continue to use it in 10 years, just like they do now.


You may not know a lot of bitcoiners then. Show me a proof that what you say is true.
I don't believe that "almost all" users of bitcoin don't hold their own keys.

A meme coin challenging the dominance of Bitcoin is as impossible as hell getting frozen, and it doesn't need to freeze twice, lol. People need to understand that Bitcoin is the king of the market, and meme coins are mere jokes turned into cryptocurrencies for fun, they became a trend because some of the meme coins managed to gain a lot of hype and success in the market which is why now every new meme coin is entertained in the market.

Keeping everything aside, one shouldn't compare any cryptocurrency with Bitcoin when it comes to anything including market dominance, price, demand, or anything else one can think of because Bitcoin is unbeatable.

It is quite unlikely imho... memecoins are usually quite dangerous, most of them actually end up in zero

It's been 13 years since the original Bitcoin whitepaper, and Bitcoin is slower and more expensive to transact than ever. If that's the way it's "evolving" then I don't see it branching out of it's current primary use as a speculation instrument.

But this is all beside the point. The way people want Bitcoin to get "better" is for it to increase in price. That has nothing to do with the technology, it just means they want more people bidding for Bitcoin.

It's not going to get "better" in some way that most of its users don't care about.



My proof is the proliferation of brokers like Binance, Coinbase, and hundreds of others, and their obvious very large market presence. And now, the ETF.

And the other evidence is something I call the Anon Paradox (https://medium.com/@stephen-r-thomas/the-anon-paradox-anonymity-big-small-1231a6a060e4): that people don't want the responsibility of physically carrying a large portion of their life savings and instead they would rather have professionals do that for them and hold the asset based on their personal identity (the paradox being that for small amounts of money, people want the opposite).

(I understand that you can also do chain analysis that will indicate the flows from major brokerages as opposed to individual wallets, but I haven't dug that deep on this path personally).

Because in the end for meme coins like Pepe or Shiba it's not even really worth it to be used as a long-term investment because it's just momentum utilization and even leads to gambling for me.

Indeed, in this case there will certainly be some who deny the existence of analytical techniques or whatever, but in the end we realize that when talking about memecoins like this we are just waiting and hoping that the pump will come soon so that the capital we give in the meme coin runs well and gets profit.

Back to whether they can be juxtaposed with bitcoin and can rival bitcoin, it is clear that the answer is definitely no and that cannot be refuted.

Bitcoin will still dominate the crypto market and no altcoin will really be able to break that dominance anytime soon. Bitcoin has advantages that allow it to continue to dominate the market in the long term, but it may not be a guaranteed thing forever without any hope for altcoins to break that dominance. There are all risks, including the success of altcoins breaking Bitcoin's dominance in the market, but this may never happen in the near future until something bad happens to bitcoin.

Did I expect it? Of course not, but that is a risk which in the end should make us think logically so as not to put all our eggs in one basket. Risks are still risks and should not be ignored and underestimated.

BTC mcap takes almost 57% of the entire crypto market so the whole altcoins and memcoin combined can't even challenge BTC talk more of a single memecoin. DOGE with the highest mcap among all the memecoin has a mcap of less than $21M. So i don't see any reason for comparison.

The first question you need to ask is has Doge which is regarded as the king of memes surpassed Bitcoin? Since they are the first to start the rally and trend of memes, I think the other meme coins like Pepe, Bonk, Floki and many shit coins need to flip doge which is right now $23B by market cap and Bitcoin which is around $1.3T, the extra billions on Bitcoin are far many times bigger than the market cap of Doge, now do the maths and see if this is possible or you are just doing normal impossible assumptions.

The investors knows what they are doing, if you think any memes coin is going to ever replace Bitcoin by dominance, then you need to quick check history of Ethereum and how it was been push to replace Bitcoin but as they got tired of the hype, they stop because Bitcoin is Bitcoin and altcoins are altcoins.

Looking at how you treat cryptocurrency, it seems like it's only focused on profit and ROI. It's only natural that you consider the % increase in memes, because up to now the Bitcoin vs altcoin bullish moment has clearly favored altcoins. But how I look between Bitcoin vs Meme coin, I still suit Bitcoin in terms of the investment style I do and also my subjective reasons.

Bitcoin is a pioneer and I respect its existence as a trigger for the birth of other coins. So life feels less than perfect if you have cryptocurrency but don't have Bitcoin.

Additionally, with regards to ROI, I prefer investments with a safer model as a long-term store of value. There is no need to panic because Bitcoin is truly the most stable thing at the moment.

Bitcoin has gone through three bear markets and dominated the market. In bull run, a lot of noise from altcoins but they come and go, born and die, only Bitcoin stay here since 2009.

Easy comes, easy goes. Quick rich, quick poor. People usually love to hear rosy profitable successful stories but they don't wan to hear painful lost stories or even they get exposed to those stories, they will ignore.

In investment, safety first as if you lose your capital, you are done.

I don't think a meme coin has the potential to outperform Bitcoin because Bitcoin has established its name, and meme coins come and go on a daily basis.

It's hard to keep track of all the meme coins that are created each day, and the creator of the meme coin either takes a percentage of the total supply of the meme token or pumps it up after its launch. Otherwise, they wouldn't benefit by creating this meme coin, and that's not why they created that meme coin in the first place.

I don't think any bitcoin users will move their bitcoin investment funds to invest in those coins you just mentioned. It is good to invest in Altcoins if you know that you will make profit from them but don't leave your bitcoin investment to another projects. Many people have made this mistake of using their bitcoin investment funds to invest in another coins because the time to make profit in bitcoin is very long. And they needed a project that can give them short period of investment and they ended up with regret.

Op your question is a rhetorical question because you personally that that no coin is close to bitcoin and you are still asking such question. Well it is a free world so you can ask but it was unnecessary. No project or altcoins will or can challenges bitcoin in anything.

There is no need to compare this, especially in the current conditions where Bitcoin generally still has many advantages. Meanwhile, memecoin only moves because the market moment is quite right for them, so the current conditions are really like the next bullrun for memecoin. Apart from that, the effect of continuously increasing the price of Bitcoin also has an indirect effect on all altcoins, which also includes memecoins. Because something like this also happened when Bitcoin created ATH in 2021.

No memecoin has the power to challenge Bitcoin dominance because memecoins bring no real value to the world. Memecoins are just coins with meme image attached as a logo and people buy it because many fool things are getting hyped and increasing in value, just like meaningless NFTs. Such a fool thing can't attract attention of financial institutes and big companies, like BlackRock, so, short answer is no, memecoins can't challange bitcoin.

Bitcoin is not evolving and that's very sad. For some reason, Bitcoin Core developers remain very conservative while the coin is actually very anti-conservative invention. I hope it will evolve or it's not going to be a dominant currency.

no, and never will be. bitcoins are bitcoins. whether there are other cryptos or not, bitcoin is still bitcoin.

I think the most hyped meme coin I have ever experienced was Dogecoin when Elon Musk talked alot about cryptocurrencies, but unfortunately it lacks the numbers and popularity for it to challenge Bitcoin, and when we talk about challenging BTC this also means being number 2 and also means displacing Ethereum which hasn't happened for the longest time... And as far as I know, people don't take meme coins as a serious investment as they lack the liquidity to push it up... perhaps before trying to challenge BTc let it fight it out with Shiba inu another meme coin... For now all Altcoins remain second best.

Meme coins have created a lot of hype in the market right now. These coins are growing and this growth is not normal growth at all because when these coins grow they grow more than 200 times or 400 times. If these coins are in a good condition and if they increase 400 times or more after being in a good condition, then the value of these coins can go into a good condition. But comparing all these coins to Bitcoin would be wrong because all these coins will never go around Bitcoin. These coins grow suddenly and the amount of growth is unusual but they cannot maintain their value for a long time and many times there is a huge fall in the price which causes all these coins to disappear from the market. All these coins can be invested with a small amount of money so that there is a possibility of huge profit if the value of these coins increases a lot in the future.

What do you think meme coins have that bitcoin doesn't, besides most of them being shit and only a few becoming successful in the end? So where do we think the popularity of the meme coin came from? It's impossible that bitcoin's dominance is due to the meme coin; doesn't that sound silly?

It seems to me that meme coins should not be compared to Bitcoin because they are very far from each other in reality. If I look at meme coins, there is almost no difference from altcoins; although there are some who have made a big profit here, it is still different from bitcoin.

Any product succeeds because it offers something the market wants. Most investors in Bitcoin today probably don't care about "decentralization" and many probably don't even know what that is (and unless they physically hold their private key, they aren't technically exposed to the idea). That goes double for "immutability".

As for security, that is a big deal for consumers, but since most people aren't security experts, they need to rely on institutions they trust, e.g. their broker or the media. There have been lots and lots of blockchain-based currencies that have been either technically poor or outright scams. This has surely hit that market hard, and for good reason. Any new product would need to take security (stability, transparency, etc.) head on.

As for utility, I personally think that no blockchain-based currency will ever have mainstream utility since the blockchain architecture makes it impossible to scale to mainstream loads that can handle the world's everyday transactions. There are some coins out there that are a "lot" faster than Bitcoin (and correspondingly less decentralized), but these still don't come within orders of magnitude of handling the tens of billions of transactions per day you would need to seriously take on credit cards and physical cash.

What if there was a popular platform that actually could scale to mainstream transaction loads and was 200x faster than today's credit card transactions? That sounds to me like an altcoin platform that could have something consumers really want and could create a new market for digital currency investing by introducing new consumers to something faster and simpler to use :).

Seriously though, although unseating Bitcoin as the market cap leader is a tall order for any new product, and although there have been setbacks for challengers, this is the technology realm and new products do come along every once in a while that are successful. One should always keep an open mind.

Agree with your point that even Ethereum is incapable of challenging bitcoin so the Meme coins which did not show any successful past and their future is full of risk cannot become successful like Ethereum so challenging bitcoin for them is impossible.

I think meme coins are becoming worthy but not for whole life and will eventually become less valuable as the time goes. May be some people trust them a lot due to current success but people are also aware of their risk so don't invest too much in meme coins.

The absence of a large market capitalization keeps altcoins from growing because people see no potential in such coins. Meme coins were a form of indirect influence on the crypto journey although in the end they had to be abandoned because there were no takers. Some people see the potential only in the short term after they make a profit, then they leave and don't reinvest. Usually that's how people use meme coins because in the long term such coins don't have good prospects and if we force them we will actually experience losses.

There is no chance for meme coins to dominate the bitcoin market because they do not have a stable fundamental level. Even if they get a pump it is only temporary and that is the same as I said because people only take advantage of the short term to make profits. Meme coins are more temporary and rarely do we find ones that can survive in the long term.