Can you imagine the crypto world in ten years from now, what the potential of Bitcoin and Ethereum would be then or what the potential of coin memes would be in the next 10 years?
Now a lot of coin memes are popping up, but to make it into the Top 15 coins is very difficult, not to mention the potential in the market is not that great at the moment. In your opinion, is the coin meme dependency on Bitcoin and Ethereum or the other way around.
There are several posts that I read, that the increase in the price of Bitcoin and Ethereum is very influential with coin memes,
meaning there is a dependency between them at this time. However, I personally can not understand this ?
Can you give me a real reference?
How much influence do these two have now?
Can we discuss for now, I would really appreciate the comments guys!!!!!
I will begin by saying that the massive growth witnessed within Meme coins were some sort of trend, and because it is a trend it lead to people jumping in to take their own cut, this is just the case as with most trends, and the more the trend slows down, the more those projects without good background or without good team dies off; compare the number of Meme coins before with the ones now, you will see that a lot are no where to be found.
About dependency, almost all coins depends on Bitcoin, if a bad news targeted towards Bitcoin is released, it will cause a dump in the market. On the other hand, most of the times, when a trend is growing, it attracts a lot of new investors and users who would like to partake in that trend, but when they make their profits, a lot channels it to Bitcoin or Ethereum causing some sort of growth within them, because that's the coins they can trust for long term; so at this point one can say there is some sort of dependency here but not a big one.
In the case of the future of meme coins, only few will still be relevant because a lot didn't have any roadmap of what they want to work on, but just following the hype.
