"Meme" coins are ruining everything

[Rasa nanas]

Meme coin hype may increase transaction density and cause transaction fees to increase. This will definitely affect other altcoins on the same network because they are affected by increasing transaction fees.However the impact of meme coin transactions will not have a big effect on transaction fees because utility token transactions are definitely much larger than meme coins. Increasing transaction fees may be one of the negative impacts of meme coin hype, but meme coin hype also has a long-term positive impact on the crypto market because meme coin hype will attract more new investors.

[Abiky]

Well, yes, but I think that a lot of people tried to enter the market through memecoins, were disappointed, lost money, and turned back. So there are two sides for this coin.

That's because people want quick results. They believe "meme" coins are the easiest way to make a lot of money. But they've got it all wrong. Crypto was always about utility from day one. Not a means to enrich ourselves. The industry is now more speculative than ever with the introduction of "meme" coins. This is all Elon Musk's fault. There are hundreds, if not thousands, of worthless "meme" coins on the market. Developers are focusing on quantity instead of quality. It will stifle innovation in the future. Just you wait and see.

I know "meme" coins help attract newcomers into crypto. But they shouldn't be the only thing we should focus on. Serious projects will be the ones that will truly shape the crypto/Blockchain industry. I'm talking about Bitcoin, Ethereum, and the likes. Hopefully, things will get better in the long run.