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Author Topic: "Meme" coins are ruining everything  (Read 1341 times)
Rasa nanas
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May 24, 2024, 05:18:11 PM
 #141

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.

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