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?

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

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.

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.

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?

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.

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.

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.

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.