Which is better: strong coins like Bitcoin and Ethereum or meme coins?
In the world of digital currencies, waves of excitement occasionally arise around coins known as 'meme coins', such as DOGE and SHIB. These coins often start as a joke or a campaign on social media, but quickly attract the attention of speculators and those seeking quick profits. However, there are logical reasons that lead me – and perhaps many others – to dislike this type of coin.
1. Absence of true value
Coins like Bitcoin and Ethereum are built on strong projects and clear goals. Bitcoin is considered a store of value, akin to digital gold, while Ethereum provides a smart platform used for decentralized applications (dApps) and smart contracts. Meme coins, on the other hand, often lack a real project or genuine utility behind them, relying solely on media hype and the surrounding community.
2. Excessive speculation and high risks
The price of meme coins is influenced by memes, tweets, and hype, nothing more. An investor in them is more like a gambler than a visionary. The extreme volatility makes them a dangerous tool for those who lack sufficient experience.
3. Lack of sustainability
While coins like BTC and ETH continue to build long-term infrastructure and develop their systems, meme coins often fade away over time, leaving latecomers with significant losses.
Summary
The difference between strong coins like Bitcoin and Ethereum and meme coins is like the difference between a long-term investment in a major company and buying a lottery ticket. The former is built on foundations, while the latter relies on luck. Therefore, if you believe in the real future of digital currencies, the best approach is always to go for coins with clear projects, practical use, and ongoing technical support.
