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Cardano Ecosystem

Cexplorer

06/01/2023

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Can meme coins onboard new people to Cardano?

Some teams are putting a lot of effort, time, and money to finish their project.

Can meme coins onboard new people to Cardano?

Some teams are putting a lot of effort, time, and money to finish their project. They strive for launching a new application on Cardano. Teams may be a little jealous of the success of meme coins. 

The interest in financial speculation is huge. Is it possible to conclude that people are more interested in meme coins than in the technology itself? We don't think it's that simple. 

While the success of meme projects is ephemeral, DeFi services are more likely to succeed globally and maintain their acquired status in the long term. 

TLDR The success of Bitcoin and the entire blockchain industry began through financial speculation. 

Meme coins would not exist without blockchain. People are excited about the ability to easily create digital scarcity and own tokens without having to trust a m Read article: Can meme coins onboard new people to Cardano?

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ORIGINAL SOURCE

https://cexplorer.io/article/can-meme-co...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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