Not everyone from Cardano community believes that meme coins are a good thing for the network
Another user in the thread questioned the utility of such coins. Since they do not offer equity rights, dividends or buybacks, he wondered how value added by the project would benefit token investors. He posited that for a utility token to truly benefit its holders, its utility value would need to increase over time.Some detractors argue that meme coins might drain liquidity from the network, with a few users making massive profits at the expense of many.
They also fear the risks of scams and exploits. The entry of such tokens, often characterized by hype and speculation, could attract malicious actors looking to take advantage of uninformed investors.community shares these concerns. Some argue that the growth of the meme coin market can be beneficial. For them, increased trading volume and network activity can be seen as indicators of a thriving ecosystem.
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