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Author Topic: What will become of Solana blockchain when meme coins are finally gone?  (Read 1880 times)

Online Mr. Magkaisa

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         -   I remembered when before bitcoin rallied to break its previous ATH recently, and at the peak of bitcoin's rally, SOL also went on a strong rally in the market, which is why even the top meme coins under SOL also rallied. In the market, Bome is just like the one there who really showed a good performance.

As for the question on the topic made by Op, I think it seems impossible to lose meme coins from the Sol network because it still contributes a lot to the SOL onchain network and even to the market somehow.

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Offline NikeFit_7777

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Sol - was and will be a popular crypto-asset, despite the price of the asset, in any case it will be in demand. Another question is whether this asset will pass the crypto-regulation, whether there will be no problems in this regard. Alas, it is likely that no one will be able to provide a complete answer to this question.

P.S. There will still be entry points for purchases, it is worth to be patient. About meme assets in the sol ecosystem - they will likely exist, but there will be no demand for them.  8)
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Offline Metha Wulandarin

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I think so too because the current meme coin is not what it used to be or maybe because of the effect of Bitcoin whose price movements are irregular or maybe still waiting for the bullish season.
Currently, Meme coins are mostly moved by whales and I can say that the price depends on which direction the whale wants to take the price of meme coins. because basically meme coins were created to be used for whales to have fun. There is no definite product and everything is full of price manipulation.
For meme coins that have not been listed on major markets such as Binance, BYBIT and OKX, maybe whales can still play with prices but if they are already listed on the three CEXs, maybe whales should think twice about playing with prices.

Offline R100K-Martin-Lunger

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While I dont think SOL will become irrelevant, this is where diversification enters the picture. You need to diversify your portfolio instead of sticking with one asset/coin only. I have a pretty diverse portfolio with percentages of BTC, SOL, ETH, BNB, LTC, DOT, LINK, ADA, SHIB, and more.

Offline koang

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For meme coins that have not been listed on major markets such as Binance, BYBIT and OKX, maybe whales can still play with prices but if they are already listed on the three CEXs, maybe whales should think twice about playing with prices.

The crypto market today is like a dusty Wild West, due to the lack of rules governing it.
It's a story of innovators and lawbreakers, of risk and opportunity.
And I think the term “whale” is not only limited to individuals but can also be used for Venture Capital, or Exchange as they are all players.
So there is no guarantee that coins listed on major exchanges such as OKX, BYBIT, and Binance will not be subject to price manipulation, including meme coins.

Offline Metha Wulandarin

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For meme coins that have not been listed on major markets such as Binance, BYBIT and OKX, maybe whales can still play with prices but if they are already listed on the three CEXs, maybe whales should think twice about playing with prices.

The crypto market today is like a dusty Wild West, due to the lack of rules governing it.
It's a story of innovators and lawbreakers, of risk and opportunity.
And I think the term “whale” is not only limited to individuals but can also be used for Venture Capital, or Exchange as they are all players.
So there is no guarantee that coins listed on major exchanges such as OKX, BYBIT, and Binance will not be subject to price manipulation, including meme coins.
In the past, there was a coin that was caught manipulating the price if I'm not mistaken, the coin was listed on Binance after it was confirmed that the project was manipulating the price, the party from Binance immediately took firm action against the coin and immediately removed the coin from the Binance market.
In my opinion, manipulating prices is a very high risk and will definitely have an impact on community trust in projects that manipulate prices.

Offline TomPluz

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I believe that as the meme narrative fades, Solana's ecosystem will see the emergence of a new narrative that will solidify its place in the market. Solana is already showing great promise as an ecosystem, and its potential for longevity is evident. With its robust infrastructure and growing community, Solana is poised to become a mainstay in the blockchain landscape.

We already know that Solana is now a well-recognized platform that gained a lot of prominence among millions of users thus it came into the limelight and become a top tier network along with Ethereum and maybe even BNB. Now, it gained more popularity all because of the immense popularity of meme coins using Solana as their home and base. This is definitely raising some concern on what can happen to SOL once meme coins - and they will eventually, for sure - will slowly lose their steams in the crypto market...and this can be the big test on Solana's resiliency and innovations. Yes, there is that big possibility that if there can be a big shift away from meme coins, Solana can find itself in a new territory that can propel its growth even further. And it would be exciting to see developments on this side.


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Offline Vx1

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Do you think that in the coming 10 years from now, Sol token will still be as, or more valuable as it is today, and the Solana block chain still be relevant and useful to and for the crypto community?

Let's discuss about this if you don't mind.
Seeing the current development of Solana which is quite rapid in my opinion, I think in the next 10 years Solana will be even stronger and more popular. 
Currently Solana's weakness is security and often the Blockchain goes down so many users are disappointed when that happens, this must be fixed immediately by Solana. 
Talking about meme coins, Solana can be said to be the king of meme coin platforms, because we know that there are lots of meme coins that were born from this blockchain.

Offline Stompix

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Meme tokens are of no importance here.
Other coins had sidechains before for every hype there was from NFT to Defi to now meme tokens a lot of other useless stuff, the problem in crypto is that since ETH appeared and dethroned LTC we never had a continuous number 3 to 10 battle, in 2018 it was XRP,BCH ADA, in 2020 we had BSV, the polkadot , then BNB, then SOL, and ussulay when you go out of this you start losing places like there is no tomorrow unless you cling to something.
BNB at least has Binance, XRP has the team in control of a ton of coins and can manipulate the market at ease, the other coins are not like this, look at EOS which had billions and funding and still flopped.

If Solana doesn't manage to fix the network problems and another thing comes with the same tech then it will be far more trouble than the loss of the meme market.  The team needs to learn from how ADA has failed.

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Do you think that in the coming 10 years from now, Sol token will still be as, or more valuable as it is today, and the Solana block chain still be relevant and useful to and for the crypto community?

Let's discuss about this if you don't mind.
Seeing the current development of Solana which is quite rapid in my opinion, I think in the next 10 years Solana will be even stronger and more popular. 
Currently Solana's weakness is security and often the Blockchain goes down so many users are disappointed when that happens, this must be fixed immediately by Solana. 
Talking about meme coins, Solana can be said to be the king of meme coin platforms, because we know that there are lots of meme coins that were born from this blockchain.

it is true that soles are the center of memes, where on average sole memes provide profits for investors who buy during the presell, and have high fomo so that meme soles become trend creators in meme coins,

Offline Gurujebs

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it is true that soles are the center of memes, where on average sole memes provide profits for investors who buy during the presell, and have high fomo so that meme soles become trend creators in meme coins,

I remember how stories of Ethereum and ICO era of tokens, they were similar to meme coins just that teams put more efforts in projects than meme that they just launch and used their money to fund. So many projects of erc20 where launched on ethereun many years ago but today, only few of them exist and majority has migrated to their own chain.

I believe meme coins are just having the moments of their time, by next season some will still exist but people would have move from this trend to another trend but because Solana network fee is cheap, many will continue to use Solana as their base network for any trend to make quick profits.
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