Now not only is the competition dominated by meme coins using the Solana or BSc network, and the competition also continues or affects the prices of both, as well as the rank and market cap of both coins. But actually this is good, because with this competition, both will provide positive points that are increasingly increasing to attract more new projects to be on their respective blockchains. and this will also be a good competition to make meme tokens or meme projects even more up and hype.
A competition on meme projects on these two networks is not necessarily because most of these meme coins are just pump and dump scheme, and the few of them that are serious projects may not survive the bear run or market dumps.
As a matter of facts, many meme coin that were launched on both networks, unfortunately, majority were pumped and dumped scheme, several others were dead or rugpull. Moreover, a hype on some of these meme coins are also risky, hypes are just meant to attract users to invest, it does not last long.