Memecoin

ApeWifHat

Arthur

Coin

<div class="insidebitcoins">
 Arthur Hayes has dismissed criticism labeling meme coins as “stupid and valueless” saying these tokens can have a positive value on the block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a>s they are created on.
 While speaking with the CEO of Real Vision, Raoul Pal, the BitMEX founder said block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a>s supporting the meme coin culture would have value in the long run.
 Hayes opined that the recent boom in Solana was influenced by meme coins. The Solana block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> has recorded an uptick in activity after a meme coin frenzy driven by Dogwifhat (WIF), BONK, and Book of Meme ($BOME).
 The increased activity makes the <a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> attractive to block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> developers seeking to launch projects on a network that has users.
 “You can poo-poo these things as stupid and valueless, but if it brings attention, if it brings more engineers to the space, then it’s positive value to the <a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a> itself,” he argued.
 <h2 id="meme-coins-should-become-more-useful-and-charitable">Meme Coins Should Become More Useful and Charitable</h2>
 Ethereum co-founder, Vitalik Buterin, recently opined that while he had zero enthusiasm for meme coins, these projects should work on being useful and charitable.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 What else could memecoins be?https://t.co/8ZVhwkVwLy
 — vitalik.eth (@VitalikButerin) March 29, 2024
 </blockquote>
 
 According to Buterin, meme coins should be created for charitable causes or work on having utility in use cases such as in gaming.
 However, the co-founder of Solana Labs, Anatoly Yakovenko, believes that the logic behind meme coins donating towards a good cause as penance is “nihilistic.”
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Memecoin are bad, but if they donate to a public good then they have paid a penance for the bad thing.
 I find this logic to be nihilistic.
 I’d rather see people that hodl a memecoin change their behavior and go do something good, like walk dogs at a dog shelter and encourage…
 — toly 🇺🇸 (@aeyakovenko) March 29, 2024
 </blockquote>
 
 Yakovenko says instead of donating towards charitable causes, meme coin holders should work on changing their personal behavior.
 Dogecoin20, a newly launched meme coin, is working towards having a positive impact on the community with its “Do Only Good Everyday” principle. The meme coin, whose presale has raised over $10 million, depleting its presale tokens as it leverages the influence to support charitable initiatives, community projects, and noble causes.
 <h3 id="also-read">Also Read:</h3>
 <ul>
 <li>ApeWifHat Price Prediction: APEWIFHAT Soars 127%, But Is This Solana Meme Coin Rival The Next Cryptocurrency To Explode?</li>
 <li>Newest Solana-Based Meme Coin with Unique Presale – Can It Be the Next Big Thing?</li>
 <li>Oscar Ramos Analyzes This New Low Market Cap Crypto Gem – Dogecoin20 Presale Review</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/arthur-hayes-says-meme-coins-can-be-a-net-positive-for-blockchains-tbt84090.html">https://thebittimes.com/arthur-hayes-says-meme-coins-can-be-a-net-positive-for-blockchains-tbt84090.html</a>
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Arthur Hayes Says Meme Coins Can Be a Net Positive for Blockchains

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