THELOGICALINDIAN - Twitter CEO Jack Dorsey has connected to adios Ethereum as a applicable advance This comes amidst calls for the billionaire to analyze added altcoins besides Bitcoin Dorsey charcoal a Bitcoin maximalist as he says that Bitcoin is the best important affair to appear in his lifetime
All this admitting the actuality that his aggregation Twitter has appear 140 NTFs on the Ethereum platform. This followed the account of Twitter absolution NFTs on Ethereum. A user on the belvedere had said it would alone be a amount of time afore Dorsey invested in Ether. And the billionaire replied “No” to the user.
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Ethereum is the additional better cryptocurrency by acceptance and bazaar cap. And yet, the CEO still does not accept that Ethereum is account putting money in. Even activity as far as acrimonious a meme bread over ETH.
Jack Endorses HamsterCoin
HamsterCoin is addition one of the abounding meme bill that are currently calamity the market. Responding to a cheep that said Dogecoin was the better blackmail to Ethereum, Dorsey replied that HamsterCoin was a bigger threat.
After the tweet, the amount of the meme bread HamsterCoin grew by a amazing 250% in a amount of hours. This comes as no abruptness accustomed the trend of affecting bodies tweeting abutment for meme bill and seeing the prices surge. The best arresting case of this is with billionaire Elon Musk and his tweets about Dogecoin.
HamsterCoin which is a meme bread congenital on the Binance Acute Chain has no different use case. There is no groundbreaking technology abaft the token. It artlessly promises banking abandon to its users. The bread does not abutment any acute contracts. And furthermore, there is no aegis of decentralization like there is with Ethereum.
Despite the accessible downsides of the coin, investors rushed to accrue the coin. Pushing the amount up in a abbreviate aeon of time.
Are Meme Coins Better Than Ethereum?
The acknowledgment to this catechism is a simple no. Meme bill usually accept no use cases besides pumps and dumps. Investors go into these bill attractive to accomplish a quick buck. And sometimes, it does not consistently assignment out in their favor.
Comparing meme bill with Ethereum usually aloof helps to accord ballyhoo to the coins. The added you attach a big name to a baby coin, the added bodies pay absorption to that coin. So, comparing a bread like HamsterCoin to a bread like Ethereum is a business move.
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In periods of bullish sentiment, like back a arresting amount shows abutment for them, the amount usually pumps in a abbreviate time. But again comes a aciculate blast that leaves investors who didn’t get out on time with abandoned coins.
Ethereum is a bread with endless use cases. And with anniversary upgrade, there is added scalability with the network.
