I'm not against meme coins as some of them brought some innovations to the space... Like the one that was my first to buy... I bought it as they offered something new in crypto, which was nice to see... The meme coins boom that happened a year two ago started exactly because of the greed from some new "VC blockchains" that were created with only one purpose... To create a "fake image", pump the token, and fill the VC's bags...
But, you are not wrong with that comparison... It looks like we are going backward, indeed... BTC is going into the mainstream, and altcoins are going nowhere... hahahahaha... I don't want to sound pessimistic and I do believe that we will see a lot more innovation (for good) in the near future... Not just meme coins...
Innovations? Ok, maybe I missed those... But overall, the direction with the narratives seems wrong, as you also remarked, all while real utility is either ignored or fewer and fewer are enticed to either develop it or invest in it because of the mindless movements we have embarked on, as a space.
The direction of the whole world seems wrong... lol... Luckily, there are some "small islands" where we can "hide" 😃
Yes, unfortunately.
Yeah, small, and who knows how long until they invade those too?