Can PNUT become a threat to Bitcoin ? - page 2.

krishnaverma

full member

Activity: 1442

Merit: 108

Quote from: Charles-Tim on November 19, 2024, 10:50:34 AM

Is this a joke or something?

Bitcoin dominance: 59.1%
Pnut dominance: 0.05%

Bitcoin marketcap: $1.82 trillion
Pnut marketcap: $1.63 billion

Bitcoin is 1104 times greater than pnut.

So why the comparison. I guess this posts is more about means to look for ways to let people know more about pnut. It will not be a surprise for me if the coin is later dumped.

One more factor should be considered here.

Time it took for PNUT to reach 63 position based on market cap : few days after launch

And for Bitcoin: It is 14 years old to reach that market cap.

mu_enrico

copper member

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Slots Enthusiast & Expert

According to CMC: "Peanut the Squirrel is a meme coin on Solana."
So (PNUT):
- It's a meme coin
- It "rents" the Solana blockchain, like homeless

And you compare it with (Bitcoin):
- Coin with sound reasons (utility, fundamental, marketability, etc. any of that jargon)
- A blockchain with much mining hashes, and nodes
- ETF, listed everywhere, oldest, etc.

So not a threat at all, not even close.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: Charles-Tim on November 19, 2024, 10:50:34 AM

Bitcoin is 1104 times greater than pnut.
So why the comparison. I guess this posts is more about means to look for ways to let people know more about pnut. It will not be a surprise for me if the coin is later dumped.

Obviously, OP did not research the facts before making the comparison; he was overwhelmed by the PNUT performance, so he did a comparison, and yes, OP is shilling for us to look at the coin; honestly, I am not aware of the existence of this coin until OP shills this coin, and no, I will not support his observation, and OP just counted himself as one guilable guy who believes that a random coin can beat Bitcoin's dominance.

MAAManda

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Take a look at my merits, It's lucky number

Even mainstream L-1s are hard to say as a threat to Bitcoin (BTC), let's just say Ethereum (ETH), BNB (BNB) and Solana (SOL). So, there's no place for meme tokens to replace Bitcoin (BTC) in terms of market capitalization. Maybe they should think first about how to beat the market capitalization of other mainstream L-1s Cheesy

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Odusko

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Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Pnut is another shitcoin in the market and it value will and is not sustainable and even at this time we can see that it market recovery have largely depends on Bitcoin, so making this kind of statement about Pnut being a threat to Bitcoin is somewhat a laffeable statement and you need to have a rethink next time you want to make any statement that involves Bitcoin, the crypto industry is not looking for a replacement or a threat to Bitcoin, but just an alternative which we already have several altcoins that have played that rule of alternative to Bitcoin.

Pnut is still a hyped project and just a a memecion, it popularity just depends on the current hype around the market and so as time goes on the hype will die down and the coin will eventually join the list of other dead coins in the market, so for a giant in the crypto space as Bitcoin, it is more than just a hype but a sustainable way of market trends.

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

Is this a joke or something?

Bitcoin dominance: 59.1%
Pnut dominance: 0.05%

Bitcoin marketcap: $1.82 trillion
Pnut marketcap: $1.63 billion

Bitcoin is 1104 times greater than pnut.

So why the comparison. I guess this posts is more about means to look for ways to let people know more about pnut. It will not be a surprise for me if the coin is later dumped.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Quote from: krishnaverma on November 19, 2024, 08:39:41 AM

Out of nowhere, it came and is under top 100 coins based on marketcap. I find the situation very funny. With this rate of growth I would not be surprised that in few months, it replaces Bitcoin and becomes number one coin based on market cap.

No way I support such coins. If crypto has to survive for long, such coins should not be supported. The success of investors investing in these type of coins should also not be celebrated because it leaves a wrong impact on mind on new crypto investors.

There are some comparison we are not meant to compare because we know bitcoin has remained the top 1 and not other would be more better or beneficial like bitcoin especially when it comes to long term investment or holdings. We can always assumed but presumptuous bitcoin is always the best choice of investment even though we are constantly trying to change direction of investment due to some personal reasons and gain towards achieving a specific amount by investing in some shitcoin to attain that particular gain.

Churchillvv

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Eloncoin.org - Mars, here we come!

PNUT is around 62 position among the top 100 coins in CMC, I have seen several altcoins that are performing very well but for some reason they can't even be compared with Coins like Solana or BNB not to mention the big altcoin ETH, so why do you have to compare or put such shit coin on the same table with bitcoin.

Well sincerely I haven't heard of the coin PNUT but it surprises me that it's performing well even more than some altcoins that are well known hence it doesn't guarantee looking it up with bitcoin which is the drive force of our crypto space.

So if I may ask? if you had invested in this PNUT and it has performed very well up to this point would you not celebrate your wins?

krishnaverma

full member

Activity: 1442

Merit: 108

Out of nowhere, it came and is under top 100 coins based on marketcap. I find the situation very funny. With this rate of growth I would not be surprised that in few months, it replaces Bitcoin and becomes number one coin based on market cap.

No way I support such coins. If crypto has to survive for long, such coins should not be supported. The success of investors investing in these type of coins should also not be celebrated because it leaves a wrong impact on mind on new crypto investors.

Topic: Can PNUT become a threat to Bitcoin ? - page 2. (Read 193 times)