Akita Inu’s effect on the Algorand ecosystem.

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Does the existence of Akita Inu on the Algorand blockchain encourage people in this sub to invest or does that nature of it being a meme coin turn you off regardless?

Seems like there is a lot of Algo supporters in here… curious if you see this memecoin’s potential success as a reflection on Algorand or not? Also is there a possibility that the attraction of a coin with little to no use case to a ecosystem that touts its practicality cheapens and could negatively affect the press that Algorand is currently getting?

I have avoided all memecoins up to this point but have invested a fair amount into Algorand since early last year. I haven’t put any serious research into any of the meme coin drama, outside of laughing at Elon Musks bullshit with Doge coin and briefly thinking a couple “coulda, woulda, shouldas”. If this could have a positive effect on Algorand, what could be the harm to throwing a couple hundred to Akita Inu and having fun with a shit coin that at least exists in something I care about?

submitted by /u/Dueteronomysfuntosay
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