There are a lot of meme coins now because they are popular and hype is around them, but the price of meme coins depends on their popularity and the number of people who use coins, so it is very important to sell meme coins.
With bitcoin turning bearish meme coins are no longer pumping, I guess that means the hype is over the bubble has finally popped and so many people have become rekt by the meme shitcoins, because they invested in a meme coin with no use case and was expecting over 1000% in return, it's really funny how most people joke around with their hard earned money, meme coins aren't worth buying or investing in them.
doge momentum now has gone and less investors will speculate their money again into this game. Much investors trapped in elon musk tweet and loss huge amount of it. traders or investors that playing their money into shilling game and didnt make proper analisys will get their risk. By this experience, now we should think twice before we decided to buy meme coin.
What Elon Musk has done by manipulating the price of meme coins is a valuable lesson for all of us. We should not be trapped for the second
time by investing in meme coins and end up experiencing losses. So for me investing in meme coins should be avoided and very dangerous
if it doesn't come out at the right time. It is better to choose investments in coins that are safe and worth buying, so it is important that we have
good analytical skills. In order not to be wrong in choosing coins for investment.