Some of these coins have garnered prominence as a result of celebrity endorsements, and retail investors have inflated their prices by extensively advertising them online. This is why, despite their fragile fundamentals, many coins have experienced tremendous growth.

Many investors sell quickly once their prices rise in order to earn a rapid profit.

Investing in meme currencies is extremely dangerous, and it resembles gambling more than actual investing. You might be able to make money if you buy and sell at the proper times. However, it's more likely that you'll lose all or most of your money.