In my opinion, investing in meme coins is an unnecessary risk. Of course, sometimes you can earn a lot from them, but we must be aware that there is nothing else behind such a project, only speculation. If something goes wrong at one point and the marketing fails, we can lose everything completely.
MemeCoin tends to have higher volatility, as MemeCoin is a community-driven token. after the success of Dogecoin some time ago, very many developers is releasing tokens or memecoin with various unique names.
based on data held by CoinMarketCap, There are more than 5,000 memecoins in circulation. Of course, this number will increase, because anyone can create a new cryptocurrency.
with the development of technology and adoption of the crypto industry, New coins will keep coming. There is no guarantee that memecoin will continue to survive in the crypto market. So be careful.