meme coin is just a hype phenomenon full of manipulation, so it takes a lot of luck to get rich and profitable from meme coins. don't expect you to be able to analyze price changes on meme coins because it's useless..
Yes, that's right, it's hard to analyze the price changes of meme coins because they are so volatile and their price and popularity are largely related to their relationships with social media influencers, they are useless and have no real purpose and most of them have been created as a means of making quick profit only so I wouldn't advise anyone to invest in like these hype coins.
Yes. And with this present market condition, i would say investing in them is never worthy and is never profitable seeing their own prices are very much affected by the present correction. But i do believe that once the market recovers, they will also recover their value too as they have build already their own community that supports them all the way. It takes more luck and risk management investing in meme coins so for newcomers, i won't suggest investing in them as they have no real purpose in crypto.