Once people was crazy about meme coin. After publishing lots of article, videos Against meme coins as cautioins, and after knowing that such step would be risky but they keep invested on such coins for earn quick money. Doge was pumped after elon tweet but dump again. now it seems people are more careful than before and most of memcoins got flop. so holding meme coins still make you rich or soon it'll be end of meme trend?
Having a lot of memecoins can be said to be a fortune if in the future it has a good price, but there is also the opposite, namely the memecoin is removed from the exchange and trading. for now not all memecoins can make you rich, but at least you have them in your wallet.
The reason is simple, meme token was priced really low initially and it has got a really good bullrun that make its value rise really high. The thing will be different when it comes to the bearish trend like this time. almost all of meme tokens are dead coz they have not utility and people dumped their shit coins for stable coins to be used to buy legit coins when these coins go to the bottom. None know what will be the future of meme tokens and that's only gambling as meme tokens have no fundamental. The majority of meme tokens are only making its buyers become the next poor guy. Having meme tokens in your wallet are also very big mistake and it doesn't even make sense.
If you can own some legit tokens and why do you need to own some meme tokens in your wallet? this is the right logic about that
What you describe makes sense to me, because it's very risky to buy meme coins when it's a bearish trend. Because there is no guarantee that
the price of meme coins will recover, because meme coins do not have a clear function and also do not have strong fundamentals. This means
that the meme coins we have can become deadcoins, if the meme coins we have there is no demand. It's different if we choose to invest in coins
that have potential and have strong fundamentals, no matter how deep the price falls, will always recover and the price will usually go higher.
So why take the risk of investing in meme coins, if there are other profitable and safe options to do.