Shiba inu improved in the popularity of meme coin and pepe has rekindled that fire after its initial success, this has spranged up the adoption and development of meme coin where various websites how stating things like " the next big meme coin " or " a random coin is outpacing pepe and doge coin". One of the biggest issue that influence peoples decisions is that they follow what they had without any further research.
Lovehateinu is an example of a meme coin some website praised but has been underperforming after its listing. People should be aware that meme coin ride in hypes and the size of it's community since most lack a need they satisfy. The poor community of lovehateinu was like a flag that should have shown that the coin isn't going x40.
Pepe success came as a result of its large community and the speculation that it would be listed in binance, now its listed and investor have jumped to another and those doing HODL like they holding Bitcoin are up for a bumping Ride.
What am ranting about is meme coin can make you rich but can also swallow the gains back and the belief that buying during presale is not always right as lovehateinu is a proof. If you are a risk lover then make thorough research on a project before jumping on it and always consider it's community, use(if any), and don't do HODL is not Bitcoin. Read that some meme coin are created via inscription on the Bitcoin blocks and they are the hype now, well I am of the opinion that ordinals are just a phase like having a new toy would be fun for the first time until you get bored and get to another.
Chose to post this because a friend bought lovehateinu because he saw it in various websites but the reality was a dip than the presale price. I might be biased on my thoughts on meme so would be happy to hear our views on them.