Although many people predict the crypto market, as far as I know it is not that easy to predict crypto and it is very difficult to predict with complete accuracy. But I think memecoins are currently too hyped. Coins are gradually disappearing. Now it seems that many new memecoins have emerged. Many people are investing in this memecoin but no one knows that there is no guarantee that the price of this coin will be desired in the future.
even investing in altcoins with utility often falls short of expectations, let alone investing in meme coins that have no utility and are just hanging on to hype. I think people who invest in this meme coin hope that in the future the meme coins they invest will become popular and they will get big profits with little capital.