How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
It can be challenging to determine a meme coin's position in the market. You should research the project behind the meme coin and try to look for information about the team, their experience and their goals. That is true that a lot of meme tokens are listed in MEXC exchange daily and not all of them are good or bad neither. Take a look on the market capitalization of the coin because a high market capitalization means that the coin is widely adopted and has a strong following, but of course market capitalization alone does not guarantee success. Better to research and study the background of particular meme coin do not just invest if they offer a high rate of return think so many times before investing to avoid such losses.