Quote from: sulendra12 on August 18, 2023, 08:03:42 PM

Quote from: Games.Bitcoin on July 17, 2023, 03:04:50 PM

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's the same with any coins in the market, but the main factor to determine if meme coins are in good or bad position by the hype. Because of most of the meme coins are getting attention because the hype of the memes and the assets suddenly getting a massive pump in a short time which makes the investors/traders are interested into this type of meme coins. Do your own research like usual with indicators and keep yourself update with the news because that's the most important one.

Almost every coin in the market need hype to survive and those ones that seem like they are not hyped will make investors not to see good reasons of investing in them. There are thousands of cryptocurrency projects in the market and what we ought to do as an investor is for us to be conscious and make a better plan doing research before we put our money on any cryptocurrency project be it hyped or not. It is also important for us to try and check the market for some good projects not relenting on people that don't have a good idea about the market to tell us what to do.