meme coin is honestly nowadays getting beaten up by legit altcoins in terms of short term return, currently the tides have changed and it seems many legit altcoins like optimism, arbitrum and many similar are just giving better profit in general than meme coins, so I guess the trend is fading in 2023
Not sure if the trend of meme coins is over, but people must understand enough if meme coins riskier. We already experienced more than 2 years with meme coins, it won't be easy to attract people with the hype anymore. Previously, I guessed the tokens of AI projects will be trending this year. But I think it is not really trending as expected. Regarding Arbitrum, it becomes popular because many people can earn money from its airdrops and invest in this project early. However, I'm not really sure that Arbitrum will be popular for a long time.
one thing needs to know is that meme coin is highly manipulated, there are definitely some schemes there that could give benefits towards the early birds, and the question is how you can be the early birds?
It is difficult to be the early birds and exit with profits at the right time. Since most meme coins are manipulated, the developers can disappear at any time. Only experienced people who knows the tricks to be the early birds. It is absolutely not recommended for beginners or average investors.