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?
you don't need to understand the market position to invest in meme coin, because all meme coin are the same (useless), so if meme coin are hype, then you can invest in meme coin to make a profit, but my advice is that you better invest in meme coin that are already popular and have a high market capitalization (such as DOGE, SHIB and PEPE), then never invest for the long term, so if the price of meme coin is trending up, then you can invest in meme coin to earn profit, but remember you should not be greedy.