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 know, I remember that before 2017, meme coins were not that popular and were often said to be zombie coins. Then, over time, the so-called zombie coins disappeared, and people were no longer careful in the crypto space. Now, what seems to have taken over is that most meme coins are the shit coins or zombie coins that other communities are thinking about in this business.
Now, I can't say much about the good or bad position of meme coins. Most people know that the risk in meme coins is high at this time because it is very volatile, especially since we are in a bearish market and the chart is almost in a down trend and we are not yet in a bullish trend. Maybe it's better not to prioritize the meme coins right now, dude, think carefully about the investment you're going to make in that matter.