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.
This is true, people should definitely stay away from it because there isn't any money to be made from this without a doubt. I think it should be important to make sure that you are not going to make any profit from meme shitcoins, if you invest into something like bitcoin then you could make some profit and that would be a lot more important. I understand that its not that simple and I understand that some people may approach this differently but that doesn't mean that you are going to make money from it that easily neither. I hope that people would realize that they could end up with a good return one way or another, and when they do that it would definitely be something that will change some things in the end.