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?
The growth of meme coins is only driven by hype and when the hype explodes then the meme coins will have no value in the market, meme coins are lucky coins so we cannot identify which coins are good to invest in because almost all of them do not offer us any real use and have no fundamentals so we often see these coins suffering in the market. My advice, if you don't want to experience losses, you should stay away from meme coins, especially now that the Crypto market is in a bearish condition.