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?
I don't think there are any good meme coins, they are only backed up by the community and a lot of money like Pepe and Memecoin.
Meanwhile for ordinary memes, it's just a pump and dump scheme coin, you could be lucky when you buy and they intend to pump, then you sell.