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Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?
You already stated here that the coin has "no clear project".
You also said that their price increased by thousands if not hundreds. Do you think that all of us can take a risk and invest in these types of coins which are typically more volatile than those of the top ones?
Are meme coins worth buying in the long term? Hell no. I will not buy a token that has a chance to go up by thousands yes, but go down by thousands as well. I can't take that risk. Probably some can take it, but not for me. Another one is that I don't want to invest in a project that has no use case and isn't beneficial for the investor.
I have no reason for buying any meme coin aside maybe for DOGE because I have a bias on it since it's the very first meme coin that has been created, but other than that, I will not buy any meme coins or should I say shitcoins.