As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
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?
Meme coins are really not good for the long term. It's better for you to gamble rather than buy meme coins. People who buy these coins are just fomos with the hype. I think I've also bought coins like Doge and Shiba, but I only held them for a few months because I was afraid of the risk. Very large
maybe the reason I bought meme coins was to get a profit of 1000x my capital, that's what made me interested at that time