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?
A crypto investor should view altcoin investments as short-term, not long-term, plans. Only bitcoin should be considered for long-term investment strategies. The only way to profit from a memecoin investment is to invest it early and sell it soon after when there is profit.
If memecoins are to be hodl for a longer period, you run the risk of losing your money because memecoin prices will eventually have a big dump in price someday
Meme coins are fastest way to double your profit. At the end we will buy btc and hold for long term. Btc is not good for short term as volatility is not good enough to get required profit in the specific time limit. New crypto users mostly investing in meme coins because they want to double their capital quickly and they have been taught that btc will not give them profit quickly as meme coins gives.
Many people against the meme coins but i am not agree with them. Although meme coins has no special use but still the profit could be make from the meme coins. For long term holding I like your statement, we can loss all If all whales start selling one meme coin and start buying other.