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?
I note that meme coins can provide short-term entertainment or even some quick profits, but they should never be relied upon as a long-term investment strategy. The hype surrounding meme coins often leads to volatility and uncertainty, making them an unreliable investment option. Due to various social media Many people are interested in investing in various meme coins including Dogecoin, Baby doge coin, floki, Shiba inu, Pepe. If you are not careful, you may fall into greed and invest according to your personal decision hoping for huge profits from meme coins. Where there is too much risk, I would never vote to hold Meme Coin as a long-term investment.