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You guys can also give me suggestions on memecoins, like what key factors should I consider before investing in it?
Key factors? Is that even possible when you're talking about meme coins?
I mean most of the meme coins don't have any use case at all. They're just there for investors to gain some profit. They're just there so that the developers will have an opportunity to scam ignorant investors.
I don't want to generalize all meme coins, but I don't see any meme coin that has a good use case at all. Not even SHIB, not even PEPE, and not even that WIF that's being hyped currently just because it's on the Solana Blockchain. Maybe DOGE has a use case, but people don't use it as a tipping coin, but rather for transaction purposes. As for me, I'm not holding any though I tried to short-trade CORGIAI, and BONK which gave me profits. I'm not planning on holding any meme coins for the mid to long-term.