The honest answer and only answer here is no one knows. Memes are completely useless in real life and greed drives that market of empty projects. So they can go 1000% or lose you everything in as short as a day. You get what you get but I don't see these crazy upwards trends happening for very long, it's not sustainable. Take profits where you can and slide back into normal promising projects.
The upward and downwards trends are basics of the market, it's understandable. The memecoins cycle? No one have an idea how it will end because we're not in-control of the market, there's definitely more events to come. Profits are very important, atleast its the one thing that show we're having crucial moments in having our basic profits in the space. Memecoins can be very promising in the system but when it comes to making the expected moves, that's when they fumbled and ending up dissapointing these investors.
I disagree. While yes some may profit on these things. It's just one big disguised ponzi scheme that zero sum since they will all definately end up at zero at some point. People are buying on the hopes there is a bigger sucler put there willing to buy it for much more. Most of the time it's the same set of "developers" and they are just basically taking people's money. They are useless in this market. That's why no one will ever be able to judge when markets will start or end.