Some of the altcoins moved quite high in prices in this current bull run. But meme coins had been disappointing for long time. Even influencers do not promote meme coins at all.
Are the good days for meme coins gone forever ?
I don't want to say that meme coins are bad but their behavior is not understandable. There are several memes which have good market cap compared to other altcoins which gives investors a lot of profit but price volatility makes them puzzle with right investment timing. I took some meme and was in some profit sharing and holding position. But it seems to me that most meme coins are made for gamblers and are suitable for short term investments.
I agree with you my guy. Investing in memecoins is like playing puzzle games, you don't know if you will win or matched the letters. And now the motivation people have in investing in memecoins or tokens is because of the recent launched of Notcoin and those who mined or bought before it was launched made good profit from the coin and because of that people are mining any token that came to the cryptocurrency ecosystem market. Memecoins behaviors are not clear. Some of them were listed in exchanges and increased in price and few months or years later they would die down.
And if your were not smart enough and removed your coins from the exchange or wallet then your coins would burned and you lost everything. And investing memecoins in a short term is another dangerous movement because you don't know if it will rise again. Those we heard people testimonies that they invested in memecoins in the past and for the FOMO made them to sell it in a short term and later years the coin became popular and done well and increased in price very well and they regretted for selling their coins coins in the early stage.