Meme coins are no good for trading. They don't exist for sustainable profits, but most likely for entertainment as they are inspired from internet memes.
Yes, meme coins are not really good for trading. Many meme coins are just pump and dump, so trading meme coins fully depends on luck. Despite having good knowledge about trading, someone can still lose because many meme coin projects are just in the cryptocurrency industry to scam people. But the truth is that when someone is lucky with some meme coins, they can make reasonable profits from it. I would really advise traders to avoid trading meme coins, especially those new to trading.
Yep mate!
It is beyond any doubt that Meme Coin is not really good for trading. Because they don't have any use case LOL, ;Dthey are made for just jokes. But anyway it is true that a meme coin is good, whether it's for investment or it's for trading both are just based on luck.
Apart from this, if meme coin is considered a synonym of gambling, then it will not be bad because due to the pump dump in meme coin, no one can say with 100% satisfaction that it will really rise and fall because In meme coin, within a short time, the coin corrects from 10℅ to 2x, 3x just in a second. So, no matter how much the meme coin is analyzed, it works only on a luck basis as it happens in betting.