Many people are interested in coin memes, especially there is a lot of hype going on about these tokens, therefore many people take the opportunity to make a profit when the hype starts, at the beginning of this year we can see very interesting movements only in coin memes. Even though many people know that meme tokens are more risky than altcoins, whatever happens, there are still many who want to invest in meme coins due to the high price spike.
Of course, because there are influential people in it, on the other hand, we also have to always monitor price movements, because if we don't decide to sell immediately when the price is rising, there is a big possibility that we won't feel the right moment and won't be able to reap multiple profits. Apart from that, the risk of loss is also greater if you don't do deeper research on meme coins that are popular because there are people who influence them, because this could be a trap to attract more investors.