The surging market is really doing wonders for memecoins. Just saw a Sol memecoin named RIFSOL, based on the concept of decentralized science (DeSci). I'm 70% sure that if this wasn't meme season that memecoin would have faded into obscurity the moment it was listed but surprisingly enough this memecoin is doing quite well. I don't know if there's something about this memecoin that I don't know about or it's just pumping due to the meme season, thoughts?
You speak out of uncertainty about the meme coin and the same is everyone else here for the fact that meme-cion has no blues print or even a visible project plan this makes it hard for us to ascertain which and what is responsible for a coin behavior in the market, because most of the time, we tend to forget the variables that propel a coin market price and for memecion nothing other than just hypes and pumps so if you want to take the risk on memecions, then you have to concentrate on the low volume gem, sometimes the new memetics in the market have greater potential to make you some profits compared to that coin that has gained the market popularity and listed on several crypto exchanges.
So if you want to get it right as far as memecion is concerned, you will have to look out for such a low level and not get Carried away by names or the popularity of the coin because sometimes the higher the popularity of a coin the weaker it becomes in the market so if you want to cash in on some quick profits one need to look for low popular but well visible memecion projects and putting in our investment on them.