One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol
Most memecoins are just created to scam people, scammers will create it, and they will pay influencers money to help them hype it, and sometimes influencers are always part of the scammers team, after promoting the coin and there is hype, they will end up dumping it on people that invest in it. That’s why I do encourage people not to follow all these influencers and celebrities blindly. If they post anything, always make sure you do your research before investing, and I will never encourage anyone to even invest in all these memecoins because I know the risk involved in it.
Yes, of course, as you said, memecoins cannot guarantee profits because they require support from influencers so that their tokens are in great demand instead of many enthusiasts and there is hype. I am not forbidding investing in memecoins but still prioritize deeper research before you invest, this year many meme coins that are being targeted by investors all appear immediately hyped and continue to grow. Meme coins are tokens that do not have a bright future and also have a high risk. Please be more careful with your money before investing.