The question now is, do these tokens still have potential or are they deadends? This thought came to mind when I saw an event giving Trump, Melania, Doge, and Elon tokens. i thought about participating but then I wondered if it would be a good idea to keep those tokens after getting them or should I just sell them off while they still have good value?
What is there about the memecoins is that they are not for long-term investment because almost all of them are pump and pump. Once the hype is down, that is how the price of the token will be going down. But still, there are some shitcoins that have spent a few years in the crypto market and their still there main some price, but I will say even those tokens are just chances of luck. It is hard to find memecoins that will be long term investments.
The way to treat memecoins is that when the project is still on hype, that is when it is good to invest in them. Once you make some profits, just sell and wait for another project with hype again. What is just there now is that if you bought the Trump token when it was high, as the market is down now, I would say someone hold wait a little bit Maybe someone may be lucky and the token may recover again. But the truth is that there is no assurance in the crypto industry, especially when investing in memecoins and other alternative coins. It is only Bitcoin that has some certainty of assurance if the price goes down, it will recover again.