Memecoin may look convincing at the moment, but for me it is too risky. After my past experiences I would not put too much trust in memecoin.
I remember when I first learned about Dextools and tried to buy WIF before it was listed on Cex and it was $0.0003. After that I was really surprised by the price increase very quickly and after that I sold everything I had when I felt I had made a profit. But it turns out that after listing on Cex, the price went 5000%+++ higher.
This was the beginning of my downfall because I felt very confident from the new memecoin and tried to buy back the new memecoin on Dextools and to my great surprise it only took me 2 minutes to lose all the value of my assets.
Since then I have always avoided memecoins and prefer altcoins that are in the top 10.
Rule of thumb when trading meme coin is to never buy back. Everyone is waiting for the liquidity to come so they can dump their coin at peak.
Meme coin is just a game of early speculator to the late speculator, that's it, as simple as that, the big price increase on the chart is nothing but psychology manipulation to attract liquidity.