This makes a newbie think that he may have a chance to make money by trading memecoins. My advice: Don't jump the gun. Take your time to research and savor that time doing all the homework and checking each meme coin first. Because when you get used to doing it, it gets boring. So, just enjoy it.

I do agree that we can make money out of trading them, but we must also be careful in doing so. When we buy loads of memecoin we are also taking a high risk. This is actually not new anymore, and it happened during the ICO days, where new coins keep on coming out with different projects backing them up, but still, they will either be like bubbles popping or they will lose their value in the short run. That is what we must be careful about.