There are thousands of coins with verious catageoies, so is for memecoin. I don't fully support memecoin cause because of memecoin hype, lots of people lost their capital and use to hate crypto. But its kind of okey if memecoin exist in Crypto industry cause there are lots of shitcoin too! Just need to avoid greed. And I don't usually buy any memecoin but recently WIF makes me focus on it and i trade it. That gave me profit, that's all.
Good for you. I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today. I mean, it is made without a purpose and just lives with the hype and how investors will react to the demand to boost it more.
It's nice that it's sold cheaply but still, the possibility of becoming dust is there. So, would we really risk our little money for that? Be could buy some satoshis and keep it, try to accumulate more with our little earned money but trusting a meme coin will probably not be wise for long-term holding. I did buy a meme coin before but it didn't take long until I sold it back with little profits. I think it's best to keep it that way, to earn money in trading in a rush while we are monitoring the market.
In my opinion, there is purpose of meme coins is to give us profit. Even though they are useless they are also the reason why new traders are coming in which means more volume since they are grabbing the hype. Taking advantage of cheap memecoins has benefits and the potential to gain a lot of profit in the future like Dogecoin.
