Meme coins are no good for trading. They don't exist for sustainable profits, but most likely for entertainment as they are inspired from internet memes.
Most meme coins are just pumps and dumps, meme coins don’t really have any use case, they are just created and money is spent on marketing, so they are being hyped, and immediately after the hype, they do end up being dumped back. So the only people who do make money from meme coins are those who get into it at the early stage, when the hype is still there, but they just end up being dumped on people who invested in it late. That’s why it’s really a bad idea to put money in meme coins.
Meme coin hype doesn’t last, so if you are planning to trade meme coins, then you are taking a very serious risk, which doesn’t make any sense to me. We should just stay away from it if we don’t really want to lose so much money.
Nevertheless, I'm still not against those trading with meme coins. But as a friendly reminder, never trade more than you can afford to lose, and never anticipate too much profits from these memes.
If you are trading or investing in meme coins, it should just be a little amount, which we know that if we lose it, it’s not really going to affect you because any slight mistake will make you lose everything, so we have to be very careful.