Damn. What a difference! I always hear about these memecoins right after they explode(Shiba, Pepe, Rocky etc) even though I am aware of the risky nature, but the same applies to most cryptocurrencies out there.
This cycle is different than previous cycles in order of market's capital flows around. Bitcoin went first, Ethereum next like previous cycles but after these leaders, it was turns of Meme coins/ tokens. Previous cycles, meme coins are very last cryptocurrency categories to be pumped. Now, in this cycle, they are very first targets to make noise for cryptocurrency market in general.
High risk, high reward basically. Wish there was some sort of notification board somewhere regarding memecoins with potential.
Risk is always there, low or high but whatever low or high risk, don't invest money you can not afford to lose.
With high risk cryptocurrency, don't invest all your money.