I'm also like you, but yesterday when Bitcoin increased, meme coins all moved accordingly and many have been waiting for a long time to benefit from the increase. So there are still many speculators who are still playing on meme coins because they have been trying their luck now because the price is cheap.
But I agree that it is better to choose the best altcoin that has potential that matches the MC it has so that it is in the order of CMC and CGK to be used as an investment.
I checked the market yesterday, and I saw that one of the meme coins, called BOME, had lost more than 50% of its value in a very short time because Bitcoin was dropping. This shows how vulnerable and unpredictable meme coins are and even if they have the potential to provide great returns, they can also make you lose a lot of money in some cases.
Imagine what would investors feel that had bought it when it was going up when they saw their investments losing almost 50% value in a day or so. This is why, it is important for investors to know and understand the risks involved with such investments.
When bitcoin is corrected, everything is affected and no one is able to move up, especially with meme coins. It is clear that they will probably experience a sharp decline, because previously they were the ones that rose the sharpest.
The risk of the meme coin is that it can increase quickly but can also fall quickly, so those who dare to speculate and want to hold on to the meme coin, if you don't have the courage, of course, it's not recommended because the meme coin is a vulnerable investment and is a typical short-term investment. I think all old investors already know about the meme coin thing, and it's not their main target, it's just a side target.
Note: Bome memes have actually increased in the past 7 days based on information on CMC reaching 1,280%