Meme coins are known for their extreme volatility. Their value can skyrocket in a few hours but can quickly decline. This volatility makes them very risky investments, especially since their value often depends on general fashion and virality on social networks. Moreover, meme coins should not compete with altcoins because very few meme coins survive in the market and most meme coins die in the short term. A meme coin is more likely to improve in the long term than those that rely only on short term speculation. So a meme coin investment may make you wait a few years for profit.