Meme coins can provide short-term profits, and if we decide to invest in meme coins, we should do it quickly and sell while it is still hype because after it is no longer hype, the price will likely drop.
although there are meme coins that are still in the top 10 coins, it seems that doge has not shown good progress. Everyone hopes that the price of doge will rise to $ 1 but it still seems to be struggling and investors hope for support from Elon Musk.
I think for memecoins that aren't listed on major CEXs, we should just day trade: buy and sell as soon as we profit. However, for memecoins listed on Binance, investors can hold as these are the most successful memecoins, with large communities and backing from major funds in the market.
We've seen the success of DOGE, SHIB, PEPE, and NOT. They're all memecoins but they have significant potential for serious investment, even if it was just for fun. For traders, every token is a financial instrument that can be leveraged to generate returns for investors!