Meme coins are high risk coins, especially new meme coins. but there are still many fans. Their goal is to get bigger profits during the hype. And it's possible that during altcoin season, some meme coins will rise in price.
New meme coins are difficult to trust, most of them ended up with scams. I think we are better to choose old meme coins such as Doge or Shiba if we really want to invest in meme coins. Sure, there is a chance of meme coins to increase highly but it is difficult to analyze it because meme coins depends on the hype. This is actually the reason that many people are afraid to invest in meme coins, they don't to take a risk on the coins with no fundamentals.
That's right, coins that have clear fundamentals still experienced a decline of up to 75% from ATH, let alone this which has no fundamentals.
Most people who are still interested in the new meme coin are degen players and people who are new to crypto.
Maybe beginners want to make faster profits, so they choose meme coins to invest in, they don't understand that the risks of meme coins are higher. but if they buy popular meme coins at low prices like dooge, shib has a greater chance of making a profit.
It's natural that they want to make a profit as quickly as possible if it can be done and that's very good, but if it was done to invest in meme coins, it would clearly be different, Because so far, it is very rare for anyone to dare to make long-term investments in, meme coins, apart from of course the meme coins which are very good to date such as doge, or SHIB and Pepe.
But when, yesterday, Bitcoin increased and created its ATH, it was really out of the ordinary that all meme coins could actually increase sharply, even though they didn't last long. But this was certainly a surprise.