Hmm, It's not only about the meme coins bro, the entire market is going through this decline you can even check the top projects as well, by the way still in my view there are some potential that can be redeemed, as you know memes never die, except for the few ones haha, anyway i did analyze the coq long ago it was the best in the entire AVAX based meme coins list. For now, i cant say anything about nay particular coin but yup you can still try as market conditions are favorable in the accumulation of any coin weather its meme or not.
I have a more optimistic view on the market condition. We are just going through a necessary re-accumulation phase to officially enter the bullrun in the next few months. BTC price increased too quickly and created a new ATH before halving, which means we need more time to accumulate before BTC can conquer $100K as many people expect.
The same thing is happening with AVAX and many tokens in the Avalanche ecosystem, especially memecoins. I do not have any expectations for the price increase of memecoins, I just hope that they will attract users and investors to make Avalanche more vibrant and continue to be a blockchain worth experiencing in this cycle.