People invest in meme coins considering various aspects, such as some people hoping to get rich suddenly, while new members invest without understanding. However, those who have been investing in crypto for a long time consider DOGE, SHIB, PEPE as meme coins. Meme coin has extreme price volatility often resulting in rapid and unexpected price fluctuations in a short period of time making investing in it risky.
Over the past year, some meme coins have entered the market named after famous people but in reality they do not exist. This pump and dump scheme has created excitement in the market and led to their sudden demise. Meme coins may have limited information about their #DevelopmentTeam , goals, and financials, which can lead to a short lifespan.