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I do not personally invest in meme coins because they are literally the modern-day Dutch tulips, the bubbles that can go from hero to zero in a short time . There is no cash flow associated with these tokens because they are simply trading and priced on community sentiment, which can be finicky and emotion-driven.
The more successful meme coins are, however, cult communities. These memes can skyrocket hundreds to thousands of percent growth in a short time. Most likely, in my opinion, there is some manipulation involved by whales, but the success of a meme coin is often determined by how fanatic that cult community is in not selling or dumping their tokens to tank the price. This is not to say, of course, that there are groups out there who are syndicates.
As social consensus is the main glue that these meme tokens have, these are literally for gambling with your money. Most have no discounted cash flow prospects and are really mass speculation and bubbles. For those who just want to have fun and speculate in this global casino of digital dogs, cats, frogs, and other symbols, there will always be a market for them.
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