Meme coins are the comedians of the crypto industry since they don't have specific use because they don't have a certain project build to solve a certain problem or to be used for transaction of a certain company a good example is JASMYCOIN which is used by the jasmy corporation which is specialized in buying and selling of data.
Most of meme coins value are below 1$, for example doge coin, cat coin, Shiba Inu and pepe. This does not make them not to be potential in the market because they provide huge profit than coins. This is because during the bull market period they tend to rise rapidly and create massive return, but here is when you have to be so careful because they also fall rapidly in bear market period. So it is best if you collect your profits early and leave the market.
WHY SOME OF MEME CRYPTO ARE SCAMS?
Most of these crypto are token rather than coins because it is easy to create since they are developed on another coin's Blockchain, for example Shiba Inu, floki and PEPE they are created under the Blockchain of Ethereum.
Also the cost of creating token is not expensive compared to coins because the developer will use the existing Blockchain to create tokens through smart contract.
WHY YOU SHOULD INCLUDE MEME IN YOUR PORTFOLIO.
If you want to create wealth overnight I suggest you hold few meme in your bag, because you can invest 10$ or 100$ and create a profit of $100,000 to $1000,000, this can happen only if you invest right capital to the right crypto. A good example is $SHIB Inu price during the last bull market period of 2021 as seen on the chart below.
