4. Potential for Viral Success:
Some memecoins achieve significant success through viral marketing or influencer endorsements, resulting in substantial short-term gains. However, it is important to approach memecoin investments with caution. Their value is often determined by speculation rather than intrinsic utility, making them highly volatile and risky.
Many memecoins may also be subject to "pump and dump" schemes, where prices are artificially inflated before plummeting. Always conduct thorough research and consider your risk tolerance before investing.