The risk of value coins is that the project side is a black box, and no one knows. The technology of value coins is too complicated and there are too many risks.
So the market turned to meme. In my opinion, meme also has risks.
The first risk is that there are too many meme coins.
The community usually uses the rhetoric of fixed total amount to promote, but it is not the case. The total amount of a single meme coin is indeed fixed, but because the cost of issuing coins is too low, the sum of all meme coins is increasing crazily, and its speed is far faster than the Fed's money printing. And the funds are limited, so the funds allocated to a single meme will become less and less.
The second risk is that the brand of meme coins will age. A meme coin may rush to hundreds of millions of dollars or even billions of dollars in a bull market, but it is hard to say whether it can survive to the next bull market. Because the meme craze is the first to appear in this bull market, this will be verified by the next bull market.
From my personal reasoning, this is a high probability. In the final analysis, the reason is that meme coins emerge in an endless stream, and various new concepts and consensus emerge every day, while people may lose interest in the old consensus after a few years. For example, Litecoin is a meme that appeared more than a decade ago, and now people hardly mention Litecoin.
So the life cycle of most memes may be a few hours or days. A few meme coins become shining stars in the bull market, but after several rounds of bull markets, they may become half-dead coins like Litecoin.
