Are meme coins suitable more for daily trading or long term holding?

[Fidelia]

There are different ways that people stay in the crypto market. One is to invest their tokens for a long time profit while others are looking daily trading of crypto to make profits.

For meme coins, is it best to use them for everyday crypto trading or it is best to hold them?

 

[Suba]

The price of memecoin is very easily affected by market changes, even just by celebrity tweets, so it is not suitable for long-term investment, traders use memecoin more for position and swing trading.

 

[Augusta]

Well, Meme coins have gained significant attention, but not all are suitable for long-term holding. Investors looking for coins with long term might go for stable coins

 

[King Belieal]

Meme coins are the subjects of the popular pump and dump concept. No one should ever think of longterm with meme coins.

 

[riberet19]

If you buy them at a good point they can be good for medium-term HODL, but generally, in my opinion, they are better for trading, but be careful, the movements of memecoins can be very unpredictable.

 

[magnus2022]

Meme coins should be traded or invested with care, you can easily lose your money within the shortest time possible. There are a lot of meme coins that have disappeared from existence and holders lose their fund with the crash.

 

[Stardom22]

For me l can say that l would go for the meme coins when dealing with short Term
Trading strategy

 

[Nomad]

meme coins are suitable for short term investing and day trading. If you invested early on, and you will have to sell when it reaches all time high and move on