Memecoins, characterized by little to no utility or value-add to the crypto space, are gaining popularity due to their community-led nature, low trading costs, and celebrity endorsements.
To identify good memecoins, consider factors such as a strong community and cult following, even token distribution, increasing token holders over time, high volume and liquidity, and a history of survival through dumps.
It's important to exercise caution and conduct thorough research before investing in memecoins or any high-risk cryptocurrencies.