Memecoins keep making it to the front row seats of topics discussed in the crypto community from time to time. The reason is not far-fetched. In most cases, memecoins are usually among the top gainers, attracting the attention of many. Granted, these speculative digital assets have attained significant heights, benefiting early holders. Still, it is important to note that they can equally depreciate, erasing every paper profit investors have made. This stresses the need for every investor to perform due diligence before apeing into a memecoin.