Meme Coins May Be a Waste of Time & The Importance of Trading & Investing as a skill
At a bare minimum, they provide a means for the redistribution of wealth, outside of that, they seem to provide no economic value.
They can be used as a tool to better your technical analysis skills as well, and may result in great profits for the individual, at someone else's cost. This can be justified using 2 businesses, if business A sells socks, and business B opens up selling socks, business B is taking money from business A, but they are both providing the economy socks. With meme coins, they are providing the economy nothing, just laughs, thrills and the redistribution of wealth.
I think the quickest way to make money is trading. I think the quickest way to grow and maintain wealth over the long term is investing. In order to know where to trade, the best places to trade, you need to know what is happening in the world around you, from a financial perspective, but also in general, in terms of political updates, commodity supply and demand changes. So if you are in the know, about economic changes in the world, including monetary & fiscal policy changes, and their impact, and then in the know about military placements, commodity supply and demand changes, and political impacts on the operation of the world, this will help you know which opportune sectors to trade, whether that be to long trade, or short trade, based on global news.
In summary, meme coins is like gamified trading, growing charting and technical analysis skills, contributing to the redistribution of wealth & news headlines. In order to trade successfully, you need to have an idea of what is happening in the world around you and how this can impact different financial instruments, to then trade of them, or long term invest into them.