There is not a lot of research you need to do for memecoins; 99.9% of all projects will sooner or later become a scam. If you like taking some risk, it can be interesting to do some short term trading on these coins as without any real reasons they can pump a lot.
Maybe, but actually research can minimize losses and stay away from any shitcoin fraudulent actions. There are a lot of Shitcoin that have finally come to the attention, and most of them are just playing games based on trends. Therefore, for me personally, no matter how legit meme coin is, avoiding it is the best choice. It is enough to trade coins that are safe and secure and their existence is guaranteed on well-known exchanges.