Many have criticized meme coins for their lack of a concrete operating mechanism and business model, and the recent market rout suggests that their run may be coming to an end. Note that 97 percent of the meme coin's market cap comes from Shiba Inu and Dogecoin.
It's undeniable that memecoins only depend on hype or certain figures (eg Elon Musk or Vitalik), the rest I don't think they are good enough as a portfolio. a good point that can be taken for investment in memecoin is that the price is too cheap and very affordable, if you are lucky you can get a fairly high profit. so the speculation for memecoin is very high