No, I won't invest in meme coins anymore since these coins only rely on the hype, especially Elon Musk's tweets. We are difficult to expect good profits from meme coins because Elon Musk seems no longer interested in tweeting about meme coins. For me, the hype of meme coins ended already, we are done with these coins. Moreover, during this bearish season, there are a lot of coins with cheap prices. Why don't choose the coins that have strong fundamentals? It more deserves to buy than those meme coins.
Musk promoted doge, he did not particularly influence the rest of the memes. But anyway, there are good prices on almost everything now, and it makes no sense to pay attention to memes that may never increase in price if you can buy something more reliable. Of course, I am inclined to buy bitcoin, it will be the most reliable investment that will definitely bring profit.
It was Elon who created the meme hype, although he only supported doge, he unwittingly pulled a series of doge-imitation meme projects.
Doge has been around for a long time but doge didn't have any hype until Elon got into crypto and promoted it. Memecoin is not comparable to top coins like bitcoin or ethereum, but I believe it is not dead yet and it will continue to be hyped every time the bull season returns.
Doge and Shiba have set standards in meme coin so there are lots of new projects who are trying to imitate them. We can't deny the fact that Elon has a huge influence on why meme coins have been known and are continuously making a noise in the blockchain industry. They might not have a specific purpose but are still profitable since lots of investors still keep on buying them.