The memecoin trend seems to have ended because we rarely see new memecoins going sky rocket,
moreover Bitcoin is also bullish again so it's not the time to look for The next PEPE,
but we have to look for potential altcoins that can reach hardcap!.
People mostly focus on coins that are on trend regardless of their potential and through that, they are making themselves believe that some meme coins have a good chance of establishing a strong foundation in the future. However, it happened lots of times wherein meme coins have just struck high because of popularity and manipulation but still didn't show any potential of reaching a better achievement in the long run.
I agree that it would be better to focus on well-established coins like Bitcoin and other top coins than seek another meme coin which might just turn into a bubble later on. We better focus on coins with higher potential than coins that are just being manipulated and are just on-trend.