Memecoins can only create a group off fools in long run. Memecoins are literally very similar to the ponzi or "get rich quick" type of scams and nothing else. 99.99% of the memecoins do not bring any value to the table apart from helping some people to become rich.

Whatever we are seeing in Doge today, is because of the backing they have received from Elon. Otherwise, it's no good and its creator didn't believe in the coin so he sold his holdings and bought himself a Honda car.