There are many shitcoins which have performed well and gain 100x significantly. Like we have and example of Shiba Inu. But this is really hard to find these kind of coins. So we should be careful while investing. If you want to make profit so I will recommend to diversify your investment in many coins.
And if you find a memecoin which you think that it can perform well in future so you should invest that money which will you lose so this will not affect to your personal life. So always do a good research and then invest in any coin.