All coins have their own risks. But why do many people like coins because they only need a small capital so they take a small risk too. and high profits which have made many people like it. for example, like dogecoin, there was so much excitement at that time when people held dogecoin. and by 2024 many people hope that some of the memecoins can follow in the footsteps of dogecoin.
People desire to have more money through little investment and meme coins are the only coins which are lower in price and when they increase in price then they provide good profit therefore people don't hesitate to take risks with such a little sum of money.
Previously just dogecoin and Shiba inu were considered as better meme coins but these days every other meme coins are assuming to be a better coin which will perform better during bull season and yes it's true because you will have experienced that Pepe coins is going as a more profitable meme coins so it become a cause of increasing trust of the investors towards meme coins.