As time goes by, I think memecoin will continue to develop in the future because there are more and more fans of memecoin over time, but I personally am not sure that meme coin can compete with altcoin in the future, because it is based on record until now there has not been a single memecoin that stands out that can surpass altcoins,
People have become more accustomed to social media since people spent more time indoors when the world was infected with the coronavirus. I think meme coin is still trying to survive around social media. People are attracted to cheap coins because people want to eat more with less. So I'm not writing off meme coin at all, there will be ups and downs and many more coins will disappear again in the future, meme coins will go through a cyclical state. I don't want to argue here whether meme coin will rise or altcoin will fall but you need to do proper analysis and go for investment because both are risky.
Meme projects if you will try to look at the reasoning of their existence, will give you idea whether they can survive long or not. Because most of them have shallow foundation, you can expect that they won't last after the team exhausted their opportunity to pocket money as much as they can. Hence, a very risky move if you will invest your hard-earned money from these projects. But if you have the time to keep up and explore their profitability, why not? Most of them are just for short-term profits. If you fail to keep up, you will be holding worthless tokens later on.