Everybody wants to get rich without doing their own research beforehand. People just want quick results. Investing requires patience and consistency. Those who made "millions" were successful because they've chosen projects with real use cases. Not projects driven by hype.
Of course, people can't expect to be rich instantly. Those people who succeed with some projects, they must experience losses in the past. They also must do a process of learning for a long time. In this way, they get knowledge and experience as well. This is the reason why they can choose the right projects, they have both good knowledge and experience. If we just start our investment journey in crypto, it will be very small chance to succeed in joining any crypto coin.
There are people who succeed in the hype projects. Most of the projects are meme coin projects. You must be aware that there are people who get huge money through Dogecoin, Shiba Inu, Pepe, or Floki.
Successful investors do their own research, then they diversify their investment into other crypto assets to minimize risks of loss as much as possible. So long as you don't forget that "meme" coins are a gamble, you'll be safe from losing it all in an instant. I'd "stick" with Bitcoin and Ethereum for complete peace of mind.
Every investor must do their own research, whether they can succeed or not. Doing a research is a must because it is the way to deal with the risks and knows the potential of the coins. But when it is about meme coins, I think we don't need to have a research because there is nothing to be analyzed in meme coins. They have no fundamentals, they have no clear future. Even they have nice roadmaps, it doesn't guarantee for the success in the future. As meme coins, they can disappear at any time.