The smart money is NO. Cryptocurrencies are not created equal. For many experts, investing in meme coins is more like gambling than a real investment.
Here is why: Even though meme coins are also cryptocurrencies, they are not created to solve real-world problems, unlike Bitcoin or Ethereum. The goal is to eventually become widely accepted by merchants, creating a new form of decentralized currency and revolutionizing a variety of industries.
But meme coins, on the other hand, serves no purpose in the real world at all. Some of these coins, like the Dogecoin, gained notoriety because they're promoted by influential celebrities, and retail investors have pumped up their prices by promoting them heavily online. This is why these coins tend to experience explosive growth despite their shaky fundamentals. Like a real meme, it’s just funny until the next one comes along. A good investment strategy is to put your money that is more likely to stand the test of time. Meme coins do not perform well in the long run because it really has no use at all.