But this has only happened with a few meme coins, i.e. some are just pump and dump, but others like Doge, Shiba and a few more have been profitable over the years and continue to be, so it would have been a broad research task to decide to invest for example in these two winning meme coins.
This is a wrong thinking. Because these meme coins could become the new litecoin in the future days. Someone needs to have a long vision. I know half of them are not complete till the end but still some of them are complete till the end like Baby Doge for example.
At what point could that meme coin called Baby Doge, Doge or Shiba Inu become the new Litecoin? If they are called shitcoins it is because they have an unlimited supply similar to fiat money, they are nothing more than speculative currencies, while Litecoin is a hard fork of Bitcoin with a limited supply with a well-established proof of work, which fundamentals can make a shitcoin or meme coin of this caliber compare it to a cryptocurrency with a limited supply? What in economic theory differentiates a good currency from a bad currency? Who is going to want to save in the long term on a coin that increases its supply by millions of coins in 1 day? It's just speculation
