Memecoin has a product that is not very clear so it is natural that many people are afraid to hold Memecoin for a long time. Investors and whales may still make the best use of Memecoin to still make a lot of profit, but for those of us who have With limited capital, we will focus more on coins that have clear developments such as Bitcoin.
I'm yet to see meme coin that has a product, even Doge coin has no product. The only Doge lover Elon Musk was close to giving it a product and that was when he introduced Doge as alternative payments to buy Tesla bike but some how, the guy change his mind in the end. He kept Bitcoin and after some weeks, he change his mind and he never commented about it till date.
Doge may even become a big thing considering that it's having native chain own it own but other meme coins don't have their own chain unless they want to build there own and if their host network goes down, that means they would also go down.