Are new meme coins a good investment in 2024?

Are new meme coins poised to make a splash in the cryptocurrency market in 2024? Given their viral popularity and tendency to garner significant social media attention, do they offer a unique investment opportunity? Or are they merely a fleeting fad, prone to extreme price volatility? Are there underlying technological or community-building aspects that could potentially sustain their value in the long run? Furthermore, what are the risks associated with investing in such coins, especially considering the lack of fundamental value in many cases? How do investors differentiate between genuine projects and mere pump-and-dump schemes? Ultimately, is it advisable to allocate a portion of one's portfolio to new meme coins, or is it better to stick with more traditional, well-established cryptocurrencies?