Meme coins are experiencing significant losses, with Dogecoin down 39%, Shiba Inu down 53%, and Pepe down 65% for the year. Investing in meme coins for portfolio diversification may be the only reason to consider them, as they have consistently underperformed the market. Long-term investments in meme coins are not advisable, as they are based on short-term hype and speculation. However, holding a small allocation of meme coins (not exceeding 1%) could provide exposure to the broader crypto market. Consider diversifying your portfolio with caution while understanding the risks involved.

Read more at Nasdaq: Is It Worth It to Invest in Meme Coins?