Is it? So these kind of coins I mean started existing in 2017. 90%+ have lost value in btc terms, many in USD terms. While in my view also overvalued remember I am excluding anything with its own blockchain here, as well as anything that actually offers equity-like rights.
I am nowhere saying you cannot make money trading pumps and dumps in worthless assets. The closer to the pumper the better.
When the music stops however, you better have your seat ;). And it will stop.