I think it's an interesting question and one that's worth exploring. I don't know if there's a clear value proposition for these companies. But rather than debating whether or not the prices are justified, I want to look at the history behind many of the meme coins, and what has helped them grow so quickly. Some may argue that it's pure hype, but in my opinion, most crypto coins have no real value beyond their market cap—and in the case of some of these meme coins, even that seems nearly impossible to justify.
In my opinion, meme coins are created in almost all cases only to attract attention, create hype and make a profit for her team. They don't represent any value. The prospects of the project depends on how much the team manages to promote it. Of course, the initial investors in such coins usually also make good profits, if they manage to fix it in time.I think that to a certain extent, meme coins are bad for this market, as they will cause uncertainty and sow panic in the market participants when they start to burst.
