Any one can create a coin (that doesn't mean it has value).
But if it doesn't have value, then why still make them? I know, it has its own purpose. I just wonder about its uses and what happens to it once its purpose has been served, I guess.
One of the many problems that you'll notice is most coins tend to lose value because of Bitcoin price movement which stops others from supporting a certain coin even if it's legit.
Are their prices dependent on bitcoin's own prices, or can they simply allot whatever price they want for their altcoins?