Sometimes, the purposes of these coins or tokens are only"
- To getmoney
- To make pump and dump, finally for money again
- To rise up the hype, finally for money again
- And to follow what people love, that is about instant money (although they also don't consider about the risks of getting into those altcoins.
They may have too good to be true fundamentals or utility, sometimes, it doesn't make sense.
And sometimes, they have no fudnamentals, but only pump and dump, utilizing the popularity and hype to rise up the funds and token sale and also the price.