Anyone can make up coins but why is anyone even buying any of these? If dogecoin has no real use... then none of those other coins have any use. So why do these new coins keep showing up?
because everyone wants to get profit, whether the coin can use or not they don't care about that. new coins will also be showing up every minute because of greed to create more profit and to plunge more people.
Been the typical scenario on this market on which you should really be careful on choosing on which one but there are people who are really like gambler like minds when it comes on choosing coins.
Whats the purpose of these altcoins? None. most of them are trash and just here for making some fast profits or money grab from newbie investors thats why you should really be careful
on dealing with these investments unless if you are ready to take up some risk then go ahead but if not then better be wary on each step you do make.