I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Most meme coins experience price spikes that only last a short time and usually this will happen after a FOMO by a celebrity or public figure so some people are afraid to miss the train if they don't buy the meme coin, but once people who enter early have managed to take advantage they will throw it away with a large amount it will cause the price to go down again basically because so far there are no fundamentals of the meme coin that can help maintain its price.
The meme coin that I know which evolved to be a useful one before this meme hype, is doge. Even before this hype, doge was already used by many gambling platforms and you can find it basically in most trading platforms. I used to use this before for transfer purposes because the fees were cheap but when this meme hype took over, the fees are quite expensive as compared to other alts like LTC. With respect to other meme coins, I don't see anything valuable that can provide them longevity on this market. Once people are done with meme, they can easily die down without being noticed. So if you want to invest long-term, consider first btc and other top alts with actual usage in this community.