There are many reasons why many new start up meme projects are successful despite their low values, that is, know users vase. The following reasons can be considered,
1.Profitability
2.Hype
3.FOMO
4.Team sincerely/true identity
5.Popularity
Now, anyone going into Business is to make profit, and as many people already know, Meme coins has becomes a big trend project on news channels especially on social networks, creating hypes this days, which has also attracted many investors and traders as a huge profitable coins.
Meme coins has no users case but it has generated big fun and happiness among users globally, and many crypto enthusiast want to be part of the meme frenzy which is causing fear of missing out (fomo).
in addition, meme coins projects launched this days has shown some serious transparency, and cudos to Team sincerely and open identity that has brought trust to these projects.