Yes, a lot of the "technology coins" do under-deliver on promises. That's an issue of competency or even integrity but at least some of them are trying. For this space to evolve the alt-coins need to lift their game, no doubt...but memecoins offer nothing of value to this space. If I want to gamble I'll play poker or go to a casino instead of playing a game of "greater fool" with a memecoin.