There are many opinions and analyses on the value of MEME coins (such as Doge coin, Shiba Inu, etc.):

1. Market sentiment and speculation: Judging from posts on X and other online information, the value of MEME coins is largely dependent on market sentiment and speculation. They are not backed by physical assets or company operations like traditional currencies or stocks, but are completely based on community, promotion on social media, and investor confidence. These coins are extremely volatile, and prices can double or plummet overnight, mainly because their value relies more on public interest and media attention than any intrinsic economic value.

2. Community power and cultural phenomenon: The value of MEME coins is also reflected in their cohesion as a cultural phenomenon and community. They are not just a currency, but also a symbol of expression and community. People who hold these MEME coins often do not hold them for their economic value, but because they identify with the concept and community. This community power does provide some form of value for these coins, but this value is difficult to measure using traditional financial analysis.

3. Intangible assets: To some extent, MEME coins represent a new form of intangible assets. They may not have direct cash flow or asset support, but they can be regarded as a brand and a cultural symbol. Just like some brand value or copyrighted works, although there is no entity, it has market value and social influence.

4. Speculative bubble: Critics argue that MEME coins are a speculative bubble that lacks any substantial value. Their prices are believed to be driven by speculators who hope to sell for profit when prices rise. Historically, similar financial phenomena (such as the tulip bubble) have eventually burst, causing investors to suffer heavy losses.

5. Future potential: Although the value of MEME coins is currently difficult to quantify through traditional financial means, some analysts believe that they may herald the emergence of a new value system. With the development of blockchain and cryptocurrency technology, these MEME coins may find practical application scenarios, such as in social media, entertainment, or other markets that cannot be explained by traditional economic models.

6. Investment Risk: From an investment perspective, MEME coins are considered high-risk assets. Their volatility makes them likely to bring huge returns or total losses. Therefore, any investment in MEME coins needs to be treated with caution and is generally regarded as a high-risk, high-return gamble.

In summary, the value of MEME coins is a complex issue that involves economics, sociology, psychology and other factors. Whether they have "value" depends on how you define value. From the perspective of traditional finance, they may be regarded as worthless or at least high-risk assets. But from the perspective of culture, community, or the emerging digital economy, they do have a certain form of value. In any case, investing in MEME coins requires a high degree of risk awareness and a keen insight into market dynamics.