What do the "technology coins" do other than promises? To me, 99% of the coins in this market are meme coins. There are probably 20-30 blockchains that are intensely used, but the others are almost useless, so better chose your memes right. I used to hate the AI coins at the beginning of the bull run, then I hated memes(once again) and now I've come to terms that I could make money with this shit. We're far away from a fundamentals driven crypto market.
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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.