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Why are new coins valued so highly?

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So ethereum came out in 2014 and took until early 2016 to reach 1B market cap. Now there are coins that have been around less than a month that are valued at more than 1B. What happened? Why was capital raised so quickly for the newer coins?

I feel like theres some critical insight to be gained here that will help me make more money if I understand it.
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NEO has been around much longer than you think
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>>3075453
More 'investors' involved.
>>
babbys first bubble
>>
>>3075453
Exposure
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