It is neither the maximum nor the minimum speed.
Okay, this is how it works, the same applies similarly to CPUs as well.
When RAM modules are made, they have a certain inconsistency to the quality of the module.
We have module A and module B.
Module A has a quality of say, grade A for example, and B has a grade of C.
Module A will be used in higher frequency RAM kits around 3000Mhz due to its higher rating, which means it will be able to hit these higher frequencies at lower thermals and voltages.
Module B on the other hand, will be used in a lower frequency kit like 2133Mhz, due to its lower quality rating, meaning it will not be able to hit the run the frequencies in a stable or consistent manner.
This is a process called binning, which involves sorting qualities, and putting them in the relevant product lines.
Your RAM kit is rated for 2400MHz, meaning it will run well and stable at that frequency.
Some like to try to reach higher clock speeds with their RAM kits by increasing the frequency they run at.
This can result in frying your RAM if you push the modules too far, and they decide to crap out, hence why I didn't recommend that you do it.
Higher frequency RAM in the case of DDR4 provides little to no benefit in gaming, with increases of 1-2% between 2133 and 2666, and virtually none above that.
Higher frequency RAM is used in rendering and editing PCs so that video can be rendered and output faster, due to the fact that it utilizes RAM better, and speed is based off a combination of raw CPU power (Hence why people get 6-8 core CPUs +) and RAM capacity and frequency.
I think that's pretty much it.

Let me know if you didn't understand anything.