Fundamentals and tech are less important than pumpamentals and hype

Many altcoins stayed the same or are slightly less valuable than 2 years ago, they didnt move much.

Instead AI, DePIN and some gaming coins did good price moves. Also memecoins were pumping hard…memecoins do not have any utility, they aren't even L1s, but are just "useless" tokens from some L1.

Things that people don't know, which is new, has no "target price". Price can go up as long as somebody is willing to pay for it.

The more youtubers are talking about a certain Memecoin/ AI coin/ DePIN coin, the more hyped up it becomes and the more people get to know about that new shiny stuff….which also leads to the price to rise.

Parallel executed, high TPS, high finality, L1…people either dont care. When I first came for crypto, I came for the money first, then stayed the for "tech".

People new to crypto don't come for the tech at the first place, they come to make money. And hype + pumpamentals are better stats for making profits than fundamentals and tech. Prove me wrong, but this is why on this cycle AI/meme/gaming/a few new L1s will win the race.