Right now one could put a turd on the blockchain and market it as "the first AI-based turd for a decentralized future" and sell tokens for 1 million USD. Without working turd platform, just the whitepaper. Fucking TRON is valued at 10 BILLION USD without a product??? Cardano has a dream, a wallet and whitepaper, valued at 23 BILLION USD. It makes no sense at all.
Many hardcore enthusiast believed in the internet as well and went bankrupt. Them staying in the bubble for the crash didn't really help the development or themselves.
I don't day-trade or buy hype projects. I only own tokens I believe in long term.
That is true, lots of things are overhyped, mostly because of greed, not belief. I also do believe that you need to invest traditionally - make fundamental and technological research and analysis, build portfolio, invest short, mid and long term. These days everybody wants everything short term and many people are here just because of a very high short-time return on investment potential. OK, let's be honest, almost all of us are partly, but for example I really do believe in technology and believe it can sort out many of the humanities problems, together with some other projects like equal money..... and that is the creation and allocation of money which made this stupid (or ingenious, depends on your angle) "piece of paper" the main cause of dividing people to poor and wealthy. Foor those greedy and wealthy out there I can say only one thing - what is this piece of paper worth on it's own?
You mention Tron and Cardano. But how about Dogecoin? It was a meme and the developer stopped developing the project in 2015. It has a market cap. of 2 bil. USD!