Depends.
Usage
Platforms are great because you can build on them. Example Ethereum, Neo
Business usage like Request network
or simple payment like zoin (zoi) or SpeedCash (SCS)
Scarcity
Bitcoin has only 20 million something coins, Speedcash only has 400000 something coins while others have billions
Joke
DogeCoin (DOGE) but some are willing to pay for it
in other cases the coins are more or less mere Venture Capital