I in many respects agree with you. In the cryptocurrency market, I don't understand one thing.
- the price of the token rarely depends on the successful development of the project.
This is nonsense, but it's true. Some kind of rumor or some loud statement on the social network can become a pump or a sharp fall. But the performance of the team with various innovations in the project may not affect the price at all. That was always not clear to me.
News - "The coin will be listed on Binance" - oh, the price soars and a week later falls lower than it was.
News - "The team entered into a partnership with X to increase security" - the price does not fluctuate, and sometimes even falls.
There is no explanation for this.