Most do yes, but not all. Those that have an immediate dividend possibility are clearly in demand and they do preserve the value in terms of fiat.

Also, I have observed that coins related to crypto exchanges frequently preserve their value quite well because these are value backed by exchange´s fees, so their value is good even when other tokens fall because at the end of the day you will normally sell coins and pay a fee for it and it does not matter if the market is good or bad. In that category you will find Binance, OK and similar coins.