colinfx

As many have said, if people want to buy something that they either desire, can use, or believe will go up in value, then it has value!

There is no intrinsic value in anything if nobody wants it... I believe that ALL cryptos have potential value as MOON has demonstrated and others.

Pump n dump makes people WANT to own it! It creates desire. If more people are buying than selling then the perceived value will rise - it's all snake oil really but hey, who cares if it makes a profit!

Ultimately, the true value of any thing will be whether you can trade it for goods and services. Commodity markets exist because generally the commodities have a value outside of the market - oil, coffee, cocoa whatever. Cryptos will have to have a value outside of the exchanges I guess long term to have true value. But then again perhaps not?

I guess the next few years will be the proof of the pudding but in the meantime a lot of people will get rich, burned, or bored along the way!