That's what it is supposed to do, yes, but there will also be people who simply speculate on this and hope to make a profit by flipping their money.
I think that the trend of the crypto industry is such that in the future, speculative interest will be less popular among users, and more power and resources will be directed to the real use of blockchain technology.
No, really no... For as long as there are projects that start with low market cap and can make you a lot of money, there will alway be speculators. To some degree crypto is about speculating, about giving your money to a potentially life changing project.
people will always be interested in speculation. but I think that the volatility of cryptocurrency assets will be reduced.