Price is not born because of technology. Because of the demand for it on many exchanges. Everyone on earth wants to have it in their wallet, hope to make a profit in a bright future. Technological coins that bypass Bitcoin a lot, but they are not as popular as the main currency.
I also think that price depends on the demand but I disagree that technology does not contribute to it. The technology that is imprinted in bitcoin make it interesting for everyone thus creating this so called demand. If Bitcoin is just like any other fiat currency, I am sure no one will get interested to it and thus be ignored. Another thing is the needs that it tackles. We all know that paper money is an ever inflating currency making its value goes down. People wanted something that will appreciate overtime and that is solved by Bitcoin since it never inflate and the supply is very limited.