Once its in the market, there isn't a guarantee that its price will keep as is. But if its just a store of value and pegged to certain fiat, what good does it give to its holder?
Cryptocurrency or any other type of token released by blockchain companies may dip to the bottom but will bounce up again.
You are certainly right.
A pegged coin only creates an added layer of risk and cost to its possessor/transactor.
My issue is, with the plethora of projects that are blockchain, sans, a discernible revenue, let alone an profit plan.