Also get approved by SEC, get $50m funding, working and functioning product, easy to use platform, I've already tested with the ID and understand their concept, pretty easy and straight forward.
These things that you mentioned above are not the reason for the token's price to increase. It's about how great the incentive that the company provides to the prospective buyers of the token and how many prospective buyers out there who are ready to buy this token.
Is this another utility token? I'm not interested in utility token anymore. There is no benefit from holding it.