Without hype no coin can survive. Bitcoin wouldn't be worth $580.00+ without hype. Dogecoin wouldn't be where it is without hype. Yes you need all of the above as well, but without hype no one knows it exists. It goes hand in hand. Also, not everyone is here for the same reason. I will support the community as much as I can to see the coin succeed, but lets be realistic here. We ARE ALL here to make money.
https://en.wikipedia.org/wiki/Hype_cycle My reading grid for all technological innovation (or non technological innovation too?). There is a reason why "hype" is in the name.
(this is neither a confirmation or an infirmation of your post-just a side note)