then regarding the usefulness of the native token for its intended purpose I think Cosmos (ATOM) has that, we can see the real proof of that from their MC rating on CMC.
I don't know if I understood you correctly, but from what I read, you claim that ATOM has a use-case and the proof of this is the high valuation? How absurd. The high valuation results from temporary hype and not from usefulness.
People in crypto are not so stupid as to see which projects have value and which don't.
The community is that stupid. They end up putting their money into meme coins based on how funny their name is... so don't tell me that they are able to assess the usefulness and potential of a startup
I agree but not in a short time (except $JUNO), other projects may slowly have their token prices fall along with progress on the crypto side, depending on whether the project follows the developments and hype that occurs or not.
Wrong. Even if they will "follows the developments" then it doesn't change anything. There are 1000s of projects that have promised to deliver the same (smart contract, staking, lending, governments etc, faster than eth). Only 1 of them will become the new Facebook. The rest will drop to 0 regardless of whether they deliver the product or not.