~snip~
Depending on the term of investment, the hype helps with a quick flip.
For the long term, hype is no good. But you're right that if the investor is for the quick flip then hype is what matters most and the rest just comes next.
On the other side, even some projects with similar utility, demand, and number of users can give a good boost!
Yeah, you're right with that as well but my point of view is for the long term but it seems that I'm missing the part of the short term traders and investors. And with those matters, whether having the same utility or purpose, as long as there has been an established connection to its community and other factors, it can survive.