Explain to me: How does the success of a project behind a coin translate into that coins value? Ive read that there are some great projects behind coins that have terrible value and then there are the obvious pointless coins like doge that have no utility whatsoever and just get pumped.
Hypothetically, meme magic aside, how does the success of a project like Ethereum or Polkadot or Rubic relate to the value of the coin?
I just bought Everest (ID) and the project seems solid but I am terrified of the token