Most people interested in cryptocurrencies have little to no interest in actual use cases. Investors simply want the price to go up. This is usually criticized as a "greater fool" investment strategy.

The article speaks to this. If there is any value in an cryptocurrency, it is up to the developers to divine it. Investors will eventually find a price equilibrium, but for now the ecosystem seems driven by hype, buzzwords, pozi-dapps and bubbles. NANO doesn't have any of that.

When you start looking at cryptocurrencies as code, valuation becomes meaninglessness.