Just learned from ape, GMT and some shit tokens in the market. Hype is far more important than utility. I have been seeing so many tokens with various utility cases but none of these coins have achieved multi billions marketcap like utrust, crypterium and many more. These tokens meant nothing compared with the new tokens that got very big hype like APE, GMT and many more. I just remind you that if GMT has no usecase and it's worth multi billions of marketcap right now. We can take a very important lesson from there if hype is the main thing to make the token become a big thing.
Hype will only run the project for so long so the owners can make big bag of cash and dump on their investors and bail out. The investors will never know what hit then until it is too late. These recent shitcoins have been doing that and will follow suit in a few months too. Basically another method of a HYIP/MLM scheme in the name of cryptocurrency.
Huge minion squads can help pump such coins, but the wiser folk will sell their holding and exit when the euphoria is high. It does not imply that every such coin will be a scam, but majority are.
Also CRPT and Utrust are useful coins, I hope to see them in better conditions in future. But my coin of choice will always be bitcoin.