Does high tx count and low price really mean utility? Seems it could also mean market is unsure of the asset's intrinsic worth and speculations are constantly in flux. Or could mean lots of speculative alts being built on top of main chain, things like Omni?
It’s difficult for people outside of this space to see, as you only notice when news hits the front page. I work at a major crypto exchange (Poloniex) and all of our metrics are very bullish. I don’t think your 2017 opinion is relevant anymore.