Project devs often have next to nothing to do with pricing. They're building whatever product with a public ledger and a currency type of thing involved with it. Please stop blanket statements of this is a scam! One can say the valuation is grossly inflated, there are a lot of bad actors, etc. but my god this idea that internet money (but of course not that inflation-ridden bombs-not-gold-backed USD!) Is a scam by definition is childish.

Tether? Scam. Ripple? Scam. Most shitcoins? Scam. Crypto as a technology? It's just code, and open source (usually) and you personally can get involved by submitting a PR.

People buy stonks with VERY little understanding of what makes it worth something. Same shit