It feels like the value of a cryptocurrency is indirectly proportional to its utility. If people are actually spending a cryptocurrency instead of holding it as

It feels like the value of a cryptocurrency is indirectly proportional to its utility. If people are actually spending a cryptocurrency instead of holding it as a speculative investment, then the price of a coin won't go up (at least not anywhere near the rate it is now). If people want it to be used as a currency, then the price of a coin needs to stabilize but I doubt most pro-cryptocurrency people want that.