That's because nobody really cares about what crypto can do anymore, and only cares about making fast money. If you internalize this fact, then it explains why

That's because nobody really cares about what crypto can do anymore, and only cares about making fast money. If you internalize this fact, then it explains why people just keep their coins on exchanges, why they buy centralized "cryptocurrencies" , why they leap at the chance of buying the latest Paris Hilton NFT and why they keep defending Tether as legitimate. Fundamentals are thrown out of the window unfortunately.