I used to think so too. Now I think the market is dumb as a box of rocks, and way behind. It values the 'pyramid/greater fool availability' of a coin. For some coins, the pyramid is th
e main part of its value. A good long term investor needs to tease out what part of the value is down to the pyramid scheme, and what part is down to the technology. If the pyramid asp
ect is very large, it drowns out the technology aspect, and so the price, and price movements tell you very little about the health of a coin's technology and ecosystem.
p looks small now because it is standing beside the huge BCH, XRP pyramids. But if you separated each market cap out into 'pyramid' and 'technology' components, BTC would be top of the