The crypto market is still very far from reaching any levels of sanity.
While I hate $BTC, seeing scamcoins like Doge, LTC, ETH and similar schemes getting hyped instead of real p2p money is rather disappointing.
Value based on utility? That's dangerous thinking, Twatter.
The banksters who took over Bitcoin Core didn't just block a blocksize limit increase... they actually DECREASED the hard cap from 32 mb to 1 mb (note the 1 mb limit was originally a soft limit). Sources below