I certainly do not know all the coins, but lately I have noticed two coins which seemingly out of nowhere occupy places in the top 10 of all coins: Tron and Cardano. I took a closer look at these two coins and realized that there is only an idea behind these coins and that the implementation is still a long way off. Although the intentions and technologies are described in great detail in the respective whitebooks, this does not justify a billion-dollar market capitalization for a long time.
Even in the boom times of the technology sectort in 1999/2000, there were many such companies, but I can remember that at that time most of these companies just had a market capitalization in the tens of millions. And that only because of an idea and imaginatively highly projected sales growth. Today, 18 years later, two coins together combine a market capitalization as high as that of e.g. Ford. I think the word "overvaluation" for Tron and Cardano is still an understatement.
How do you see that? Are you right or are you of the opinion that you can not compare the coin market to the technology sector in 1999/2000? I am looking forward to your comments.