No, you're right, in the long term this will stop happening. Once tokenized communities becomes a normal concept, people will chose communities based on preferences, and most communities will have stable prices once the dust settles.
But today crypto is 99% investors, looking for gains. There is clearly a lot more retail participants in the bull market than in the bear. And this will affect hive and leo finance, we can't deny that, for at least 1 or 2 cycles.
People will move to a different tokenized community/start a new one. If a sports community has a token with price going up 5% a year, while another sports community has massive inflation and the price keeps going down, it's easy to guess where people will want to park their money. They will buy and hold the token that goes up, so all the activity will move there.
Of course not everyone. And not all the time. Some people stuck with Steemit, and people stick with hive. But we can see how difficult it is, you must have a vision. Most people just lose hope. They don't care and they leave, then come back when the price starts to pump...
I remember one of your posts where you said that the token is the platform's marketing. I 100% agree, which is why it has to go up in value.