When trading you just have to forget about real value, what counts is the value others give to your assets and the future value they will have if you are holding.
Don't you find this a bit crazy?
Crypto is great in the sense that it brings freedom but FOMO will hurt many people as the masses jump into the wagon.
I think there will be enough big case losses to make people scared, with enough benefit to make people try - most will go small and test the waters. Overall, despite the early pain, it will be better for people to learn.
It is crazy but it is the way it is. The same applies to every market. Think about the cost of a concert ticket or a sports game and the price some people pay whenever all tickets are sold. It has nothing to do with "real" value. What may seem real value for one person is different for another, there is no real absolute value, it is completely subjective.
I wonder if there is a single point where the value is the same for everyone.