Although I am not too into fundamental analysis, I think that the market is actually in the process of moving away from hype and pump and dump dynamics. Blockchain is becoming a serious technology, and many of the best computer scientists in the world are working on making it viable.
For example, check out the Cardano (ADA) project if you are not familiar with them already. These guys are doing serious work in cryptography and have published many peer reviewed academic papers demonstrating theoretical and experimental proofs of concept of their work. I really admire IOHK for their rigorous approach, and I hope that projects like ADA coin set the tone for the future of blockchain.