Sure there are many cryptocurrencies that really provide not only real world applications, but also tremendous value compared to centralized competitors, money transfer being the first one to come to my mind.
In fact, among all of us in crypto universe, many people do extensive research and elaborated investment.
What I wanted to point out was how much money is blindly going into projects with nothing but a whitepaper and a couple posts in bitcointalk announcement section, making millions through ICOs.