You’re right that most of them aren’t really solving anything, but there definitely are plenty that do. Gridcoin is at least not just a copy of BTC and tries to help the science and I do hope that those that have the computing power to at least pay for the electricity loss will continue doing it for the good cause. I do not have such luck now and have to keep searching for coins that will help me grow to the point where I can be doing things just for a good cause too:P. I think that Gridcoin will only go up with the rest of the cryptos and not too much on its own. And if there will actually be a pump, all those guys that are farming the tokens will just sell to pay for that electricity.
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I agree, and by the way, I have been mining Gridcoin for about two years now. so I have seen more than a few of it's peaks and valleys. I've even managed to sell close to the peak and buy in the valley a time or two. I do like that they are at trying to work toward a good cause and not just some clone coin.