I think the “average joe” is just fomo throwing money into whatever raises...cryptos are here to stay and I think all the predictions will become reality in the long run but it reminds me a little bit about stocks like Tesla where the share value doesn’t reflect its revenue or roadmap.
It is an investment with a future vision but in reality nowadays all major cryptocurrencies are too slow for mass adoption, that is why I see that a lot of people who don’t understand what they are buying might lose a lot of money if a crash due to overpricing occurs.