You’re right, currently the market is speculative, and not really based on the actual real life application of the different Cryptos. The ICO phase created a crypto mania, but it also hurt crypto, because most of the ICOs are dead by now.

Only a handful of the Cryptos are actually being used for more than just speculation. Steem is one exception and that is why I hold on to it. I don’t care what is written in some of the new Cryptos white paper until they actually start materializing their objectives.

As for Bitcoin, it will never become the real world currency, how could it with such a low supply, and such high transaction fees? It’s not convenient. It is more a store of value, than anything else, and attractive because it is scarce and of course because of the brand.