Giga Watt Token (WTT) - Can it have a large market cap? I think not.

So, for anyone who doesn't know what Giga Watt Token is, here is the website that explains it: https://cryptonomos.com/wtt/

I was told by some people that this will be big since there is such a low supply and it will cut down on mining costs and also the fact that you can rent them out and collect a residual income from them... BUT... I don't see how these will ever be over $1-2 for a sustained period of time because each token is only worth 1 watt of mining power! It makes no economic sense for someone to pay over what its worth to use to mine or rent, so, unless I am missing something, it doesn't look like the price for these will go any higher than $2 in the long run. I can see it getting pumped for no reason in the short run but even that doesn't make much sense, there are better coins to pump that don't have a capped intrinsic value.