Does the cryptocurrency project have intrinsic value?

I definitely know there is none when it goes up.

When it goes down, will it fall to the central range of intrinsic value? Will it rebound quickly if it breaks?

Currently, among the projects I am tracking, only those that can provide objective data and are industry leaders have intrinsic value. By calculating intrinsic value, it can assist in bottom-fishing.

But I always feel that this model has some problems, yet I can't figure out what it is.