Great points. Market cap can be thought of as the integral of perception over time. It does, theoretically, integrate all public knowledge about the product, including performance and utility and misinformation and faulty conventional wisdom. I'm pretty convinced that in this industry the last two so distort the metrics, that its better to look at raw performance and utility...

ESPECIALLY if you are evaluating which product to build you own business on instead of merely which coin to buy as an investment.