Does the cryptocurrency project have intrinsic value?

I know for sure there isn't any when it rises.

When it falls, will it drop to the central range of intrinsic value? If it breaks below, will it rebound quickly?

Among the projects I am currently tracking, only those that can provide objective data and are industry leaders have intrinsic value. By calculating intrinsic value, it can help in bottom fishing.

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