Parts because it's purely gambling (unless you're Elon Musk and can affect the price with a single tweet), but also because of the environmental impact
@SimonForsberg I found that ones based on proof of stake instead of proof of work don't have all the mining BS going on
I understand the gambling mindset for Bitcoin, etc. but the one I'm looking at is WAXP which is related to doing transactions with NFT's, it seems to like have an actual purpose