Why is fundamental analysis of Cryptos important?

In the volatile world of cryptocurrencies, why is fundamental analysis deemed crucial? Is it merely to assess the intrinsic value of a digital asset, or does it serve a deeper purpose? Does fundamental analysis help investors identify long-term trends, predict market movements, or mitigate risks? Moreover, how does one differentiate between genuine market signals and fleeting hype? And lastly, in the face of rapidly evolving technologies and evolving regulatory frameworks, how does fundamental analysis need to adapt to stay relevant and effective? These are the questions that plague the minds of investors and analysts alike, as they seek to navigate the complex landscape of cryptocurrencies.