So far, there is still much debate about the intrinsic value of cryptocurrency...
Some say that its value will depend on the project that carries it... it is also included in the important fundamental aspects that have a big influence on the future of the related cryptocurrency.
Some also think that its value depends on user trust and community trust, the more people believe without looking at what the developer does, the higher its value will be
However, on the other hand, regulation also plays an important role in its intrinsic value
Lets just say that every one of this things you said or mentioned, does play an important role in determining what the intrinsic price of a crypto asset is and will be, it's no rocket science yeah.
For we can't actually say that the success of a project alone determines what the price of their associated crypto asset will be, because I believe that not just me, but us all have seen or come across projects that have no product and utilities for their associated crypto asset, yet the asset is worth billions of dollars in market cap, a good example of this is some meme coins.
While on the other hand, there are projects with good products and potential utilities for their crypto asset, yet the asset is worth almost nothing.
So, community, trust and believe, products and utilities, achievements etc, all play a role in giving a crypto asset its intrinsic value.