The Global censorship-resistant peer-to-peer aspect of crypto has value for the person that uses it, but that is not what determines the price, it is what gives a human some utility.
Are you making the argument that the more people use a crypto to transact, the higher the market cap of that crypto will be? (All other things being equal)?
I mean it may be that increased transactions are only one sign of that crypto's desirousness so higher price is just a side effect? But this chart doesn't seem to indicate that.