No one really understand the background either but there are still many people taking risks in these coins, some making money while some ending up their life savings to the hand of scammers so better becarefull while investing in such projects.
I miss those days. Even in early 2010s when the price was sub $500. The funny thing is that the only thing that has solidified Bitcoin into the actual market is the darknet through illegal purchases. As soon as crypto is viable across markets, it should settle and become more viable for trading / investing.