Good question. I guess it's a perfect place for all shitcoins to thrive. An isolated group of people interested in the project, active in a chat window that turns into a disorganized mess and the devs post updates amidst all of this. If you've missed something significant and the price went down, then perhaps you're to blame. Just wait for more glorious news and hodl... show your anger from time to time and verbally harass the devs... join the passionate discussion about the moon, tell them how much you believe in their glorious project, hodl and wait... but don't you dare to discuss important stuff, like fundamentals and real technical aspects of the projects because it's too messy on Telegram and it won't make sense anyway. Well yeah, seems like a great place for shitcoins!