You make a really valid point about many low priced coins not bringing anything new to blockchain technology, the are pumped by investors who are scared of high prices for entry points or who "drink the koolaide" from celebrities & influencers. This same impact can be seen im the stock market. Stocks split for many reasons, but many times they want a lower entry point for investors. Amd stocks get hyped all the time. We'll see the same playbook with cryptos.
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Yup. I dont think the entry price is a big deal, because you should be about percentage growth. Entry should only matter if a coin is underpriced or overpriced. But price alone is not important
True. Investor psychology is an interesting study though. Price does matter for some who haven't trained themselves to look past the baseline Unit of Measure (in this case a share of stock or a whole coin/token).