Are utility tokens worth anything?

The cryptocurrency world currently is in limbo regarding its market valuation, identity and regulatory stance. The crypto space is still highly speculative regarding coin/token/project values. There may be some confusion leading to overly bullish speculation, which begs the question: are utility tokens (most current cryptocurrencies) overvalued?
A Quick Explanation
For those who don’t know, a utility token represents “a unit of account for the network. The bigger the network grows, t