Is Crypto “investing” just Gambling?

I like the idea of owning my own money. I think stablecoins more or less have this covered.

When people say tokenomics, it seem to mean how likely is this coin price to dump or pump:

is it stakeable (less sell pressure from retail investor) what is the vesting period (what is the sell pressure from VC and institutional investors) what are transaction fees like (is it high enough to prevent miners/validators from dumping) what is the ecosystem like (how diverse is the shitcoin range available for swapping) on-chain activity (how many people are sending the coin back and forth from wallet to exchange or swapping it for shitcoins on dapps).

None of the tokenomics are really related to anything aside from a zero-sum evaluation of whether line go up or down. It has nothing to do with profit margins, company growth, new products.

So, its like we all put our money on certain numbers on the roulette wheel and hope to get lucky.

Edit: I think some people may make the analogy with stock market. That’s fair enough for most, but remember Apple, Microsoft, Amazon, these companies make real products, provide real services, around the world, they employ thousands of people – there are so many metrics besides lets say “stockenomics” that you can evaluate – hence my argument that crypto investing is gambling.

Edit 2 TLDR: There is no real objective measure of value for a token aside from short/long term sell/buy pressure of the naked token itself.