It's not necessarily a bubble, but rather a correction similar to those happening in the crypto world. I think that's how the market works: when something is over-valued, people will soon realize it and "the bubble will pop".

I'm not trying to get into a petty debate over semantics, but it sounds like you're saying it's not a bubble but it is a bubble :P

But yeah, I do expect the market to keep balancing itself out, as it usually does. A lot of crypto's probably won't suvive and some unexpected ones will soar. Whoever manages to predict which ones those are will get rich. So it goes.