All cryptocurrencies are in a bubble at the moment. There are a ton of investors throwing their money into it speculatively without any understanding of the tech.
There will be winners and losers but which ones will be which remains to be seen.
I'll get the popcorn :)
I think this isn't the last major downturn befor the great upward rise of bitcoin.
I hope you're right. The fate of many alt coins depends on it.