I'm not sure I could agree more - there are so many altcoins that are backed by absolutely nothing but speculation (some of the top coins are backed by tech and/or the ability to buy things with them).
I'm worried that at some point we'll hit a large altcoin dump that'll make everyone re-evaluate how much they value altcoins.
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Yes. I think a market "reset" is way overdue. Hopefully it won't hurt the little gems out there.