Many ALTS have NO value: Maybe the market will correct to this fact of life.
As an example Tron was built on hype and has a huge marketcap: I am using this as an example regarding hype and overpriced!
I fully agree with you, this market is quite young, is quite new, will have many projects and ideas born means many coins are born, there is too much coin to bring value to the community for the blockchain network, they will soon be boycotted or the developer team will not price and die.