The ponzi bubble will pop once the "free airdrop" (which is neither free nor an airdrop) is over, possibly a bit earlier or later. Expect some wash trading from the devs to artificially inflate the price so that they can dump their load easier.
I can image that there will be a drop in price close to or after the last AirDrop since some will sell off their coins for profits. But I don't think it is a bubble or anything but that it will be temporary, then the price might stagnate while people see what will happen. As development continues as normal and releases come out the price will start to rise. Especially if it gets added to one of the larger exchanges since then it will probably take off.
That is my opinion but I am glad you shared your even though it is not in line with my thinking.