As we are witnessing the current crypto market trend as it's going through a rough ride and I feel this is a year of correction to correct the price of altcoins as there are some altcoins which were overpriced and similarly there were altcoins which were underpriced and I believe this year everything will be sorted and market will be more streamlined.
Possible.
We can even label them as bubble that has been burst already. But the thing with crypto is that even if we know that its been pop, people are still willing to pour their cash and make a lot of money, but simply pumping it again and hope that others will ride the waves. So even if see correction, sooner or later the price will be overprice again so I don't think that it will be the new beginning, for me it will be cyclical in nature.