ICO's are really big business these days.

"An economic bubble or asset bubble (sometimes also referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania, or a balloon) is trade in an asset at a price or price range that strongly exceeds the asset's intrinsic value.
Economic bubble" - Wikipedia


Intrinsic Value Definition | Investopedia
"Intrinsic value is the perceived or calculated value of a company, including tangible and intangible factors, using fundamental analysis. Also called the true value, the intrinsic value may or may not be the same as the current market value."

google: current market value of ICO's?

Exact definitions are not the point:
Do YOU consider ICO's/ETH a "BUBBLE"?
Discuss
Why or why not?