Exactly. It's all about the hype. Not the underlying tech of a coin. Why do you think worthless "meme" coins are popular? Because they've brought the attention of big whales and influencers. Crypto projects thrive based on the amount of money entrusted to them by investors. Money talks, right?

I'd expect more altcoins to lose their luster until they become history. What was once a "gem" will now be considered "garbage" as people move on to the next big thing. Just diversify your investment to minimize risks of loss as much as possible. As long as you do that, you'll have nothing to worry about.