After rising from $20B to over $100B in total market cap it's going to be one violent ride until this rollercoaster settles down. I've used this time to assess and reorganize my holdings to focus on the ones which I think will do well in the mid term to long term after the bearish movements have come to an end and we reenter a short/mid term bull market again.

With respect to IOTA or any other Crypto that have just hit exchanges, they get massively inflated to begin with, all the time. And if they are sitting over $1B in total market cap from the get go they'll likely lose considerable steam until things settle back to normal and they can begin the rise up again. It's simply that they are unproven, and filled with Hype... so yes, way over bought. This includes coins that people LOVE, like Stratis, Golem, Waves, Augur. All have lost quite a bit since their all time highs a few weeks back.

Now, consider the valuations on Litecoin. How long it took for it to finally break that $1B market cap, and now the $2B market cap. Dash did $1B in relatively shorter time but even it's been around the block a wee bit and is now being accepted and used in the marketplace as digital currency. Until the newer tokens prove themselves, speculation is all there is unfortunately.

The bear market will end. Whether it's this week, next month, or in 2018. We'll be back to pushing the upper boundaries again. I'm trying to just avoid looking at the market bleeding right now, and trying to remind myself how far we have come from January this year. It's a great sign, just have to be patient.