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Couldn't agree more. Although I might say:

1- I think it is unreasonable to think that the crypto market correction will boost every single ICO. I believe abandoned or highly overvalued projects will have no value / will underperform as a investment.
2 - We've been seing abit of a trend of govern issued bonds (starting with Singapore). If that ever comes to be dominant among countries, maybe the crypto-strict-currencies, won't grow that much in value.

I like your point though.

What are some of the most overvalued ICOs in your opinion? Bancor is one in my book.

Bancor is my absolute #1 as well. I guess Tezos and BAT would be on the top as well.