@kevinwong - I think that we're witnessing a replay of the search engine wars of the 90's with the advent of so many new cryptocurrencies. As far as value goes, I think there will emerge one that becomes the next "Google" of finance, but due to decentralization will not have any where near as much a corner on the market.
Perhaps most of the ICO's will be worthless eventually, but I think bitcoin's scaling issues and the failure of national fiat will cause a flattening out of value across several of the top crypto's for a time until one emerges on top.
Nice observation! On my side I'm just investing more into what I'm actually using and want to be active in :)