Let us analyse iota....this one is trading in top 10 and already has a market cap of over two billion....ques is , is it overpriced an in a bubble....well to answer that , let us look things into perspective. Facebook has a market cap of over400 billion. Google..over 600 . now in comparison to those Two, the entire crypto world is a dwarf at only 150 billion dollars. IOTA is having only a minisquel part of it. But considering the fact that IOTA is the currency of the future with no present practical use, the current price may be a speculation.
The price which is just under a dollar argues that for IOTA to take a further leap.... say 10 $, the market cap has to go to 20 billion without any practical use in next Two years.... This sounds impossible at the beginning but wait and analyse future and it would reveal that the current market cap I'd Courtsey money from only US and Europe.... Asia is not in the game as yet which usually brings a lot of investment.
So I think a couple of things can happen now.... either we Will see the price level correct entering a bear market or more stimulation through Asian markets... either way I would suggest that buy now and take a long profile for say 5 yrs....it will give you expotential returns