At some point cryptocurrencies will only be as good as the project it's attached too. Right now FOMO is guiding valuations for most and it's a double edged sword. It can yield great profits, or absolute nightmare loses.

Despite this volatility, regulations won't kill off cryptocurrencies IMO, they'll just add enough control so that governments and financial institutes can take a nice slice of the crypto market pie.

I believe banks and financial institutes are suffering from a FOMO right now too. Just look at Goldman Sachs buying up a crypto exchange, or how banks are happily signing up with Ripple. They all want in, they just don't want to overpay or be the ones left outside with no power in the market.

That's my opinion anyway. It's a very exciting time.