You shouldn't call them out like that, essentially people with enough money in pockets when start buying any coin off the market as a natural consequence price will pump.
Thats called a speculative bubble 
Do I know this is a bubble formed by firstly whales and secondly the community (community with buy power starting from $10 up to $10,000 and above that considers whales which in turn they have their sizes) and there is actually no use cases for such an altcoin in the real world?
The market capitulation of altcoin is in a crazy bubble. What could ETH do when price was under $7 and what it can do now that price is 10 folds?
Nothing.what will happen when people start trying to take their profits out?
Imagine the panic triggered if the SEC suddenly were to approve the appeal (the reason for rejection is nonsensical is anyways). Altcoins would plummet into an abyss as people run to save their wealth.I hope im wrong, but I think the current bubble is mostly triggered by the SEC re-considering the ETF, and I think they didn't re-consider it themselves, this is just the Winklevoss being insistent. Nothing has changed so the ETF will fall again which means the price will probably crash then recover finding a new floor. As this happens, some alts will fly, possibly LTC, and maybe ETH goes even higher.
People just love to speculate and to make money without working, this is why I think altcoins will never disappear, people love the crypto casino. Making a great trade feels too good.
What bubble are you talking about? Bitcoin is far away from being in a bubble! It's rise because of demand, because people need to buy BTC to get some alts, and people who shift some of their profits from alts back into BTC.
I can't see any relation to the ETF review here. Not yet!
