any altcoin without 1 million in daily volume is a joke i.e. anything not litecoin

This isn't necessary true. Some coins with real development, and with some really innovative features can be far below 1 million daily volume, but in the future these coins can grow fast or can be the basis of future technologies (like Ethereum and IBMs IoT proposal), so I wouldn't call these coins a joke.
But you are right about the rest (copypaste crapcoins).