i am glad to see others are also realizing this fact about altcoins. i was just reading another topic in this board about 10,000 altcoins and buying pizza with it! and it is the same story, nobody is really interested or capable of using altcoins.
i bet that less than 1% of a particular altcoin users actually own the wallet of that altcoin, they just buy and keep on the exchange until they dump it.
that's the problem, they just want to get a stake and dump asap to make a profit, simply trying to create value out of nothing, and don't care about developing or actually investing in it.