this is true about all the altcoins without exceptions, names doesn't matter these days they are all lacking development and innovation.
it has been becoming a common thing in altcoin market that anybody with even a small amount of programming skills goes ahead and makes a random altcoin and then he doesn't know what to do next so they stick to releasing wallet and other meaningless stuff and call that development.
and until this way changes, nothing else in altcoin market and their values is going to change.