Altcoins are absurd. 99% are scams, vaporware or have no use-case. This is a full blown out Tulip Mania:
https://en.wikipedia.org/wiki/Tulip_mania ; Just a small heads up to those who do not know what happened with the Tulip bubble:

Even though I mostly agree... I find it quite funny and ironic that we are here talking about Tulips when that is the same they all were saying about Bitcoin some years ago
