It dosent take a genius to copy paste and promote to the next generation who dont want to drive up the price of existing coins,
ad infinite. As new coins grow they offer better returns and the existing ones suffer inflation.
My point is that those coins will be run by non-geniuses. I'm not betting on morons just because they may luck out on the pump and dump circuit. If anything, more coins means big names continue gaining ground as they at least have brand recognition, much like blue chip stocks.