Too many shitcoins who have no business in cyprospace making people rich. It starts first with the ICOs where projects that could basically succeed with just a whitepaper and a basic website demand $40 to $50 million dollars from investors. This is where the owners of the ICOs make their money.

Then the investors who do not bother to research and ask important questions but are quick to buy the coin/token because it is about a cent. All they know is x10, x40 x100 e.t.c of their investment and this happens when the shitcoin with no meaningful usecase is being pumped and the early investors make quick profit. By the time the late investors, get into the game the shitcoin is dumped hard on them. And the cycle continues elsehwere. Many no longer bother what a coin can really do.