Invested on countless shitcoins in the past and currently, most of them have already halted operation and the poor investors are left holding worthless bags on them. There'd be countless crypto out there that would seem legit but if you look closely, they're nothing but another scheme to make money for its devs. I believe that 90% of the existing coins are nothing really special, just a normal copy of some prominent coins with some variations here and there. At the end of the day though, investors would ultimately decide the fate of a coin.