Have no fear, the law of supply and demand is here.

I read someone predicting that people were going to lose their life savings? I hope individuals are not investing their life savings into alt coins. Not a good idea. The bottom line is "developers" are going to keep cranking out coins until it is no longer profitable to do so. Back in the early 90's the same thing was happening with search engines, it seemed like a new search engine was being cranked out each day. Eventually the market decided which search engines were valuable and the others fell by the waist side.

There is a temptation to blame the exchanges, but ultimately it will be the market that decides which coins succeed, which coins have value, and which ones are worthless.