Yes I'm convinced that many altcoins will die osomeday. You might ask why and my answer is simple, because many projects have basically no use case at all while some are not even brought forward anymore due to a lack of developers or other reasons....
It's honestly just crazy to see that some of those projects are valued in the millions without even having delivered a single thing on their roadmap. It's nothing else than pure speculation by some people that keeps those tokens alive.
That being said I sometimes question the investment skills of some people within the cryptosphere. I mean why the hack would you put any money into thin air? Into something that doesn't even exist neither show any progress on github after all?
I personally am therefore only investing into products that show some progress and are actively engaging with the community about it. What's your approach on selecting the tokens you put your money on?
I agree with you, because the purpose of most projects out there are just for making money and no real long term goals, it is pure money. Most coins will die due to lack of demand but the thing is there will always be a new cryptocurrencies that will be introduced day by day and it is just like a cycle because it is not regulated and people can make start their own ICO easily. In my early days in cryptocurrency, I'm very interested to invest on ICOs (actually I earned decent amount of money from it) but nowadays, I feel like its very hard to trust a startup companies because of this projects that are being copied and this scams. I'd better invest on a coin that is already out there and continuously being developed.