it's true a lot of new altcoin appear every day, I think we also need altcoin to keep our investment if other coins down there is still another coin rising, I also invest in altcoin
There are many projects, but not all will attract investments, and not all will be able to correctly distribute the collected funds. Be careful when choosing a project.
I think that only the most necessary altcoins will remain in the future, many of them will disappear, because they will absolutely not be needed. We need altcoins for the develop future, but not all.