I like to example that social media. Facebook, twitter, instagram. We all know that these are the most famous and most used social media in the whole world. But when we look at the past. There are some first social media that was created. Like friendster and etc. They made a new social media because of exclusivity. Every people needs a new way of doing something.
The reason why friendster had gone to lime light is because it's lack of features that people needed to every day lives and so when facebook came into the picture it took over the social media and become no. 1.
But in the case of crypto currency, since people see that there's an opportunity to make money they think that this will be a great idea to make. Just create a coin and make it look a legit one and raise a crowdsale then plan an exit scam.
Older altcoins are really good but with the booming of icos and lack of regulation, altcoins getting shit every day.