Yes in this bearish market so many new coin and token listed in coin market cap but so many of them just copy others. With so many new coins every day, this is just increase the total supply of all coin and will be difficult for the price of that coin to going up. Not all new coin legit so make sure doing analysis and research before make invest in to it.
I think they make again a new token or coin from the old platforn because the old one's has seem to be hard to recover from its market. That's why they make again another coin to upgrade it and much more feature than before, for the successive of its coins.