We will not see much money in bad alts. That is a huge difference. And most of the alts are very, very bad.
The point is not that many altcoins are bad!
Many of these altcoins can not be considered altcoins precisely because they are no more than shitcoins!
Then we have Bitcoin, a part in Altcoin and all the rest Shitcoin!
Shitcoin by definition are those that have no real applications or intention!
Sirius is probably in the altcoins class, with full ambition for one.
We will have to wait and see how Sirius works out, but yes, as you say the market is dominated by shitcoins and that's bad for the overall reputation of crypto.