Well, we cannot deny the fact that we have a lot of bitcoin fanatics in this space and a lot of people in that category actually see any altcoin as a distraction for this market, considering that bitcoin would have grown far more than this, if shit coins do not actually exist, or sorry, if altcoins do not actually exist.
Jokes apart though, there are still some altcoins we can at least say they have some product, even though it is not set for real life usage, but not like the whole market is even set for that yet.

However, if we really want to look at the number of coins in this space with no product whatsoever, you will realize we actually have more of shit coins in the alt market than coins that should have real value. If not for hype, I will be paying a lot if I end up paying $0 for some of the altcoins, and in fact, it is even an insult to my Ether wallet if you dash me some tokens.