People want to make money on the trend. That is why, during the general growth of the cryptocurrency market, a lot of different projects were created.
You are right. But now there is no growth of cryptocurrency, and new projects of ico don't cease to create. And so really now someone invests in them?
Perhaps this is some kind of Napoleon syndrome, because many are beginning to call the coins by their names. I think that this is complete nonsense and market correction to quickly throw these coins into a landfill.