one of the ALT factors is down, because most of them are shitcoin but this is also the reason crypto is increasingly in demand, even though the market conditions are sluggish.
people make projects sometimes just to do pumps and dumps don't make good projects, but there must be one good project among them.
The demand of altcoin will be divided if there are moreshit project created and people investing in it.those new project not really help the crypto industry jus making it look worst .