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 .
I just hoping the developer of the project can't do that. Cryptocurrency/blockchain is very useful technology which can be benefited by many people in the future. So as when mass adoption comes they just pick the project which suitable as their needs.
We can see bitcoin with its history, just a few people who interested to it a few years back but now when the technology can be trusted can change everything then it has becoming popular and many people who interest now. So, I hope that will happen to new altcoin in the future. As long as the team's project is real and they do anything to build up their project and I guess the coin will not end up to shitcoin.