Maybe one could, but why would it?  If it did, wouldn't it get replaced?  If it will get replaced too why value it in the first place?

Most altcoins are hobbled by their creators motivations to line their pockets.   E.g. Ethereum premined 72 million tokens.

Most altcoins that don't have extremely scammy origins you hardly hear about because they don't have fat pocket books to buy placement on exchanges/website listings/conferences.

To differentiate themselves from Bitcoin altcoins make various design departures, some might be useful-- but if they're really that useful, Bitcoin will likely adopt them, so they need design departures that Bitcoin would never adopt and those tend to be ones that make the economics suck or which severely hobble decentralization at least in the long run.