I have seen many reviews about the current new altcoins. Most of them are marked as worse coins with cheap prices, while the rest coins are indicated as scams or shit-coins. I rarely saw people stated that new altcoins are worth for investment or trading nowadays. However, new altcoins are always born from ICO, STO or IEO every month.
So, my questions are
1. Why there are still investors in the new altcoins project? For what they invest if they know new altcoins are only about risks and losses?
2. Who are those developers that always create new altcoins projects? Don't they know that most new projects just ended with failure?
*Warning: Sorry if these questions are ever made by someone!! I never copied or got an idea from others. This is my own opinion.
In coinmarketcap everyday new coin is listing even many times more coin in one day when you are about new coin those were from ICO, IEO or STO. They are taking risk because new coin has the best chance to pump. Those developers also create new coin for earn profit.
But that chance was only in the past now we all know and even developers know that new coins do not get enough investors and cannot be pumped on exchanges like the previous year coins. The developers are creating new coins only in the hope to grab someones money for their useless project.