With what I can understand what altcoins are now wasn't what they were before, it was more productive, more realistic and made getting on board cryptocurrency more diverse you don't always have to base on Bitcoin.
But the problem now are different. Everywhere is filled with altcoins the more populated it becomes the More exposed it is to drop in utility.
While all this problems are happening to altcoins we also can part of this issue. Shielding, advocating and support project that are clear to fail for any financial gain or so on.
By standing with those sort of project you can
+Get investors scammed or regret why they invested
+ Lose your credibility as a cryptocurrency enthusiast
+ Make the altcoin sector become a total joke
And many vices.
Let's become more responsible with our action for a good course
This is so true and it has caused this industry a lot of credibility loss. In 2017 a lot of money bags came into the industry and we witnessed a surge to over $800b in market capitalization but that has dwindled to below $200b today. If not that cryptocurrency is tangible and has come to stay, it would've fizzled out with that crash occasioned by a lot of fraudulent projects. On my part, I try to follow selected projects and from a few BM in order not to aid scam projects in the way of advert as a hunter.