Why most of ALTCOINS are dead or worthless?
In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.
This was also a flaw of Ethereum blockchain where any single person can create his own coin with his desired supply and name by costing very low fee.
Tokens issued on asset platforms as Ethereum are not really altcoins, they are tokens. They are worthless because they have no meaning. They have no use case. They never had and meaning and use case. They should never be crated. Well they could be created, but they should never been traded for any serious value.