currently cryptocurrency is growing, and it looks like this will not end there. many new altcoin / token developers are trying to compete in this space and show that their atcoins are worth defending and trading. Although it is true that a lot of new altcoins / tokens come and go very quickly, this at least shows that altcoin developers will not just give up.
actually, it is difficult for new tokens to compete in the market with old coins. especially with the same platform with a little innovation. the existence of new coins today is mostly just hype. after the little pump happened, they might just disappear immediately. not many last long and can compete with older products in the market. but indeed the productivity every year seems to have increased quite high.