many projects are based on ethereum, so it's no wonder it's called the king of altcoins.
Yes, and many people also like Ethereum tokens so that there are very many enthusiasts, despite the many new projects that use the Ethereum platform, so I think Ethereum is indeed very worthy of being called the king of altcoins.
till whenever ethereum still be king of platform , at this moment there is no platform provide easiness in creating smart contract like ethereum did. developers team more familiar with eth platfrom and they didnt want to spend more time just for creating token. if compared with other platform , actually there are alot competitors which is have same feature. but as pioneer in smartcontract creating, eth still the king.