That's because everyone is free and easy to make altcoins, some can even be made at a low cost, sometimes I am sad because some bad guys utilize this for fraud, therefore be careful, always choose coins that have a potential future.
Supposedly the token generation fee can be used by competent people in the blockchain field but in the free market everyone can meet the token generation fee so many new scam projects, more and more new scam projects are added so you have to be careful to analyze the project before investing.
Don't too quick investing with new coins, always find the good reason behind and make sure that there's true usages in the long run,
make sure you are good in doing your research,
It helps a lot if you will do your decent recent and keep digging deeper with the project that you wanted to support, everyday there
are many alts being created, make sure not to fall with sweet promises but always do your DYOR.
I think this gets lost with a lot of new investors, the whole DYOR research thing. I lot of people made a lot of money with GME/AMC/DOGE, but also a lot of people lost a lot of money.
New investors don't know how to DYOR properly, I didn't when I started.
What do you think about an upcoming project like Black Eye Galaxy? I am personally excited that I can own a planet and make returns on it in several ways. Have you looked into that project? I am curious your opinion.