Yes, so many kind of new tokens appear in the market and mostly end into shitcoins or unvalued coins. If this scenario repeat to happen in the crypto market this will be a bad image and maybe big investors will lose trust in cryptocurrency to there investment to put-in. Rather than focusing on those new coins why try to invest in the top10 coins which more secure at the same time stable.
for me, shitcoin doesn't mean it's not worth it. they have prices but not with projects that are clearly shitcoin.
they just come to take advantage of the bull market. create hype on their coin in the market and when attention is already in the market and get the price pumped. You will see them escape by selling all the tokens they have.
or maybe some coins go into our wallets but never get listed on the exchange. from our airdrops, bounties, or stupid purchases.