2,600 altcoins exist that have made it onto exchanges. There are only 8 really good coins.
Then, you have 8 coins or 0.3% that are outstandingly good, already have millions of users.
So, all in all, there are only 1% of the total coins that you need to worry about and do research on and 99% of coins aren’t worth pursuing.
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The title should be the majority of altcoins are scams, not all of them but the majority are scams and some of them are failures, some of them may have a good intention to create something great for the community but because of the competition and lack of support, they cannot keep up and they end up abandoning their project, those who made it in the market and doing great has all the composition to make their project a success, developers community and funds.