In beginning of 2018 there were a lot of alcoins was launched in market, Most of them was just to scam people with typically referral method by social influencers.
Actually, making Altcoins is easy, which is difficult to find investors or capital, we can all create Altcoin projects, what if we don't have financial support we will automatically fail or die.
That's what causes a lot of Altcoins to die today, they think they can make big profits, in fact they don't, actually their goal is to make altcoins want to cheat, but they are aware that they are deceiving themselves.