Every couple days a new coin comes out that gets abandoned by the dev. I am having trouble understanding the thought process of this. My guess is it is either one of these options.
- The dev is extremely lazy and/or has so many other coins that they cannot keep up with them. The plan is to release a coin, hope they get support and come back days/weeks later and dump a bunch.
- It is actually a well thought out plan to get people to waste their hash on tons of junk coins while the big miners mine all the "good" coins.
Could there be any reason I am not seeing?
that is exactly what is going on. some don't even have the endurance to get it onto an exchange. sometimes they even use the same username to announce a few new coins thats how lazy they are. and if the community does not jump on their new creation in an instant, they just leave it behind and creat the next one. i don't think this will end soon, because it is so easy to create a new coin and so many try to be the first to mine it.
most of them die after they hit the first exchange. the dev dumps his coin and leaves the community behind. they try to hang on as long as they can. some go even so far and try to "revive" a coin that has been left to die, thats how desperate some are. even if they manage to find new devs to keep working the stigma of the "dumped coin" remains and at that time the price is most likely very low and impossible to turn around.