That topic is more for the Altcoin section.
Basically 99.99% of the new projects are trash, just to follow the trend, create a meme coin or "too good to be true" kind of scammers.
All of them are driven by greed, so they all end up in oblivion.
I strongly disagree with you that 99.99 per cent of Altcoin are trash, but I have no doubt that they're all element of centralization, We have Alt Coin that are really doing well for themselves, and things has really been upward for them.
My only concerning is creating a token without any plans for such project, I think the earlier we stop comparing BTC standard to every other will be far greater and better for us all. BTC open a new of possibilities, so it should always been respected for that. In conclusion some Alt Coin are superbly good, and some are useless, but not 99.99%. Also I will advice to stay away from project without real utility and use case. Be warned