depends on the shitcoin
some have buybacks and burn programs
some have limited supply
Not enough reason to compare the parameter of scarcity to that of Bitcoin.
The margin of some shitcoin has huge difference on number. Bitcoin is 21m most of the altcoins out there are over 21B and again altcoins with buyback or burn programs rely on the project revenue or token trading fees. If it happens that the profits dry up, no buybacks happen, and supply remains high.