It looks like new Alt coins are launched with aim of just grabbing investors money. Now we have hundreds of thousands of alts in the market and it's natural that worth of alts has to go down due to so many alts circulating in the market. Moreover Alts are launched with claim of novelty and innovation but majority of them failed to deliver that or are either abandoned by founders soon after the fundraising phase is completed.
And what everyone is after now is money, both the developer and the investor, they are more concerned about what they will get in return, but what they are supposed to be concerned about is the structure of the program and the project road map, because when it comes to project the success of the project, and aside from the kind of altcoin, there are also better ones that have raised enough money that will sustain the project and not dump it on the community. After all, that is very common in the market.
And they come with mandates that they want to be the game changer, and at the end of the day, they will end up doing the same thing, and that's what they should do. Try to do better, and when you visit exchanges, you see a lot of coins with little to no value, and they end up delisting them.