I've seen the altcoin scene quickly devolve since the release of Dogecoin at the end of 2013. The release of new gimmicky coins started to really pick up around that point and then went into full force in early 2014. And it is almost now 100% about creating the next pump-and-dump that will make you a profit. Kind of sad really as people trying to launch a legitimate coin, like it seems you might be trying to do, just get drowned out by all the scamcoins.
Well said. But I think it's a matter of one's investment goals. If you want to profit from short-term trades (riding the pump & dump), or if you want to invest long-term. But those goals must be clear.
The hottest new algo may give you a chance to profit from short-term volatility, but don't kid yourself, that hyped new coin, will die in a few weeks when another technological advance replaces it. If you want to invest long-term, it's the user community, the ones who actually spend the coins that will make the difference.