This issue has give a lot of concerns to many that have been into crypto for quite some time,as regards what will be the fate of cryptocurrency in near future. Every time, every day, we see new projects come up in form of ICO. The worst part of it are the airdrops. What happens most time is that those who bring up one airdrop or the other just end up using the community to achieve their aims.
I was formerly a fan to airdrop. All i noticed was that most of the airdrop tokens i got and that i decided to hold are no more trading at the prices they traded initially - prices dropped drastically. The worst part of it is that some are even dead.
For every 100 airdrops, there is most likely 1-2 that will be anything worthwhile. I think i'm going to start really looking into airdrop's and tweeting those potential few that will have any merit in the future. Airdrops like Rebellious for example, was among one of the most solid coins to airdrop this/last year.
Aside from that, you're correct on several of your points. We are just in a phase where many think they can enter and become a millionaire overnight, which is not the case. There was a time, before the masses poured into crypto, where this would of been possible, but every coin is starting to meld with eachother and become indistinguishable.
The market has essentially become oversaturated by utter trash and garbage. It's becoming increasingly difficult for myself, and i suspect others, to find those crypto gems.
Agree with tk808. I also think that in the uncertain future, a lot of junk COINS or projects will become "0" and leave the market. Everyone wants to be a millionaire, but apparently that time is over.