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Amidst a numerous quantity, you can locate all kinds of coins, good or bad, dead or alive. Just as there are some dead or shit coins on the market, there are equally a good number of alt coins doing greatly well on the market. A coin like Docademic has pushed forward from the position of 800 to 120 on the coinmarket in the past few months and has got all the potentials to move forward again.
Certainly they are not. They are still in their infancy stage. Though there are scams, it doesn't mean that all altcoins are dead pr worthless. That's why its important to research a coin well before investing in it. No matter the price now, it would bring profits in the long run if the project is good.