Yes! Performance is very important as far as coins/tokens are concerned. Currently, the ages of coins/tokens has not really made any difference because, some coins that were lunched 3 to 5 years ego are not living up to the expectations of it's followers, investors, and traders. Bitcoin, for instance, has been doing very well having been consistent, at least for it price and it volume, as per coinmarketcap ranking, are very good.
In addition, it is sad that most coin/token that were lunched just last year, are performing more than those that has been around for more than 4years. Most coins are performing on volume but their prices remains static, and i think it doe not profit investors or traders even Holders. I also think that coins/tokens ranking on volume only are not performing in my opinion.