The way I see it altcoins have three things going for them, their tether to Bitcoin dragging them along, retail being too lazy to learn and diluting their decision to allocate to this space based on unit bias and three the idea of yield, people just love yield, their brains can't get around CAGR, they need a nominal figure to increase, thats how they are wired so they'll chase anything that offers some sort of cash flow.

Its all tiresome and pointless, but I guess people have the right to do with their money as they please