There are also tokens that are dying because of the low demand and almost no support left anymore from its investors and mainly from the developers. The surge in the creation of token is still expected because the market is in the surge, they'll just join the defi hype.
But not that many of them will be highly appreciated by everyone and they're likely to fail than to succeed.
I think you're spot on with that assessment. The ICO boom was unjustified in my opinion and left a trail of dead and dying tokens in its wake, tokens that never really had a useful purpose to begin with. The boom was sustained by a bunch of scammers and lies, lies, lies; so I don't think there is going to be much interest at all in tokens in 2021.But not that many of them will be highly appreciated by everyone and they're likely to fail than to succeed.
Altcoins are a different beast altogether. There are a lot of good ones on the market, although I haven't heard of any new and good ones in quite a while. It's probable that the best altcoins have already been created, though I wouldn't bet the ranch on that statement. Which ones are going to survive? Most of them I'd say. But that doesn't mean that most of them are going to be worth much, just that they're going to exist. Should prove to be an interesting year.
