Exchanges are the ones that usually win. The real losers are "noobs" who just got into crypto to make a quick buck. They ultimately get "rekt" due to bad investment decisions. After all, crypto newcomers only follow the hype. Don't be surprised to see an increasing number of "shitcoins" getting listed on big exchanges like Binance and Coinbase over time. You just have to do your own research to determine which cryptocurrency has real use cases that would change our world for the better.
Concrete results is what matters most. Not the hype. Why do you think Bitcoin has been a non-stop success? That's because it continues to deliver as promised with an active development team behind it. Even though it's slow and expensive at times, no other cryptocurrency compares to Bitcoin in terms of decentralization and security/reliability. If other coins were as good as Bitcoin, things would've been different now. At least, the crypto industry is growing. Who knows if all of these altcoins will improve Blockchain tech for the better? Just my thoughts