two truths can coexist man.
To understand your first statement, you have to go back and look at th epattern of progression for the internet. The dot com bubble saw a lot of stuff come out that ended up just being hype only.
A number of factors make the first premise logical.
The nature of the market is one of them
Plus most alts are basically shit too and will struggle to survive long term.
Hypewise, they will be an opportunity to make life changing flips.
The ultimate playbook will be to find good projects to bet one with your accrued gains.