As a newbie to crypto, I find things like this mind-boggling.
From an economic point of view, the established cryptos make sense because the masses have assigned values to them and they are tradeable.
However, these new spawning coins via either fork or ICO make no sense to me. It's all just speculation that "this one will be the next Bitcoin" or whatever.
What's the point in it all when you have established cryptos that you can already use?