'I have read the multiple forecast that up to 90% of the coins will fail. And I am inclined to belive these report but then again I sincerely believe that the other coins that will survive have the potential to make any investor rich and world full of new opportunities'
People forget that coins/tokens represent startups to a certain extent. And it's said that 90% of startups fail. Well, I would say the statisctics is probably closer to 99%. In this case though, it's a bit different cause these tokens that are out there now, they are not pegged to the company, they are not equity tokens. So if the company ceases to exist but people will continue to use the token for a certain cause, then it will survive. E.g. Useless Token or Doge - they were jokes at first but as people are trading them, they became kind of established coins.
I agree with you but for a token to still have some after the company ceases it has to have a lot of capital invested in it already and also not I doubt that market can support thousands of coins that do not offer any improvement to other major coins. Anyway a lot of ICOs can compare to start-ups whereas BTC for example hardly can.