SATURATED CRYPTO MARKET! How to choose which coin to mine?

[CheekyChappy]

Now that all sorts of crazy crypto's mostly with failed launches are trying to emulate the initial success of Dogecoin, how do you go about selecting the best coin to mine?

Personally I think the hype and media attention surrounding new releases does help (Coinyewest coin being a good example of anticipation).

Having said that, too many miners are wasting their time mining coins as soon as they are released and not being to get a healthy return on them. Cryptsy is flooded with too many crypto's while exchanges such as Coinedup and Coinex are now adding too many which adds to the mess.

What next? This status quo cannot go on because if not stopped it will fuel the confusion. How can we sort this mess out? Miners are not sure which coin to mine so they rush to mine all new releases, some miners return to their other previously mined coins and others jump from pool to pool searching... Traders do not know which coins to buy and sell, instead of taking calculated guesses they end up taking guesses and just buy and sell without knowing much about the coin or the market.

What can be done to bring order to this chaos?

[MisO69]

Nothing, just ride out the storm. This is just a bunch of new people getting on board after Dogecoin. Its people being people. They see the success of Doge, think they can make millions and so they put out their own premined coins. Can't blame them really. Were all here for the same reasons.

[CheekyChappy]

EDIT: Sorry, I think if there was a medium or code of ethic which regulated crypto releases then it would much better serve the miners, pool operators, exchanges and traders.