when i enter the market. only more than 700 digital coins. However, it has grown to 2000 in recent times. Many of them are fraudulent. But there are also some dark coin to invest. you need to be careful
quantity doesn't matter, quality is important.
creating a new altcoin or like what they do these days, creating a token is very simple and it doesn't even cost you anything to do it except time. that is why we have thousands of altcoins out there these days.
but creating something that actually does something is the hard part. and that i why we only have a handful of projects that worth paying any attention to. the rest of them are only money making machines that every traders loves so they keep them alive.