Many people asking why there are a lot of altcoins, and they suggest limits the altcoin making should be done.
The reasons why I don't agree to limits the altcoin aside from the reason of decentralization.
Here are the few;
1. The monopoly of market will be avoided.
2. There is a competition of prices in the market that can limit the price of the stellar cryptocurrency to overshoot.
3. Altcoins can cause unpredictable fluctuation of prices in the market. Fluctuation of prices result revenue for the traders/investors.
4. New and small investors/traders will be given a chance to trade in the market.
5. There is a healthy circulation of money in the market because hoarding/holding will be prevented.
6. Exchange site/market can gain also a suitable amount.
7. Bounty campaign will be continued to progress.
Good points and list mate. That's true, many don't get how important altcoins are. It is true that many of them are considered trash coins that won't even see the light of day or scratch the surface, but that seeing beyond those, altcoins are important because they provide competition to big market assets like Bitcoin and Ethereum that helps in keeping the market active and vibrant. A market that is lopsided and is monopolized by only one player would not prosper in the end, having many assets to choose from gives people many options to do business, which in a way aids in expanding the market even more.