I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.
It is very bad if we get more and more shit coins around here. The reasons is that they will attract novice investors and some trading one to invest into them heavily and may scam later on if they are meant for that purpose. This way it becomes threatening for the well established currencies like those in Top 100. The market cap is diverted to different coins which may or may not have utility purposes and thus everything goes in vain. I guess this is why it is bad stuff if we keep getting more and more crypto currencies around here.