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 ?.
Good if the projects of New Altcoins have a fresh concept and continues to be developed. Bad if their project just copies another project concept with little development or their project has no progress.
but unfortunately, most new Altcoins that appear on the market are Shitcoins even some project teams can't fulfill their promise, many project teams are doing a smooth scam to their investors and enjoying project funds to enrich themselves. scammers may swap the project funds to FIAT and this will be bad for Crypto market