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 ?.
Most probably it is good thing only if the projects that are forming these coins are perfect enough. I mean its all about the project really and not the coin. Coins are just symbols for them and way of investing into them with the share holder pass.
They can bring more volume into the total market cap if they are strong enough. However if any project is too good then it can show off the other crypto coins as it will gain more investors than them. But still over all it looks good to me.