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 ?.
The good thing about having more cryptocurrency is competition. The more coins competing, the more quality features they offer. Most of the cryptocurrency today has their own field of application. The more choices you have the easier the transaction. I have no idea about the bad side of having more cryptocurrency for I am not an expert in this field nor have any idea for this complex matter. In my honest opinion, too many is not good for the market. But how much is too many, that is the question.